2018 Annual Report
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Improving the Lives of Residents
OCIC is a 501(c)(3) non-profit affiliate of OCCH, created to extend the mission of OCCH through creative and transformative philanthropic investments. These resources are granted to partners working creatively to improve life outcomes for residents of affordable housing communities where OCCH has investments.
Raised since 2012
Contributed by OCCH
Raised in 2018
OCIC is funded with nearly $8 million of support from several Impact Investors – including Huntington Bank, Fifth Third Bank, Key Bank, First Financial Bank, and JPMorgan Capital Corporation (Chase).
OCIC Investors
OCIC is funded in part through $15 million of OCCH’s retained earnings, and with $7.7 million of support from several Impact Investors – most notably, Huntington Bank, Fifth Third Bank, Key Bank, and JPMorgan Capital Corporation (Chase).
Hover over the pie chart for details on 2018 Investments.
$2,500,000
$450,000
$300,000
$492,590
$70,000
$70,000
$30,000
$30,000
$25,000
$20,000
$5,000
$5,000
$5,000
Ohio Capital Corporation for Housing
Huntington CDC
Key CDC
Fifth Third CDC
First Financial Bank
WesBanco Bank
First Federal Bank of the Midwest
Heritage Bank
Republic Bank
Civista Bank
CFBank
First State Bank
RiverHills Bank
Explore Our Work in 2018
Carol Mount Peterson Resident Development Fund
Named after Carol Mount Peterson, who served on the Board of OCCH for 16 years, the Resident Development Fund provides dollars to partners so they can create unique programs that help residents strive towards better lives. These outcome driven programs support youth empowerment and education, senior health and wellness, and educational and workforce advancement.
Examples:
“Bingocize”provides a fun way for seniors to exercise twice a week.
The A – Z Learning Lab provides opportunities for public housing residents in rural Cadiz to keep up with learning after school and over the summer while also providing mentoring and support.
Urban Strategies, a national service oriented nonprofit, works at Poindexter Place in Columbus to provide youth empowerment opportunities.
Various nonprofits in Cincinnati’s Over the Rhine gentrifying neighborhood work to engage low income residents so that they have the same opportunities as other kids, including attending activities at Ziegler Park pool.
Summer Camp Program
Quality summer camp programs with opportunities for learning help to ensure that children are gaining, not losing, ground both academically and socially over the summer. In 2018, the summer camp program grew substantially to include:
• 745 children who attended summer camp
• Over half of the children were returning from the previous year
• Average length of attendance is 10 weeks
• A majority of students attended a YMCA camp
Partnering for Success
Jerry Grier Scholarship Program
The Jerry Grier Scholarship Fund, named after former OCCH board member and HUD attorney, assists low-income students living in affordable housing communities with the costs of attending a college or university. Students can pursue higher learning with tuition and performance-based assistance up to $10,000. Since the Fund’s inception, over 80 students have been supported in achieving their educational goals.
Capital for Partners
Capital for Partners provides a flexible source of funding for partners to achieve their mission-oriented objectives. Whether it is through support to particular innovative programs or whether it is event sponsorship or unrestricted funds to help partners achieve their mission, OCIC is committed to supporting our partners’ impact on communities and low-income populations.
Examples include:
Greater Columbus Community Helping Hands
Generous support from Fifth Third CDC and OCCH enabled 57 college-bound students residing in affordable housing communities owned by CMHA, CPO, and Homeport to attend workshops to prepare them for college and to receive financial support, laptop computers, and dorm room packages.
Coalition on Housing and Homelessness in Ohio
OCIC provided support to COHHIO for their advocacy efforts that include efforts to increase funding for the Ohio Housing Trust Fund, a crucial financing tool to help build new affordable units.
Legal and technical assistance to residents
OCCH partners with Michael E. Moritz College of Law at OSU to employ two interns and one post-graduate fellow so that they can help eligible households with legal and technical assistance to resolve issues that threaten housing stability.
