Sittenfeld claims this is “…removing a barrier to housing.” And mayor John Cranley calls the new law, “…a meaningful act of social justice.”
The long term impacts and consequences are yet to be seen, however, from a my perspective, this is going to have negative consequences on the housing stock and cause undue burden on the property owners as they are left holding the bill for units that their tenants decide to leave in a condition less than they found them.
I thought this was a bold move by the City and thought I would bring it to your attention.
You can read the full article here: https://www.cincinnati.com/story/news/politics/2020/01/15/cincinnati-renters-wont-need-cash-security-deposit-anymore/4430016002/
The law goes into effect in 90 days.