Loading Content...
Affordable Housing in Portsmouth's 03801 Zip Code: LIHTC-Funded Inventory Analysis
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Portsmouth, New Hampshire's 03801 zip code contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This zip code area has 216 total units in LIHTC-funded projects, with 189 designated as low-income units. The LIHTC-funded affordable housing comprises approximately 2.44% of the estimated 8,845 housing units in the zip code.
The LIHTC projects in the 03801 zip code have received $1,373,777 in project tax credits, averaging about $6,360 per unit. This allocation represents 2.72% of New Hampshire's total LIHTC funding. Affordable housing has been present in this community for nearly three decades, with the earliest LIHTC project completed in 1995 and the most recent in 2011.
The inventory includes various unit types: 41 one-bedroom units, 11 two-bedroom units, 27 three-bedroom units, and 3 four-bedroom units. This distribution indicates an effort to accommodate different household sizes, from individuals to families.
The 03801 zip code has experienced steady population growth over the past decade, increasing from 21,981 in 2013 to 23,085 in 2022. Median income has also risen significantly, from $75,934 in 2013 to $86,662 in 2022, with a peak of $101,969 in 2021.
The racial composition has remained relatively stable, with a slight increase in diversity. The white population decreased from 89% in 2013 to 87% in 2022, while the Asian population increased from 3% to 4%. The Black population increased from 1% to 2% during this period.
The 03801 zip code in Portsmouth, NH, demonstrates a consistent commitment to affordable housing through its LIHTC-funded projects. These units provide crucial low-income housing options in an area experiencing population growth and rising median incomes. The diversity of unit types suggests an effort to meet varied housing needs within the community. As the area continues to evolve demographically and economically, maintaining and potentially expanding affordable housing options may remain an important consideration for community planners and policymakers.
