This is a great family dog, as long as you have the time to spend exercising and reinforcing training, and understand that hounds are rarely if ever traditionally obedient! They are better with slightly older children as a young hound is quite a boisterous bouncy creature, and not well suited to homes where they will be left alone for more than brief occasions.
While many dogs are traditionally thought of as being good with children, all dogs and children need to be taught to get on with and respect each other, and be safe together. Even so, dogs and young children should never be left alone together and adults should supervise all interactions between them.