Issue 3: Ballot item would require Cincinnati to put $50 million a year toward affordable housing Updated: 7:42 PM EDT Apr 29, 2021 Share Updated: 7:42 PM EDT Apr 29, 2021
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Show Transcript YOU GET ONE OF THESE ISSUE THREE WHAT REQUIRES CINCINNATI TO PUT 50 MILLION DOLLARS A YEAR INTO A TRUST FUND FOR AFFORDABLE HOUSING AT SOMEBODY WHO HELPS PUT TOGETHER THE BUDGET EVERY YEAR. 50 MILLION DOLLARS BEING DIVERTED OUT OF OUR GENERAL REVENUE FUND. IS ALMOST UNFATHOMABLE. I DON’T KNOW. WHERE WE WOULD START THE FACT IS THE 50 MILLION DOLLARS. EVERY YEAR ISN’T ENOUGH. IT WILL NOT. YEAH, WE ARE SHORT 28,000 AFFORDABLE HOMES IN THE CITY OF CINCINNATI. THE CITY ALREADY HAS MONEY IN A HOUSING TRUST FUND AND ANNOUNCED THIS WEEK THE CREATION OF A PRIVATE FUND A NEW FUND THAT WILL SIT OUTSIDE OF CITY HALL TO ATTRACT PRIVATE MONEY IN ADDITION TO THE PUBLIC MONEY THAT WE’RE GOING TO PUT IN TENS OF MILLIONS OF DOLLARS GOING TO AFFORDABLE HOUSING, BUT
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Less than a week from Election Day, proponents and opponents of Issue 3 squared off in an Enquirer debate, pleading their case to voters.
The two sides went back and forth for about an hour on Thursday about the proposed charter amendment that would require the city to devote at least $50 million a year toward affordable housing.
On the pro- Issue 3 side were Mona Jenkins, director of development and operations for the Greater Cincinnati Homeless Coalition; the Rev. Nelson Pierce Jr., senior pastor of Beloved Community Church in Avondale; and Josh Spring, executive director of the homeless coalition and co-chair of Cincinnati Action for Housing Now.
Some call affordable housing proposal an important investment. Others call it catastrophic for city s budget
Proposed amendment would allocate $50M annually for housing
Supporters of the amendment say it would be a major milestone in affordable housing investment, but critics say the amendment would bankrupt the city and limit emergency services.
and last updated 2021-04-27 07:06:59-04
CINCINNATI â If you take a drive around Cincinnati youâre likely to pass multiple new housing developments under construction. Some include affordable units, others donât.
And as the new units go up, the cost of living in the neighborhood can go up too.
Explaining Issue 3, The Affordable Housing Charter Amendment On The May Ballot wvxu.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wvxu.org Daily Mail and Mail on Sunday newspapers.