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Through the efforts
of many corporate investors, The Community Properties
Fund for Housing I (CPFH I) was established and closed
in 2004 by Ohio Capital Corporation for Housing to begin
rebuilding homes and reshaping lives. This fund provided
$33,000,000 of equity to be used for the rehabilitation
of 544 units in 87 buildings. In 2005, Ohio Capital Corporation
for Housing also closed the Community Properties Fund
for Housing II (CPFH II) at $25,000,000. The equity raised
from CPFH II will work in conjunction with that of CPFH
I to rehabilitate over 775 apartments and townhouses in
the Community Properties Portfolio.
The investors in CPFH I and/or CPFH II include JPMorgan
Capital Chase Bank, NA; FifthThird Community Development
Corporation, Key Community Development Corporation, National
City Community Development Corporation, Huntington Community
Development Corporation, Nationwide Life Insurance Company,
Commerce National Bank, Park National Bank, Sky Financial
Group, and WesBanco Bank.
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Community Properties
Initiative One Brick at a Time |
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Community Properties Fund
Investors: |
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JPMorgan Capital Corporation |
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FifthThird Community
Development Corporation |
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Key Community
Development Corporation |
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National City Bank
Community Development Corporation |
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Huntington Community
Development Corporation |
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Nationwide Life Insurance
Company |
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Commerce National
Bank |
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Park National Bank |
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Sky Financial Group |
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WesBano Bank
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