What is Ohio Multi-County Development?
Ohio Multi-County Development Corporation (OMCDC) is a dedicated community development corporation focused on providing essential affordable housing opportunities to low and moderate-income individuals and families. Operating across a broad geographic area encompassing Carroll, Cuyahoga, Holmes, Lorain, Medina, Portage, Stark, Summit, and Wayne Counties, OMCDC has a proven track record of impact. In 2013 alone, the organization facilitated 265 housing units for its target demographic. Its operational funding primarily stems from federal sources, including the U.S. Department of Housing and Urban Development, and local initiatives like the Summit County Continuum of Care, highlighting its critical function within the regional social infrastructure.
How much funding has Ohio Multi-County Development raised?
Ohio Multi-County Development has raised a total of $1.9M across 1 funding round:
Other Financing Round
$1.9M
Other Financing Round (2009): $1.9M, investors not publicly disclosed
What's next for Ohio Multi-County Development?
The substantial enterprise-level funding and recent strategic investment signal a commitment to the sustained operation and expansion of Ohio Multi-County Development's vital services. This capital infusion is expected to bolster its capacity to provide and manage affordable housing units, potentially enabling the organization to reach more individuals and families in need. Future endeavors will likely focus on deepening its impact within its existing service area and potentially exploring new partnerships or programs to address evolving housing challenges in Northeast Ohio. The organization's reliance on government and continuum of care funding suggests a strategic approach to long-term sustainability and community integration.
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