district
5
• Greenfield
• Hazelwood
• Hays
• Glen Hazel
• Regent Square
• Squirrel Hill South
Ranked 3RD
in total private and public funding
Councilman
Corey O'Connor
Councilman O’Connor’s District 5 has a diverse geographic and demographic range in the East End. It includes the high-income neighborhood of Squirrel Hill South (home to Taylor Allderdice, the city’s largest high school) and Regent Square, middle-income Swisshelm Park and Greenfield, Hazelwood and Glen Hazel (which are nearly 50% minority), and, across the Mon River, Hays and Lincoln Place, the city’s only 100% non-minority neighborhood.
Between 2007 and 2020, $1.6 billion in loan dollars were approved in District 5, 13.9% of all loan dollars citywide during this period. The $1 billion in loans approved to just one neighborhood, Squirrel Hill South, dwarfed loan dollars to all minority neighborhoods ($807 million).
Table 10C. Total Public and Private Investment in District 5, Councilman Corey O’Connor
Neighborhood
PHFA
HACP
URA
Total Public $
Total Private $
Total Public and Private $
$83,743,701
$1,045,706,000
$1,129,449,701
Squirrel Hill South
$3,166,533
$1,000,000
$79,577,168
Greenfield
$0
$67,088
$165,993
$233,081
$272,784,000
$273,017,081
$110,649,393
$49,699,000
$160,348,393
Hazelwood*
$0
$79,928,808
$30,720,585
Regent Square
$0
$0
$0
$0
$82,976,000
$82,976,000
$900,001
$74,809,000
$75,709,001
$900,001
$0
$0
Lincoln Place
Swisshelm Park
$0
$0
$20,000
$20,000
$62,349,000
$62,369,000
$0
$48,405,000
$48,405,000
New Homestead
$0
$0
$0
Hays*
$0
$0
$15,425,000
$15,425,000
$15,425,000
$2,319,700
$2,319,700
Glen Hazel*
$0
$2,319,700
$0
Totals
$3,166,533
$1,800,000
$126,808,747
$213,290,875
$2,312,964,000
$1,850,018,875
*Note: Bank lending to Hazelwood also includes Hays and Glen Hazel.
Councilman O’Connor’s public funds were ranked third of all the districts, with $213 million, but this amount was dwarfed by the bank lending of $1.6 billion. Bank lending represented 88.5% of all investment in District 5. Councilman O’Connor’s district had no minority communities, so there was no public or private investment in these areas.