Ella Adams, a Cincinnati resident, holds a sign during a rally addressing affordable housing in Cincinnati at City Hall on Wednesday, Aug. 2, 2023. Nearly 12,000 residents signed Cincinnati Action for Housing Now’s petition to put an issue on this November’s ballot to amend our city’s charter to include the restoration of a 0.3% earned income tax to be used for the development.

In communities across the country, including here in Cincinnati, the issue of housing affordability is reaching a crisis point. Millions of Americans are struggling to find homes they can afford, prompting policymakers at every level of government to look for ways to reduce the cost of housing.

Families across Ohio are also grappling with stagnant wages, making the dream of homeownership increasingly out of reach as wages have not kept pace with housing costs.

Unfortunately, in its attempt to address housing affordability, the Federal Housing Finance Agency is considering a policy that may appear as a depressant to rising rents, but in reality, would exacerbate the state’s affordability problem.

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