Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 03242, located in Henniker, New Hampshire, is a rural area with a population of 6,079 as of 2022. The Low-Income Housing Tax Credit (LIHTC) program has funded affordable housing in this zip code, with a total of 4 affordable units, all of which are designated as low-income units. Based on the estimated housing inventory of 2,329 units, the LIHTC-funded affordable housing covers approximately 0.17% of the zip code's housing stock.
The LIHTC program has invested $113,943 in tax credits for affordable housing projects in this zip code. This translates to an average federal funding of $28,486 per unit. This funding represents 0.23% of the total LIHTC credits allocated to the state of New Hampshire.
The only LIHTC-funded project in this zip code is Rush Square, completed in 2012. This project consists of 4 one-bedroom units, all of which are designated as low-income housing. The presence of only one-bedroom units suggests that this project may cater to single individuals or small households.
Over the past decade, the population of zip code 03242 has grown steadily, increasing from 4,819 in 2013 to 6,079 in 2022. This represents a population growth of about 26% during this period. The median income has fluctuated but generally increased, rising from $70,024 in 2013 to $83,526 in 2022, an increase of approximately 19%.
The racial composition of the zip code has remained relatively stable, with a slight decrease in the white population from 96% in 2013 to 93% in 2022. There has been a small increase in diversity, with the Hispanic population growing from 2% to 5% during this period.
Despite the population growth and income increase, there has not been any additional LIHTC-funded affordable housing development since 2012. This could be due to various factors, including changes in local housing policies, availability of funding, or shifts in housing needs that may be addressed through other programs.
Zip code 03242 in Henniker, New Hampshire, has a single LIHTC-funded affordable housing project, Rush Square, which provides 4 low-income units. This represents a small fraction (0.17%) of the estimated housing inventory in the area. The zip code has experienced significant population growth and a moderate increase in median income over the past decade. While the racial composition remains predominantly white, there has been a slight increase in diversity, particularly in the Hispanic population. The lack of additional LIHTC projects since 2012, despite demographic changes, suggests that other factors or programs may be influencing the affordable housing landscape in this area.