Ohio Capital Finance Corporation

Ohio Capital Finance Corporation (OCFC) is the lending arm of the Ohio Capital Corporation for Housing (OCCH). OCFC is a certified Community Development Financial Institution (CDFI). OCFC was created in 2002 to further expand OCCH's predevelopment lending activities. In 2004, OCFC formed the $10 million Ohio Affordable Housing Loan Fund I, LLC (Loan Fund) to expand OCFC's lending abilities and provide additional scarce predevelopment, acquisition, and bridge financing dollars to developers of affordable housing in Ohio. In December 2006, an additional $7 million of capital was closed into the Fund and is now available to qualified borrowers.

In 2010, the Loan Fund was restructured to increase its product offerings. Additionally in May 2010, OCFC, with the assistance of the Ohio Housing Finance Agency, created the Ohio Preservation Loan Fund. The Preservation Loan Fund is designed to provide developers and owners of existing affordable housing with the tools necessary to allow the refinance and transfer of ownership while continuing the use of ongoing rental subsidies.

OCFC was one of 23 organizations out of 230 to receive a $5 million Capital Magnet Fund Award from the federal CDFI fund. This grant will be used to leverage investor equity in affordable housing transactions from 2011 to 2016.

OCFC offers products that are necessary, especially for nonprofit developers, and that generally are not otherwise available. OCFC lending permits developers to gain site control, engage engineering and environmental studies, hire architects and attorneys, conduct market studies, package projects for construction and permanent financing, as well as the acquisition of land and/or buildings for affordable housing development.

OCFC offers the following products:

  • Predevelopment Loan – maximum loan amount $150,000
  • Acquisition Loan – maximum loan amount $1,000,000
  • Preservation Predevelopment Loan – maximum loan amount $150,000
  • Preservation Acquisition Loan – maximum loan amount $5,000,000
  • Year 15 Bridge Loan – maximum loan amount $1,000,000
  • Permanent Loan – $100,000—$1,000,000

Download the files below to learn more about the products and to apply for a loan:

  OAHLF_OPLF_OCFC Permanent Loan Term Sheets
  Ohio Affordable Housing Loan Fund Application
  Ohio Capital Finance Corporation Application
  Ohio Preservation Loan Fund Application
  OCFC Permanent Loan Application
  OCFC PNC Affordable Housing Loan Fund Application

Contact Jonathan Welty at 614.224.8446, ext. 112, or by email at if you have additional questions regarding OCFC's lending products.


We are pleased to acknowledge the investors and participants in OCFC sponsored Loan Funds.
  • Community Development Financial Institution Fund
  • Fifth Third Bank
  • Huntington Community Development Corporation
  • John D. and Catherine T. MacArthur Foundation
  • Key Community Development Corporation
  • National Cooperative Bank
  • Nationwide Bank
  • Ohio Housing Finance Agency
  • PNC Community Development Company, LLC
  • RiverHills Bank
  • US Bancorp Community Development Corporation
  • WesBanco Bank Inc.


OCFC is a CDFI Entity, as certified by the United States Department of the Treasury.


Member of Opportunity Finance Network

Member of Federal Home Loan Bank of Cincinnati