district

8

Shadyside

Squirrel Hill North

Point Breeze

North Oakland

Ranked 1st

in total private and public funding

Councilwoman Erika Strassburger

Councilwoman Erika Strassburger’s district encompasses four of Pittsburgh’s wealthiest neighborhoods and includes three universities (Carnegie Mellon, Chatham, and the University of Pittsburgh).  The vast majority of residents are non-minority. While only 13% of the city’s population, District 8 commands nearly $2.8 billion in loans, or 23.7% of all loan dollars, over the period, 2007 to 2020.

 

During this period, more loans were approved to the individual neighborhoods of Shadyside ($1 billion) and Squirrel Hill ($956 million) than to all of the city’s minority neighborhoods combined ($807 million).

District 7 Strass.jpg

Table 27A. Total Public and Private Investment in District 8, Councilwoman Erika Strassburger

Neighborhood

PHFA

HACP

URA

Total Public $

Total Private $

Total Public and Private $

$26,933,104

$1,054,017,000

$1,080,950,104

Shadyside

$0

$0

$26,933,104

Squirrel Hill North

$0

$0

$807,500

$807,500

$956,579,000

$957,386,500

$1,340,000

$595,853,000

$597,193,000

Point Breeze

$0

$0

$1,340,000

North Oakland

$0

$0

$13,365,001

$13,365,001

$192,155,000

$205,520,001

$42,445,605

$2,798,604,000

$2,841,049,605

Totals

$0

$0

$42,445,605

 In terms of public funds, Councilwoman Strassburger’s district is last, with only $42 million, and almost all of it came from the URA. This means that 98.5% of all investment in District 8 came from bank investment. Since her district includes no minority communities, there was no minority community investment from either public or private sources.