Ohio Capital Corporation for Housing
Jon Welty has a diverse work experience spanning several organizations and roles. In 1996, they started their career as a Valuation Analyst at US Realty Consultants, where they remained until 1997. Following that, Welty joined Banc One CDC in 1998 as a Senior Investment Officer until 2000. In 2000, they took on the role of Executive Vice President at Ohio Capital Corporation for Housing, which they continued until an unspecified date. In 2010, Welty became the President of Ohio Capital Finance Corporation and currently holds the position. Additionally, Welty joined the Federal Home Loan Bank of Cincinnati as a Board Member in 2020.
Jon Welty obtained a Bachelor of Arts degree in Communication and Business from Hanover College, where they attended from 1988 to 1992. Following this, they pursued further education and completed a Master of Business Administration (MBA) in Management at Wright State University from 1994 to 1995.
Ohio Capital Corporation for Housing
The Ohio Capital Corporation for Housing (OCCH) is a nonprofit financial intermediary based in Columbus, Ohio that works with private and public developers to create affordable housing opportunities. OCCH leverages private capital for the construction, rehabilitation and preservation of affordable housing. We believe that through providing affordable housing enhanced by supportive services, we can build sustainable communities that provide opportunities and empowerment in the lives of our residents. OCCH has raised over $5.3 billion in private capital and invested in over 53,000 units of affordable housing in over 900 developments. OCCH has a lending arm, the Ohio Capital Finance Corporation (OCFC), which offers products such as predevelopment and acquisition loans to enable affordable housing development. Since its creation in 2002, OCFC has made over 675 loans totaling $583 million in production to assist in the creation, rehabilitation and/or preservation of more than 29,105 affordable housing units. OCCH created Community Properties of Ohio Management Services (CPO) in 2003 for the specific purpose of turning around a troubled portfolio of over 1,000 affordable units spread around seven Columbus neighborhoods. After a $100 million renovation effort, CPO continues to stabilize and maintain the portfolio with a hybrid of real estate management and focused supportive services. Leveraging their management expertise, CPO currently manages over 2,900 units, including units for OCCH partners. OCCH created Ohio Capital Impact Corporation (OCIC) as a 501(c)(3) non-profit 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. Since 2012, OCCH has raised over $25 million for OCIC initiatives.