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Affordable Housing in Dover: A Quarter-Century of LIHTC Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Dover, a city in New Hampshire, has a significant LIHTC-funded affordable housing inventory. The city's total LIHTC-funded affordable housing units amount to 745, with 648 of these specifically designated as low-income units. Based on the estimated 12,586 housing units in Dover, the LIHTC-funded affordable housing covers approximately 5.92% of the city's housing inventory.
Dover has received $2,954,234 in project tax credits through the LIHTC program. With 11 approximate projects, this translates to an average of $268,567 in federal funding per project. When considering the total units, the average federal funding per unit is $3,965. Dover holds 5.86% of New Hampshire's total LIHTC funding, indicating a substantial portion of the state's affordable housing efforts are concentrated in this city.
The first LIHTC project in Dover, Westgate Village, was completed in 1995, while the most recent, Bradley Commons Phase II, was finished in 2020. This 25-year span demonstrates a long-term commitment to affordable housing in the city. The 2010s saw the most affordable housing activity, with six projects completed during this decade, including Woodbury Mills, Mast Landing Units A and B, Whittier Falls, and both phases of Bradley Commons.
Dover's LIHTC-funded housing inventory includes a diverse mix of unit types: 1 efficiency, 193 one-bedroom, 239 two-bedroom, 119 three-bedroom, and 22 four-bedroom units. This variety caters to different household sizes and needs within the low-income population.
Over the past decade, Dover's population has steadily increased from 29,689 in 2010 to 32,849 in 2022. This 10.6% growth may have contributed to the need for additional affordable housing units, as evidenced by the multiple LIHTC projects completed during this period. The median income in Dover has also risen significantly, from $71,383 in 2013 to $83,497 in 2022. Despite this increase, the continued development of affordable housing suggests an ongoing need for low-income units, potentially due to income inequality or rising housing costs.
Racial demographics in Dover have remained relatively stable, with a slight decrease in the white population from 91% in 2013 to 87% in 2022, and small increases in Asian, Hispanic, and multi-racial populations. This gradual diversification may influence the types of affordable housing needed in the community.
Dover's LIHTC-funded affordable housing inventory represents a significant portion of the city's housing stock, with 745 total units and 648 low-income units. The city has consistently developed affordable housing projects over the past 25 years, with the most activity occurring in the 2010s. Despite rising median incomes, the continued investment in LIHTC projects suggests an ongoing need for affordable housing in Dover. The diverse mix of unit types indicates an effort to accommodate various household sizes within the low-income population. As the city continues to grow and diversify, monitoring and addressing affordable housing needs will likely remain a priority.
