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Affordable Housing in Jaffrey: A Decade of LIHTC Implementation
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Jaffrey, a city in New Hampshire, has a total of 39 affordable housing units, with 12 designated as low-income units. These units are funded through the Low-Income Housing Tax Credit (LIHTC) program. Based on the 2022 population of 5,363 and an estimated 2,055 housing units, LIHTC-funded affordable housing comprises approximately 1.9% of the city's estimated housing inventory.
The city has received $403,388 in project tax credits through the LIHTC program. With two projects, this averages to about $201,694 per project. The average federal funding per unit is approximately $10,343. Jaffrey holds 0.8% of New Hampshire's total LIHTC funding.
Jaffrey's LIHTC-funded affordable housing history spans nearly a decade. The first project, Jaffrey Village Apartments, was completed in 1998, and the most recent, Jaffrey Mill Apartments, in 2007. The 2000s saw the most affordable housing development activity in the city.
The housing mix in LIHTC-funded projects includes 8 one-bedroom units, 28 two-bedroom units, and 3 three-bedroom units. This distribution indicates a focus on accommodating small families and individuals.
Over the past decade, Jaffrey's population has remained relatively stable, with a slight decrease from 5,452 in 2013 to 5,363 in 2022. The median income has shown some fluctuation, rising from $67,769 in 2013 to $67,266 in 2022, with variations in between.
The racial composition of Jaffrey has remained predominantly white, though there has been a slight increase in diversity. The percentage of white residents decreased from 98% in 2013 to 93% in 2022, with small increases in Asian, Hispanic, and multi-racial populations.
Jaffrey's LIHTC-funded affordable housing inventory contributes to the city's housing diversity. The two projects, completed in 1998 and 2007, represent a consistent effort to provide affordable housing options. The city's demographic trends, including a stable population and slight increase in diversity, align with the timing of these housing developments. While the LIHTC-funded units cover a small percentage of the estimated housing inventory, they play a role in addressing affordable housing needs in the community.
