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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Pinardville, New Hampshire, has a population of 8,335 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory consists of 25 total units, all designated as low-income units. Based on the estimated housing inventory of 3,193 units, the LIHTC funded affordable housing covers approximately 0.78% of the city's housing stock.
Pinardville has received $109,536 in project tax credits from the LIHTC program. With one project, this translates to an average federal funding of $109,536 per project and $4,381 per unit. The city holds 0.22% of the total state LIHTC funding.
The only LIHTC project in Pinardville is Abington Square, completed in 2010. This project marks the beginning of LIHTC-funded affordable housing in the city. The project consists of 25 units, including 6 two-bedroom and 19 three-bedroom units, providing a mix of housing options for families of different sizes.
Over the past decade, Pinardville's population has grown from 7,978 in 2014 to 8,335 in 2022, indicating a steady increase in residents. The median income has decreased from $81,906 in 2014 to $65,115 in 2022, suggesting a potential increase in the need for affordable housing options.
The racial composition of Pinardville has remained relatively stable, with a slight decrease in the white population from 95% in 2014 to 91% in 2022. There has been a small increase in diversity, with the Asian population growing to 2% and those identifying as two or more races increasing to 4% by 2022.
Pinardville's LIHTC-funded affordable housing inventory provides 25 low-income units to the community. The single project, Abington Square, completed in 2010, offers a mix of two and three-bedroom units. Despite the city's growing population, the declining median income over the past decade suggests an increased potential need for affordable housing options. The LIHTC program's contribution covers less than 1% of the estimated housing inventory, indicating that additional affordable housing initiatives may be necessary to meet the community's evolving needs.