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.

District 9 Burgess.jpg

Table 10G. Total Public and Private Investment in District 9, Councilman Rev. Ricky Burgess

Neighborhood

PHFA

HACP

URA

Total Public $

Total Public $

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).