In 1988, the Olneyville Housing Corporation (OHC) was formed to promote the revitalization of Olneyville through the development of affordable housing opportunities. Their real estate development programs include: The Riverside Gateway Apartments, an initiative that revitalizes vacant parcels of land into new affordable rental housing units, and the Olneyville Square Storefront Improvement Program, which provides one-to-one matching grants given to commercial property owners who agree to renovate their storefronts. One asset-building program offered by the corporation is the Homebuyer Education and Housing Counseling service, which offers homebuyer-training courses in English and Spanish and post-purchase classes on home repair and foreclosure prevention.