Loading Content...
East Merrimack: Integrating Affordable Housing through LIHTC
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
East Merrimack, New Hampshire, has a population of 5,946 as of 2022. The city contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing 45 affordable units, all designated as low-income. Based on an estimated housing inventory of 2,278 units, LIHTC-funded affordable housing comprises approximately 2% of the city's housing stock.
The city has received $800,000 in project tax credits from the LIHTC program for affordable housing. This equates to an average federal funding of $800,000 per project and $17,778 per unit. East Merrimack accounts for 1.59% of the total state funding for LIHTC projects in New Hampshire.
The sole LIHTC-funded project in East Merrimack is Merrimack Townhomes, completed in 2020. This project initiated LIHTC-funded affordable housing in the city. The 2020s represent the decade with the most affordable housing projects completed, with one project.
Merrimack Townhomes consists of 45 units, including 31 two-bedroom units and 14 three-bedroom units. This distribution indicates a focus on accommodating families or households requiring multiple bedrooms.
Over the past decade, East Merrimack has experienced modest population growth, increasing from 5,239 in 2013 to 5,946 in 2022. The median income has shown some fluctuation but generally remained stable, ranging from $80,544 in 2013 to $84,871 in 2022.
Racial demographics have shifted slightly, with the white population decreasing from 93% in 2013 to 85% in 2022. There has been a notable increase in the Asian population, rising from 0% in 2013 to 10% in 2022. The Hispanic population has remained relatively constant at around 2%.
The introduction of the LIHTC-funded project in 2020 coincides with a period of population growth and racial diversification in the city. This may reflect an effort to address changing housing needs in the community.
East Merrimack's affordable housing landscape is characterized by a single LIHTC-funded project, Merrimack Townhomes, completed in 2020. This project provides 45 low-income units, primarily consisting of two- and three-bedroom apartments. The LIHTC-funded housing covers a small percentage of the city's estimated housing stock. The demographic trends over the past decade, including population growth and increasing diversity, may have influenced the decision to introduce LIHTC-funded housing in the area.
