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Northside Community Development Fund – Lending Activity Summary as of 12-31-2008
The Northside Community Development Fund is a non-profit community loan fund that serves businesses on the Northside of Pittsburgh. Here are some statistics from the inception of the Fund regarding loan activity and some demographic breakouts:
| Analysis | 2000 – 2006 | 2007 – 2008 |
| # Total Loans | 60 | 18 |
| $ Total Loans | $3,085,795 | $1,113,100 |
| # Loans Women | 18 | 10 |
| # Loans to Minorities | 10 | 8 |
| Total Avg. Loan Amt. | $51,430 | $61,839 |
| Avg. Loan Amt. Woman | $20,396 | $36,310 |
| Avg. Loan Amt. Minority | 22,808 | 60,888 |
| % of $ Women | 11% | 33% |
| % of $ Minority | 7% | 44% |
| % of Borrowers Women | 30% | 80% |
| % of Borrowers Minority | 18% | 60% |
This analysis was broken out by year to reflect changes in staffing at NSCDF. Also, this activity reflects business loans only and does not include loans to non-profit neighborhood organizations for housing and mixed-use strategic real estate development. I will also be posting data regarding the breakout, by neighborhood, for this loan activity (and will be including real estate development by community organizations on that list.
