Elm Street Restoration I

1426 Elm St, Manchester, New Hampshire 03101

This reconstructed historic building is located just north of Downtown near Beech Street School and Hillside School. All apartments are large three bedroom with plenty of living area. Walking distance to nearby shops and downtown area. Laundry facilities on-site. Heat and Hot Water included in rent. Very affordable rental rates. Income limits do apply.

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Units

Unit (Bd/Ba) Ft2 Rent
3 Bedroom (3/1) - Income Based

Elm Street Restoration I Details

  • 40 3 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Heat Included
  • On-site Laundry

Unit Amenities

  • Water Included

Nearby Amenities

  • Near Schools

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Manchester Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Manchester but actual income limits may differ for units at Elm Street Restoration I.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $42,850 $49,000 $55,100 $61,200 $66,100 $71,000 $75,900 $80,800
Low Income (60%) $51,420 $58,800 $66,120 $73,440 $79,320 $85,200 $91,080 $96,960

Elm Street Restoration I is managed by Stewart Property Management.

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