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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
South Hooksett, New Hampshire, has a population of 7,442 as of 2022. The city has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing 16 low-income units. Based on the estimated housing inventory of 2,851 units, the LIHTC-funded affordable housing covers 0.56% of the city's housing stock.
The LIHTC program has contributed $84,974 in tax credits to South Hooksett for affordable housing development. This translates to an average federal funding of $84,974 per project and $5,311 per unit. South Hooksett holds 0.17% of the total state LIHTC funding, indicating a small share of New Hampshire's affordable housing resources.
The sole LIHTC-funded project in South Hooksett is Mallard Place, completed in 2011. This project marks the beginning of LIHTC-funded affordable housing in the city and has been providing low-income housing options for over a decade. Mallard Place consists of 16 units, evenly distributed between two-bedroom and three-bedroom apartments, with 8 units of each type.
Over the past decade, South Hooksett has experienced demographic shifts. The population has remained relatively stable, with a slight decrease from 8,761 in 2015 to 7,442 in 2022. Despite this population change, the median income has shown a steady increase, rising from $94,156 in 2015 to $103,736 in 2022.
The racial composition of South Hooksett has become slightly more diverse over the past decade. While the white population remains the majority, it has decreased from 94% in 2013 to 87% in 2022. There has been a small increase in Asian, Black, and multiracial populations, each growing to about 3% of the total population by 2022. The completion of Mallard Place in 2011 predates these demographic shifts, suggesting that the project was developed in response to earlier affordable housing needs in the community.
South Hooksett's LIHTC-funded affordable housing inventory consists of a single project, Mallard Place, providing 16 low-income units. While this represents a small portion of the city's estimated housing stock, it has been a consistent source of affordable housing for over a decade. The city has experienced moderate demographic changes since the project's completion, including a slight population decrease, increasing median income, and growing racial diversity. These trends may influence future affordable housing needs and development in South Hooksett.