Affordable Housing Fund

At a glance

• What: $5 million appropriation to Cincinnati Development Fund for affordable housing initiatives.
• Source: Unappropriated surplus of General Fund 050.
• Status: Emergency ordinance 202602876 referred to Budget, Finance & Governance Committee at October 14, 2026 meeting.
• Part of: Larger fiscal strategy including pension contributions, emergency reserves, and housing/economic development capital reserves.

Funding Details

Emergency ordinance 202602876 authorized multiple fund allocations from General Fund 050 unappropriated surplus:

• $5,000,000: Cincinnati Development Fund (affordable housing initiatives)
• $2,914,217: Reserve for Weather Events, Other Emergency and One-Time Needs
• $2,000,000: Pension obligation contribution to Cincinnati Retirement System
• $500,000: Reserve for Operating Budget Contingencies
• $500,000: Reserve for Special Events Support
• $1,540,603: Infrastructure and Capital Project Reserve
• $1,540,603: Housing and Economic Development Capital Project Reserve

Sources

• City Council minutes, October 14, 2026: https://cincinnatioh.legistar1.com/cincinnatioh/meetings/2026/10/10845_M_Cincinnati_City_Council_26-10-14_Meeting_Minutes.pdf

Log

2026-10-14 - Cincinnati City Council

Emergency ordinance 202602876 referred to Budget, Finance & Governance Committee. Authorized transfers from General Fund 050 unappropriated surplus totaling approximately $10.5 million across multiple reserves and initiatives, including $5M to Cincinnati Development Fund for affordable housing.

• 2026-10-25 - Page created from October 14, 2026 minutes.