Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Straw/Smyth neighborhood in Manchester, New Hampshire, features a small but established presence of affordable housing funded by the Low-Income Housing Tax Credit (LIHTC) program. This area contains 49 affordable housing units, all categorized as low-income. Based on the 2022 population of 11,649 and using the national average household size, the neighborhood is estimated to have approximately 4,463 housing units. The LIHTC funded affordable housing comprises about 1.1% of the estimated housing inventory, indicating a limited but existing affordable housing stock in the area.
Affordable housing has been a component of the Straw/Smyth neighborhood for nearly three decades. The initial LIHTC project, Pearl Street School, was completed in 1993, while the most recent project, Gole Home, was finished in 2004. This pattern suggests a consistent, though limited, effort to provide affordable housing options in the area over time.
The LIHTC funded projects in this neighborhood primarily consist of one-bedroom units, with 35 such units available. There are also 2 two-bedroom units. This distribution indicates a focus on housing for smaller households or individuals.
The Straw/Smyth neighborhood has experienced demographic changes over the past decade. The population increased slightly from 11,074 in 2014 to 11,649 in 2022. Median income fluctuated, rising from $75,523 in 2014 to $74,529 in 2022, with variations in between.
The racial composition of the neighborhood has evolved. The white population decreased from 86% in 2014 to 82% in 2022, while there were slight increases in Asian, Black, and Hispanic populations. The percentage of residents identifying as two or more races grew from 1% to 4% during this period.
These demographic shifts, particularly the slight population increase and racial diversification, may indicate a growing need for diverse housing options, including affordable housing. However, the relatively stable median income might explain the lack of new LIHTC projects in recent years.
The Straw/Smyth neighborhood in Manchester, New Hampshire, maintains a small but established affordable housing presence through the LIHTC program. With 49 low-income units, representing about 1.1% of the estimated housing inventory, the neighborhood has sustained a consistent, though limited, affordable housing stock since the early 1990s. The housing units are primarily one-bedroom, suggesting a focus on smaller households. While the neighborhood has experienced some demographic changes in the past decade, including slight population growth and increased racial diversity, the absence of recent LIHTC projects may be attributed to the relatively stable median income. This analysis provides an overview of the affordable housing landscape in Straw/Smyth, highlighting the long-standing presence of LIHTC funded housing and the potential for future considerations in light of evolving demographics.