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Affordable Housing in Whitefield: Analysis of LIHTC-Funded Project
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Whitefield, a New Hampshire locality, has a distinct Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city possesses 36 affordable housing units, all categorized as low-income units. These LIHTC-funded units represent approximately 2.7% of the city's estimated 1,333 housing units.
The LIHTC program has allocated $88,969 in project tax credits for affordable housing in Whitefield. This funding, associated with one project, averages $88,969 per project and $2,471 per unit. This allocation constitutes 0.18% of New Hampshire's total LIHTC distribution.
Whitefield's LIHTC-funded affordable housing is characterized by a single project, Highland House, completed in 2012. This development has provided affordable housing options to the community for over ten years. The Highland House project comprises 36 units, consisting of 33 one-bedroom and 3 two-bedroom apartments, indicating a focus on accommodating smaller households or individuals requiring affordable housing.
Demographic trends in Whitefield over the past decade reveal notable changes. The population has exhibited an overall increasing trend, growing from 3,064 in 2012 to 3,479 in 2022. Concurrently, the median income has risen from $46,757 in 2013 to $51,538 in 2022, suggesting an improvement in economic conditions.
The racial composition of Whitefield has remained relatively constant, with the white population consistently comprising over 90% of the total. Minor increases in diversity have been observed, with small percentages of Black, Hispanic, and multiracial residents recorded in recent years.
The completion of the Highland House project in 2012 coincides with a period of lower population and unavailable median income data. The subsequent population growth and income increases may indicate an ongoing demand for affordable housing options in the community.
Whitefield's LIHTC-funded affordable housing inventory, though limited in scale, contributes to addressing the community's housing needs. The Highland House project provides 36 low-income units, primarily one-bedroom apartments. While this represents a small fraction of the estimated housing stock, it offers a dedicated affordable housing option in a city that has experienced population growth and income increases over the past decade. Continued monitoring of demographic trends and housing needs will be essential for evaluating future affordable housing requirements in Whitefield.
