County Corp is the private non-profit development corporation for Montgomery County.

The Mission of County Corp is to improve our Greater Dayton-Montgomery County community by offering affordable housing and economic programs for residents and small businesses.  Our Vision is to be the premier provider of programs that create safe, stable neighborhoods and successful small businesses.

County Corp grew out of the need for Montgomery County to actively participate in affordable housing and economic development. In 1978, the Board of County Commissioners and their staff pursued the concept of a non-profit that could do development work prohibited to an Ohio county under the Ohio Revised Code. Incorporation approval from the Ohio Attorney General on December 17, 1979, made County Corp the first housing and economic development non-profit in any Ohio county. We opened for business on April 1, 1980.

Housing Programs - now The Housing Source

County Corp is committed to providing safe, decent, and affordable housing. We strive to deliver cost effective services and continue to expand our network of partners which in-turn leverages our capacity to meet the challenges ahead. Our programs are designed to address housing preservation, foreclosure prevention, and development. And with an emphasis on “green”, we have incorporated those building components and concepts into the work we do.

Our major initiatives include the development of affordable rental units, lease purchase opportunities, and purchase and rehabilitation of vacant homes for new homebuyers. We put forth a significant community outreach effort to inform residents about the resources that are available to prevent foreclosure. Foreclosure prevention and intervention counseling is also available to Montgomery County residents at no charge. We assess each homeowner’s situation, develop a strategy, and work to resolve the situation. Emergency Assistance and Access are two additional programs County Corp offers that make a positive difference in people’s lives and prevent residents from being displaced.

Since 2001, County Corp has been certified as a Community Development Financial Institution (CDFI) by the U.S. Department of the Treasury. County Corp also formed HomeStart, Inc., as the developer, managing partner, and owner for all Affordable Housing Tax Credits’ developments. HomeStart, Inc. is also certified by Montgomery County and the State of Ohio as a Community Housing Development Organization (CHDO) in accordance with HUD standards. Our two most recent multi-family developments that will be under construction in 2010 are River Commons II and Almond Village. Both were awarded federal Affordable Housing Tax Credits for a total of 143 units. River Commons II is a permanent supportive housing project and Almond Village is a senior project. They are located in the City of Dayton.

In July 2009, County Corp became the lead agency for the region to help with foreclosed properties through the National Community Stabilization Trust. The Trust provides a first look at properties for governments and non-profits who may want to purchase for redevelopment before they are listed for sale to the public. County Corp will notify other agencies of properties as they become available. County Corp is Montgomery County’s partner for the development and implementation of the Neighborhood Stabilization funds. Working together, a program was shaped to purchase bank owned or foreclosed homes in designated areas. Once rehabilitated, the homes are to be sold to new homebuyers. Montgomery County provided $3.5 million in Federal HERA funds for the program.

Funding has been provided from many sources over the years and these include: Montgomery County, Ohio, The Ohio Housing Finance Agency, The Federal Home Loan Bank, The Ohio Department of Development, Vectren, and The Stick Foundation, to name a few.

Economic Development - now BizCap

County Corp Development is a private not-for-profit development corporation committed to supporting economic development in the region. Through County Corp Development we expanded our mission to work on business expansion opportunities and fill financial gaps for small businesses.

County Corp Development makes business loans through United States Small Business Administration (SBA) 504, Ohio Regional 166, and Community Development Block Grant (CDBG) funding. In addition, we also have funds available for Child Day Care loans. Funding is used for facilities expansion and equipment needs. Our loans are tailored to meet the specific needs of small businesses. The loan amounts range from $5,000 to $5,500,000 and offer low, fixed interest rates.

As one of the most respected development organizations in the state, County Corp Development has been a Certified Development Company through the SBA since 1982, and since 1991 has offered small businesses the Ohio Regional 166 Program.

County Corp Development is authorized to make SBA 504 and Regional 166 loans anywhere in Ohio. However, County Corp Development is specifically committed to the continued support of the small business community and economic development programs in southwestern Ohio by offering loans in Montgomery, Greene, Miami, Shelby, Darke, Preble, Warren, Clark, and Champaign counties.