Primary Season State Profile: New Hampshire

Published by Peter Lawrence on Tuesday, February 9, 2016 - 12:00am

New Hampshire lost 35,000 jobs during the Great Recession and in April 2014 still had 1.5 percent fewer jobs than it did in December 2007, according to research conducted by the New Hampshire Housing Finance Authority (NHHFA). Two-thirds of the jobs created post-recession pay below average wages.

NHHFA also reports that New Hampshire’s rental market has grown less affordable in recent years. In 2014, the agency found that rents for all units had increased by 9.7 percent since 2006, with the gross median rent for the state at $1,018 per month, including utilities. Incomes for renters have not risen as quickly as rental prices, resulting in nearly half of renters in the state are paying more than 30 percent of their income on rent.

Politics

  • Presidential Primary: Feb. 9, 2016
  • Number of delegates: 23 Republican/32 Democratic
  • Allocation method: Proportional based on statewide results
  • 4 electoral votes
  • 2012 Results: Barack Obama won New Hampshire by 52 percent to 46 percent over Mitt Romney.

Tax Credit Usage in New Hampshire

NHHFA approved nearly $34 million in federal low-income housing tax credits (LIHTCs) for six affordable rental housing developments building or rehabilitating 268 rental homes. To understand New Hampshire’s LIHTC priorities, check out the state’s qualified allocation plan (QAP). As of 2013, NHHFA has allocated more than $65 million in LIHTCs helping to finance nearly 200 developments since 1987. The National Council of State Housing Agencies reports that 62 percent of LIHTC units in New Hampshire are for elderly occupants. Ten of the 12 projects receiving historic tax credits (HTCs) had housing as a component of the development in New Hampshire.

Blog Graph Snapshot: LIHTC Properties and Poverty Rates in New Hampshire
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The LIHTC, new markets tax credit (NMTC) and HTC have combined to assist in the creation or rehabilitation of thousands of properties and the addition of more than 10,000 jobs in New Hampshire. For other economic benefits the credits have created in the state, see the table below.

Blog Graph LIHTC, NMTC and HTC Use in New Hampshire
Click to Enlarge

Renewable Energy Landscape

The 10 MW of solar energy currently installed in New Hampshire ranks the state 35th in the country in installed solar capacity. The Solar Energy Industries Association reports that there are currently more than 70 solar companies at work in New Hampshire, employing 600 people. There is 85 MW of installed wind capacity in New Hampshire, placing it in 31st place among all states. The American Wind Energy Association reports the state boasts a strong wind manufacturing base, with at least eight manufacturing facilities producing components for the wind industry.