Understanding the Data
Investment data used in this analysis was collected from 2010-2020 and reflects much of the city's efforts in community development through various aspects, such as enabling affordable housing, invigorating economic growth, and promoting equitable development. Notably, the data was the product of extensive research and was scaled by direct beneficiaries of the investment at the tract level, thus enabling sound comparisons across cities and neighborhoods. Details of each investment category are discussed in the Urban Institute's data catalog, though it would be helpful to familiarize ourselves with some of the types before moving forward:
- Non-residential investment refers to loans for non-residential capital investment such as commercial, industrial, and agricultural properties. This is scaled by the number of employees in the area.
- Small-business loans refers to loans to business whose revenues run under $1 million. This is scaled by the number of small business employees.
- Community development funds refers to “mission lending” from community development financial institutions and socially motivated lenders. This is scaled by the number of households in the area.
- Federal community development funds refers to federal community development funding and the city’s public financing. This is scaled by the number of households in the area.
- Purchase loans per renter-occupied household refers to purchase loans for multifamily properties (5+ units). This is scaled by the number of renter-occupied households living in properties with five or more units.
- Purchase loans per owner-occupied household refers to purchase loans for single-family properties (1-4 units). This is scaled by the number of owner-occupied households.
- Aggregate investment refers to the overall investment. This is scaled by the number of households.
Where Chicago stands among US's biggest cities
In terms of overall investment per household, Chicago on average ranked 40th out of US's top 100 big cities by population size and 2nd in the Midwest (losing to Wisconsin's capital Madison). Based from this sample, there seems to be an inverse relationship between a city's poverty percentage and the investment in development it receives. Interestingly, cities in the West received on average more investment per household than their counterparts in other regions of the US.
Interacting with the visuals:
Hover over colored bubbles to see details of city.
Drag mouse across the graph to observe an area by the x-axis and see corresponding regional count in the histogram.Click once on the graph (outside of gray area) to cancel area selection.
Click on the region in the legend to filter data. Click once in the aera under the legend to reset filters.
Select radio buttons to see different investment categories.
Chicago's totals, by investment category
Purchase loans for single-family housing units and non-residential make up the majority of Chicago's total development capital in the 10-year period 2010-2020.
Interacting with the visuals:
Hover over colored regions to see details of investment category.
Chicago's spending trend
All investment categories saw an upward trajectory, increasing at a remarkable rate especially in 2010-2013 period that marked the US's recovery from the Great Recession. While more money went in non-residential development cause on aggregate, residents of single-family units benefitted significantly when scaled by direct beneficiary.
Interacting with the visuals:
Click anywhere on the graph to see data for a specific year.
Hover over the dots once the vertical line appears to see details of the investment.
Racial and Poverty Disparity in Chicago's capital flow
The graph shows average scaled investment for communities with a race majority presence. A notable pattern in overall investment is how investment decreased the more a community comprises largely of Blacks or Latinos. Community development funds is an exception to this observation, though it is worth noting that this is the investment category with the lowest amount received by beneficiary.
The data also explores investment across poverty categories. With the exception of a few categories where no significant differences could be seen, it appears that communities with lower rate of poverty were receiving more investment money on average during the 10 years period studied.
Exploring Chicago's investment flow by tract
The map aggregates data on investment at the tract level. Beside showing the racial and poverty disparities in capital flow in Chicago in a different format from that presented above, the map also illustrates this segregation on a geographic level—how the loop and north/west side of Chicago was much more heavily invested than the lower south where we see a much higher rate of poverty and concentration of people of color neighborhoods.
Interacting with the visuals:
Hover over each tract on the map to see tract details.
Click on the tract to see the neighborhood it belongs to. Click anywhere once on the map (outside of the tracts) to cancel selection.
Select radio buttons to see different investment categories.
Select items on dropdown menu to filter by tract's race majority, poverty level, or both.