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Construction just began this week on 52 units of affordable housing in Northside and just wrapped up on48 units in OTR and 56 units in Hillsboro.
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Cincinnati landlords with unsafe housing would face new regulations under a few ordinances being considered by City Council.
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Hear both sides on Issue 24.
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The proposed amendment would restore the city's earnings tax to 2.1 percent to raise money for affordable housing.
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Eviction rates are increasing in parts of Ohio, particularly impacting low-income rural communities, compounded by a severe shortage of affordable housing.
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One is from citizens to raise the income tax for affordable housing.
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A 2022 report by the National Association of REALTORS found the number of residential home sales involving institutional buyers in Ohio exceeded the national average.
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The proposed amendment from Cincinnati Action For Housing Now would use a 0.3% city earnings tax to raise a claimed $40 million to $50 million a year to fund affordable rental housing for low- and moderate-income residents.
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The legislation would block tax breaks for companies that own 50 or more single-family rental properties.
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Cincinnati City Council approved an ordinance in June that makes it legal to have accessory dwelling units, or ADUs, on properties with a single-family home.