district
9
• EAST LIBERTY-HOMEWOOD
• WEST OAKLAND
• EAST HILLS
• EAST LIBERTY GARFIELD
• HOMEWOOD
• LARIMER
• LINCOLN-LEMINGTON-BELMAR
• POINT BREEZE NORTH
Ranked 7TH
in total private and public funding
Councilman
RICKY BURGESS
Councilman Ricky Burgess’s District 9, which includes eight minority neighborhoods in the city’s East End, saw only $451 million in loan dollars between 2007 and 2019, just 3.8% of the citywide total, the lowest of all Council districts. During this period, lenders approved 746 loans for $186 million in fast gentrifying East Liberty, while Homewood West only received 35 loans for $1.5 million.
In 2014, Larimer (nearly 90% minority) was the recipient of a $30 million Choice Neighborhoods grant. But when private lending is examined, financial institutions approved just 102 loans for $66 million in Larimer over the thirteen-year period. In contrast, District 9’s only non-minority neighborhood, Point Breeze North, where the Councilman lives, received 462 loans for $80 million between 2007 and 2019.
Table 10G. Total Public and Private Investment in District 9, Councilman Rev. Ricky Burgess
Neighborhood
PHFA
HACP
URA
Total Public $
Total Private $
Total Public and Private $
East Liberty
$10,250,000
$33,928,624
$287,471,746
$331,650,370
$186,588,000
$518,238,370
$122,165,606
$66,367,000
$188,532,606
Larimer
$10,250,000
$58,242,422
$53,673,184
Point Breeze North
$0
$0
$32,953,221
$32,953,221
$80,025,000
$112,978,221
$20,065,832
$57,811,000
$77,876,832
$14,600,660
$59,322
$5,405,850
Garfield
Homewood South
$600,000
$38,271,530
$17,777,547
$56,649,077
$13,369,000
$70,018,077
$25,942,709
$17,407,000
$43,349,709
Lincoln- Lemington- Belmar
$7,000,000
$4,769,209
$14,173,500
Homewood North
$0
$2,024,125
$1,878,785
$3,902,909
$13,718,000
$17,620,909
$275,000
$14,852,000
$15,127,000
East Hills
$0
$0
$275,000
$299,268
$1,567,000
$1,866,268
$299,268
$0
$0
Homewood West
Totals
$33,505,850
$137,295,232
$423,102,909
$593,903,991
$451,704,000
$1,045,607,991
Minority Community Totals
$560,950,770
$371,679,000
$932,629,770
Total public funds placed Councilman Burgess’s district second, with $593,903,991 in total public dollars. But combined public and private dollars, District 9 received the 7th highest level of investment out of the 9 council districts, and 56.8% came from public sources. Councilman Burgess’s district is the only one in the city which received more public funds ($593 million) than private ($451 million). District 9’s eight minority communities received more public funds ($560,950,770) than private bank loans ($371,679,000).