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Affordable Housing Dynamics in Manchester's North of Bridge Neighborhood: A Decade of LIHTC Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The North of Bridge neighborhood in Manchester, New Hampshire, contains a significant amount of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area has 85 total units in LIHTC funded projects, with 67 designated as low-income units. Based on the 2022 population of 1,901 and using the national average household size, the neighborhood is estimated to have approximately 728 housing units. LIHTC funded affordable housing comprises about 11.7% of the estimated housing inventory, making a substantial contribution to the area's affordable housing stock.
LIHTC funded affordable housing development in the neighborhood spans over a decade. The earliest project, Brook & Canal, was completed in 1995, while the most recent project, Straw Mansion, was finished in 2005. This indicates a sustained effort to provide affordable housing in the area. The early 2000s were the most active period for LIHTC development in this neighborhood, with two projects (Elm St 1 and Renaissance Mm) completed in 2001.
The LIHTC projects in the neighborhood offer a mix of unit types, including 17 one-bedroom units, 46 two-bedroom units, and 22 three-bedroom units. This distribution suggests an effort to accommodate diverse household sizes, with an emphasis on small to medium-sized families.
Over the past decade, the neighborhood has experienced demographic shifts that may correlate with its affordable housing landscape. The population has remained relatively stable, fluctuating between approximately 1,600 and 2,000 residents. However, median income has shown volatility, decreasing from $56,626 in 2013 to $50,233 in 2022, potentially indicating an ongoing need for affordable housing options.
Racial demographics in the neighborhood have changed significantly. The white population decreased from 80% in 2013 to 53% in 2022, while the Black population increased from 13% to 24% during the same period. The Asian population grew from 1% to 8%, and the Hispanic population increased from 2% to 11%. This increasing diversity may suggest changing housing needs and could influence future affordable housing developments.
The North of Bridge neighborhood in Manchester, New Hampshire, demonstrates a consistent commitment to affordable housing through its LIHTC funded projects. These developments, spanning from 1995 to 2005, provide a significant portion of the area's estimated housing inventory. The mix of unit types suggests an effort to accommodate various household sizes. While no new LIHTC projects have been recorded in the last decade, demographic shifts, including decreasing median income and increasing racial diversity, may indicate an ongoing or growing need for affordable housing options in this neighborhood. These trends could inform future housing policy and development decisions in the area.
