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Mayor: Newport’s LMI falls to 48%, affecting CDBG eligibility
Summary
Mayor Ratliffe told the council that Newport’s low-to-moderate-income rating dropped to 48%, below the 51% threshold for some Community Development Block Grants, which could make the city ineligible for those programs for five years.
Newport — Mayor Ratliffe reported at the July 1 City Council meeting that Newport’s low-to-moderate-income (LMI) percentage has fallen to 48%, below the 51% threshold he said is required for eligibility for some Community Development Block Grants (CDBGs).
Ratliffe framed the change as a consequence of local economic development, calling the drop in LMI “great news for the development of successful employees of Jackson County.” He warned, however, that the reduced LMI percentage makes the city ineligible for certain CDBG programs for a five-year period, as stated in the meeting minutes. The minutes do not specify which CDBG programs would be affected or the financial impact.
At the same meeting the council also noted that the Newport Tech Depot Project received the Star of the Southwest Award from the U.S. Economic Development Administration’s Austin Regional Office; NEDC Executive Director Chadwell provided an overview of the award during the Good of the City portion of the agenda.
The meeting minutes do not record any council direction or next steps to mitigate the loss of CDBG eligibility; any pursuit of alternative funding or appeals was not specified.
