Affordable Housing Analysis: Zip Code 03440 in Antrim, New Hampshire
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
DATA SOURCE
Zip code 03440 in Antrim, New Hampshire, encompasses a population of 2,644 as of 2022, distributed across 36.54 square miles. The Low-Income Housing Tax Credit (LIHTC) program has funded one affordable housing project in this area, resulting in 4 low-income units. Based on the estimated housing inventory of approximately 1,013 units, LIHTC-funded affordable housing comprises about 0.39% of the zip code's housing stock.
The LIHTC program has allocated $106,050 in tax credits for affordable housing in zip code 03440. This investment equates to an average federal funding of $26,512.50 per unit. The allocation represents 0.21% of New Hampshire's total LIHTC funding.
Antrim Village, completed in 2016, is the sole LIHTC-funded project in zip code 03440. This development marked the introduction of LIHTC-funded affordable housing in the area. Antrim Village consists of 4 one-bedroom units, all designated as low-income housing.
The population in zip code 03440 has remained relatively stable over the past decade, increasing slightly from 2,621 in 2013 to 2,644 in 2022. The median income has shown a positive trend, rising from $63,113 in 2013 to $72,258 in 2022, indicating a gradual improvement in economic conditions.
The racial composition of zip code 03440 has remained predominantly white, consistently accounting for about 97% of the population throughout the decade. Hispanic representation has increased marginally, from 1% in 2013 to 2% in 2022, suggesting a minor shift in diversity.
The completion of Antrim Village in 2016 coincided with a period of relative economic stability in the area. The steady population and increasing median income may have influenced the decision to develop affordable housing to maintain a diverse housing stock in the face of rising incomes.
Zip code 03440 in Antrim, New Hampshire, has a modest LIHTC-funded affordable housing presence, with one project providing 4 low-income units. This represents a small fraction of the estimated housing inventory, but marks a step in addressing affordable housing needs in the area. The investment of $106,050 in tax credits demonstrates a commitment to creating affordable options, albeit on a limited scale. The area's stable population and increasing median income over the past decade provide context for the timing of this affordable housing development. Ongoing assessment of affordable housing needs will be crucial to ensure a balanced housing market for all residents.
