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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 03451 in Hinsdale, New Hampshire, has a population of 4,007 as of 2022 and covers an area of 23.1 square miles. The Low-Income Housing Tax Credit (LIHTC) program has funded 25 affordable housing units in this zip code, all of which are designated as low-income units. Based on the estimated housing inventory of 1,535 units, the LIHTC-funded affordable housing covers approximately 1.63% of the zip code's housing stock.
The LIHTC program has supported two affordable housing projects in this zip code: Hinsdale School Apts and Hinsdale Family Housing. These projects were completed in 1997 and 1998, respectively, indicating that affordable housing has been present in the area for over two decades.
The inventory consists of 6 one-bedroom units, 3 two-bedroom units, 6 three-bedroom units, and 1 four-bedroom unit. This distribution suggests a focus on accommodating families of various sizes, with a particular emphasis on larger households.
Over the past decade, the population in this zip code has remained relatively stable, with a slight decrease from 4,052 in 2014 to 4,007 in 2022. The median income has shown some fluctuation, increasing from $50,512 in 2014 to $57,524 in 2022. This modest income growth may indicate an ongoing need for affordable housing options in the area.
The racial composition of the zip code has remained predominantly white, with a slight increase in diversity over the years. The percentage of white residents decreased slightly from 98% in 2014 to 96% in 2022, while the Hispanic population grew from 1% to 3% between 2015 and 2019, before settling at 1% in 2022. The presence of a small but growing minority population might suggest a need for culturally sensitive affordable housing options.
The LIHTC program has contributed to the affordable housing inventory in zip code 03451 through two projects completed in the late 1990s. These units represent a small percentage of the estimated housing stock. The stable population and modest income growth over the past decade suggest a continued need for affordable housing in the area. The slight increase in racial diversity might also indicate evolving housing needs for different demographic groups.