Penacook Landing

33 Canal Street, Concord, New Hampshire 03303

Contact Penacook Landing

Penacook Landing is a two-phase affordable housing community in the historic Penacook section of Concord New Hampshire. It is located on the banks of the Contoocook River. A city park is being planned for the area. Penacook Landing is new construction; the first phase opens in September of 2020 with 34 units.

Penacook Landing is within walking distance of shops, churches and other amenities. The Caleb Group provides service coordination at Penacook Landing.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Call for Price
1 Bedroom ( Handicapped-Accessible) (1/1)	-	Call for Price
2 Bedroom (2/1)	-	Call for Price
2 Bedroom (Handicapped-Accessible) (2/1)	-	Call for Price

Eligibility for Penacook Landing

Penacook Landing Details

31 one and two bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Section 811 Supportive Housing for Persons with Disabilities
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Community Room
On-Site Parking
On-Site Laundry

Unit Amenities

Heat and Hot Water Included

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Section 811 Supportive Housing for Persons with Disabilities

Since this property was built or renovated using funding from HUD's current Section 811 Supportive Housing for Persons with Disabilities program or legacy Section 202 program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one adult member with a disability. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

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.