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 Hide Transcript 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 WE’RE NOT DOING IT AT THE EXPENSE OF CITY SERVICES OR OUR WORKERS. THAT’S THE MESSAGE THOSE OPPOSED ISSUE. THREE ARE HARD ON TV AND ONLINE ADS LIKE THIS ONE MAJOR CUTS TO THE BUDGET IF YOU CARE ABOUT PUBLIC SAFETY VOTE, NO ON ISSUE 3 IF ISSUE 3 PASSES, WE WILL BE ALMOST 200 OFFICERS SHORT JOSH SPRING ONE OF THE PETITIONERS CALLS THOSE CLAIMS FEAR TACTICS SUPPORTERS SAY ISSUE 3 WILL CREATE JOBS AND IN ADDITION TO THE CITY’S GENERAL FUND MONEY CAN COME FROM THE LEASE OR SELL OF THE CINCINNATI SOUTHERN RAILWAY A DEVELOPER’S FE. OR ATTACKS ON SOME STOCKS IF WE ARE BUILDING AT LEAST 500 UNITS OF HOUSING A YEAR AND THE APARTMENT ASSOCIATION ESTIMATES THAT THIS WOULD BUILD UNITS A YEAR, THAT IS AT LEAST 1,000 NEW JOBS EVERY SINGLE YEAR. SO JUST FOR THE RECORD, YOU KNOW, WE HEAR THIS TERM AFFORDABLE HOUSING, BUT WHAT DOES THAT MEAN? IT ACTUALLY MEANS HOUSING UNITS THAT ARE AFFORDABLE TO 60% OF THE MEDIAN HOUSEHOLD INCOME AND IN THE CITY OF CINCINNATI, THAT WOULD BE A LITTLE UNDER 30,000 A YEAR A LOT OF FOLKS THINKING THIS ISSUE WILL DRIVE PEOPLE TO THE POLLS NEXT TUESDAY IN THE MEANTIME EARLY VOTING CONTINUES REPORT