The new name of Middletown is now Poverty City, Ohio per Mr. Adkins. The City Admin wants to designate the whole City as a Low Income area to open the whole City to CDBG funds. Will this further depress housing values and run off potential buyers, most likely.
Mr Adkins is taking this step based on the fact that in the 2000 Census 54% of the population is below Median income. Can someone please provide a link to this info on the Census site? This does not bode well for Middletown as the City has drastically increased the low income residents for the 2010 census with Section 8 and Public Housing.
Now the part I don't get is that this is supposedly so that more people can have access to $600,000.00 in CDBG grants. What they can't spend $600,000.00 in the 40% of the city already designated for these funds, I find that hard to believe.
To put the $600,000.00 in perspective:
The city spends $250,000.00-300,000.00 each year in the spring filling pot holes.
If you take 300 of the 2300 residents that got letters from the City about their property not being up to snuff and gave them a $2000.00 grant to fix their property you would be out of funds and help about .6% of the population. What about the other 50700 people or 99.4% of the population?
$600,000.00 represents the salaries of the top 5-8 top people in the Admin downtown.
Folks we are not talking about enough money to warrant making this change and designating the whole city as Poverty Stricken and dragging down home values even further. Even Mr, Adkins acknowledged this was a con to doing this. If we were talking about $20,000,000.00 then it may be a different story..........hmmmm are we really talking about $20,000,000.00.
I also don't buy the we need to pave ally ways scenario.
This just doesn't make sense for $600,000.00 in grants for a city this size.
|