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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 03249 in Laconia, New Hampshire, contains 48 total units in Low-Income Housing Tax Credit (LIHTC) funded projects, with 46 designated as low-income units. Based on the 2022 population of 7,566 and an estimated 2,899 housing units, LIHTC funded affordable housing comprises approximately 1.66% of the zip code's estimated housing inventory.
LIHTC projects in zip code 03249 have received $537,033 in tax credits, averaging about $11,188 per unit. This funding represents 1.07% of New Hampshire's total LIHTC allocation, indicating a moderate investment in affordable housing for this area.
Affordable housing has been present in zip code 03249 since at least 2006, with the completion of Gilford Village Knoll II. The most recent project, Gliford Village Knolls III, was completed in 2018, demonstrating a 12-year span of LIHTC development in the area. The 2010s saw the most affordable housing activity, with Gliford Village Knolls III adding 24 units, all of which are one-bedroom apartments.
Over the past decade, the population in zip code 03249 has grown from 6,992 in 2013 to 7,566 in 2022, an increase of about 8.2%. During this period, the median income rose from $70,218 in 2013 to $91,730 in 2022, a 30.6% increase. The racial composition has remained predominantly white, though there has been a slight increase in diversity, with the Asian population growing from less than 1% to 4% by 2022.
The completion of Gliford Village Knolls III in 2018 aligns with a period of population growth and rising median income, suggesting a response to increased housing demand and potentially changing demographics in the area.
Zip code 03249 in Laconia, New Hampshire, has a small but significant LIHTC funded affordable housing presence, covering about 1.66% of the estimated housing inventory. The area has seen steady investment in affordable housing over more than a decade, with projects adapting to changing demographics and economic conditions. The percentage of affordable housing is relatively low compared to estimated needs, but it represents a consistent effort to provide low-income housing options in a community experiencing population growth and rising median incomes.