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OCCH - Housing Investment Partnership of Kentucky

Description Block
KBA Endorsed Vendor & Associate Member

The Housing Investment Partnership of Kentucky (HIP) is a collaborative effort of Ohio Capital Corporation for Housing and others to facilitate private investment in affordable housing throughout the Commonwealth of Kentucky. The purpose of HIP is to raise and invest corporate equity capital into quality, sustainable affordable rental housing funded through the Low Income Housing Tax Credit Program administered by the Kentucky Housing Corporation. The projects financed by HIP will meet a variety of housing needs of Kentuckians and Kentucky communities by investing in developments for senior citizens, working families, service enriched housing for the homeless and special needs populations, and preservation of historic buildings.

Key participants in the initiative include for-profit and nonprofit developers, the Kentucky Bankers Association and their affiliated loan consortium, HOPE of the Midwest, and the Federation of Appalachian Housing Enterprises (FAHE). Corporate investors contributing capital to HIP will receive a market rate of return while creating new housing opportunities and spurring economic activity. For financial institutions, an investment will count toward Community Reinvestment Act goals.

MORE ON THEIR PROVIDED SERVICES

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Affordable Housing Development Capital
Testimonial

Central Bank & Trust Company on OCCH - Housing Investment Partnership of Kentucky

"Central Bank participated in the Ohio Equity Fund for Housing XXVI that will strengthen and develop vibrant, sustainable and affordable communities with over 3,100 affordable housing units. In addition to the equity fund supporting nine projects in Kentucky, the investment will count toward our CRA goals. Creating new housing opportunities and spurring economic activity is a focus for Central Bank, and we are pleased to be involved with Ohio Capital Corporation for Housing and the equity fund."
Mr. Luther Deaton, Jr.

Mr. Luther Deaton, Jr.
Chairman/President/CEO
Central Bank & Trust Company, Lexington

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Contact

Contact
Mr. Jonathan Welty
Jonathan Welty
Vice President
OCCH - Housing Investment Partnership of Kentucky
(614) 591-9356
email Jon

Jennifer Seamons

OCCH - Housing Investment Partnership of Kentucky
(614) 545-7823
email Jennifer
Mrs. Selina O. Parrish
Selina O. Parrish
Director of Membership
Kentucky Bankers Association
(502) 736-1282
email Selina