About This Property
Laconia Neighborhood Initiative offers 19 low-income residential units in Hill, NH, with a mix of one-, two-, three-, and four-bedroom floor plans to accommodate households of varying sizes. The property has been in service since 2001 and is owned and operated by a non-profit organization. The unit breakdown includes 5 one-bedroom, 9 two-bedroom, 2 three-bedroom, and 3 four-bedroom apartments.
Property Details
Fair Market Rent - Merrimack County, NH
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $972 |
| 1 Bedroom | $1,086 |
| 2 Bedroom | $1,427 |
| 3 Bedroom | $1,877 |
| 4 Bedroom | $1,900 |
Income Limits - Merrimack County, NH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,700
- Very Low (50%)
- $32,800
- Low (80%)
- $52,450
- Extremely Low (30%)
- $22,500
- Very Low (50%)
- $37,450
- Low (80%)
- $59,950
- Extremely Low (30%)
- $25,300
- Very Low (50%)
- $42,150
- Low (80%)
- $67,450
- Extremely Low (30%)
- $28,100
- Very Low (50%)
- $46,800
- Low (80%)
- $74,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $50,550
- Low (80%)
- $80,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $54,300
- Low (80%)
- $86,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $58,050
- Low (80%)
- $92,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $61,800
- Low (80%)
- $98,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,700 | $32,800 | $52,450 |
| 2 Persons | $22,500 | $37,450 | $59,950 |
| 3 Persons | $25,300 | $42,150 | $67,450 |
| 4 Persons | $28,100 | $46,800 | $74,900 |
| 5 Persons | $31,040 | $50,550 | $80,900 |
| 6 Persons | $35,580 | $54,300 | $86,900 |
| 7 Persons | $40,120 | $58,050 | $92,900 |
| 8 Persons | $44,660 | $61,800 | $98,900 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Hill, NH?+
The Fair Market Rent (FMR) for Merrimack County, NH is: $972 (Studio), $1086 (1BR), $1427 (2BR), $1877 (3BR), $1900 (4BR). Actual rent at subsidized properties like Laconia Neighborhood Initiative is typically 30% of household income or less.
What size apartments are available at Laconia Neighborhood Initiative?+
Laconia Neighborhood Initiative offers the following unit types: 5 One-Bedroom, 9 Two-Bedroom, 2 Three-Bedroom, 3 Four-Bedroom units, for a total of 19 units.
What is the price range for apartments in Hill, NH?+
Based on Fair Market Rent for Merrimack County, the estimated price range is: 1-bedroom: $1086, 2-bedroom: $1427, 3-bedroom: $1877. Actual rent at Laconia Neighborhood Initiative may be lower for income-eligible households.
Who manages Laconia Neighborhood Initiative?+
Laconia Neighborhood Initiative is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Merrimack County, NH?+
For a 4-person household in Merrimack County, NH, the income limits are: Extremely Low Income (30% AMI): $28,100, Very Low Income (50% AMI): $46,800, Low Income (80% AMI): $74,900. These limits are set by HUD and updated annually.
How do I apply for housing at Laconia Neighborhood Initiative?+
Laconia Neighborhood Initiative is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Contact Information
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