Cedar Beech and the two Elm Street properties make up 92 units of mixed-income, mixed-race multifamily housing in Manchester, New Hampshire. Almost half of the residents have incomes below 30 percent of area median income, while a quarter have incomes between 51 and 80 percent of median and a small number (8 percent) have incomes above 80 percent of area median income.
The properties were developed and are owned by Manchester Neighborhood Housing Services (MNHS) as part of that non-profit organization's mission to stabilize and revitalize city neighborhoods and to provide affordable housing. Cedar Beech was redeveloped and placed in service as a Low Income Housing Tax Credit (LIHTC) and HOME property in 1994. The properties on Elm Street were placed in service in 2001 with subsidies from LIHTC, HOME, and the Federal Home Loan Bank of Boston's Affordable Housing Program.