An Economic Perspective on Black Hartford’s History & Future Diane L. Smith April 10, 2008 General Overview • • • • Population Income Housing Education Changes in Hartford Population 200 000 100% 180 000 90% 160 000 80% 140 000 70% 120 000 60% 100 000 50% 80 000 40% 60 000 30% 40 000 20% 20 000 10% 0% 1950 1960 1970 Year 1980 1990 Proportion of Population by Race Population by Race Over Time -- Hartford, Connecticut Total Population • In 1950, Hartford’s Population was less than 10% black. • By 1990, the population was 40% black, 40% White and 20% Hispanic. • 2006 estimates Hartford’s black population at 37% • The city has lost more than a third of its population since 1950 Hartford %White %Black Concentration of Black Population 1950 -1980 Black population begins and concentrates in north end Figure 1 Black Population 1950 Figure 2 Black Population 1960 Figure 3 Black Population 1970 Figure 4 Black Population 1980 Income Distribution Median Income Median Income by Race 1967-1980 United States $20,000 $18,000 $16,000 $14,000 $12,000 White $10,000 Black $8,000 $6,000 $4,000 $2,000 Years 19 80 19 79 19 78 19 77 19 76 19 75 19 74 19 73 19 72 19 71 19 70 19 69 19 68 19 67 $- • In general, median income for blacks in the US is 67% of whites from 1967 to 1980 Income Distribution Median Income Median Household Incom e 2000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $CT Hartford Htfd Black Htfd White Htfd Hisp • In 2000, Hartford median income was 46% of the state’s median. Hartford black media was just about equal to the city’s level. • 2006 Census data estimates for CT black median income falling to 59% of whites; $70K vs. $41K Income Distribution Poverty • Hartford’s poverty rate in 2006 was 32% compared to the State’s at 8% • 26% of Hartford black population lived at poverty income levels Poverty Rates 2006 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% CT Hartford Htfd Black Htfd White Htfd Hisp Income Distribution Poverty Geographically - Hartford 1990 2000 Income Distribution Hartford Revenue • Hartford receives about 46% of its annual revenues from taxes; another 45% from intergovernmental sources • Property tax (residential and commercial) is the source of most of the tax revenue • The state provides more than 80% of the intergovernmental funds to the city Housing Opportunity • Historically, blacks occupied the oldest units in the city as well as the largest developments D is t rib ut io n o f Oc c up ie d U nit b y N o n- W hit e He a d s o f Ho us e ho ld b y Y e a r Ha rt f o rd 19 6 0 D is t rib ut io n o f U nit s Oc c up ie d b y N o n- W hit e He a d s o f Ho us e ho ld b y U nit M ix Ha rt f o rd 19 6 0 80% 60% 70% 50 % 60% 40% 50% HTFDTOTAL 30% No n-White HTFDTOTAL 40% Non-Whit e 20% 30% 10 % 20% 10% 0% 1-unit 2 units 3 -4 units 5-9 units 10 -19 units Ho using T yp e 2 0 -4 9 units 50 + 0% 29- 30-39 40-49 50-54 Ye a r B ui l t 55-58 59-60 Housing Opportunity • In 1960, about 25% of Hartford’s housing stock had been built in the last ten years • By 2000, only 4% of the city’s stock had been built in the last decade. • Nearly one third of Hartford’s housing was built before 1939 Distribution of Units by Ye ar Structure Built Hartford 1960 2% 9% 13% 59 -6 0 55-58 50 -54 4 0 -4 9 53% 3 0 -3 9 14% 29- 9% Distribution of Units by Ye ar Structure Built Hartford 2000 1% 1%2% 7% 32% 11% 9 9 -0 0 9 5-9 8 9 0 -9 4 8 0 -8 9 70 -79 6 0 -6 9 15% 50 -59 4 0 -4 9 39- 15% 16% Housing Opportunity • More than half of Hartford’s housing was comprised of single family units in 1960. • By 2000 that percentage had shrunk to one fifth. • Another on fifth of the housing in 2000 were developments of 20, 50 or more units. Distribution of Units by Unit Mix Hartford 1960 4% 2% 6% 9% 1-unit 2 units 3 -4 units 5-9 units 11% 57% 10 -19 units 2 0 -4 9 units 50 + 11% Distribution of Units by Unit Mix Hartford 2000 11% 19 % 10 % 1-unit 2 units 3 -4 units 12 % 9% 5-9 units 10 -19 units 2 0 -4 9 units 50 + 15% 24% Housing Opportunity Homeownership 2000 Hartford (n) Black White Hispanic Single family 6500 % Ownership 40% 43% 19% $93,000 Median House Value $91,200 $97,400 $92,000 Education • 41% of Hartford’s student enrollment is black. • Hartford’s 3rd, 4th, and 5th graders had the lowest proportion of students meeting goals for reading in the state in the 06-07 year. • The high school graduation rate for Hartford students 2006 was 76% compared to the state rate of 92%. • State Dept. of Education reports 38.7% of Hartford adults don’t have a high school diploma. Education Hartford Expenditures • Hartford’s 2007-08 budget includes $261MM for education. A total of 51% of its general fund budget The Challenge for Black Hartford • Access and commitment to wealth building strategies including: – Successful schools and education – Employment opportunities that are economically viable – Homeownership opportunities • Public policies and investment that support: – Educational infrastructure responsive to current and future student needs – Strategic economic development including small business development – Neighborhood revitalization • Private interest and investment that complement public purpose