ORDINANCE Q-21-073
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Location: “Citywide” refers to projects in any location in the City of Nashua other
than Downtown. “Downtown” refers to projects located in the Downtown.
IZ Required: This column indicates whether a housing development of a specific
unit count in a specific location is required to include below-market affordable units
as per this ordinance.
Total Percent Required: This column indicates the percentage of the total number
of units that are required to meet Tier 1 and Tier 2 Target AMI levels as outlined in
the next two columns.
Tier 1 Target AMI: This column indicates a percentage of the total number of units
that must be affordable at or below a specific target AMI.
Tier 2 Target AMI: This column indicates a percentage of the total number of units
that must be affordable at or below a second specific target AMI.
Payment in Lieu for Partial Units: This column indicates whether partial units from
the Total Percent Required and Tier 1 and Tier 2 AMI levels can be met with a
payment into the Housing Trust Fund (R-21-118 as amended.)
Payment in Lieu for All Units: This column indicates whether a developer has the
option of meeting its requirements under this ordinance in full through payment to
the Housing Trust Fund in lieu of providing units on-site into the Housing Trust
Fund (R-21-118 as amended.) If this column says “No,” the developer shall not
make payments in lieu of any whole unit calculated under the Tier 1 and Tier 2
requirements and must provide those full units.
Payment in Lieu Value: This column indicates the fee in lieu amount per full unit.
That amount is prorated for partial units proportionately.
Bonus Density Ratio: This column indicates an additional number of market rate
units that may be provided in a housing development in return for providing
required affordable units on- site. This bonus does not apply for fractional units or
full units for which a developer makes a payment in lieu, or for units provided off-
site. For more details see E. below.
In cases of conflict between Table 48-1 and this section, the language in the table shall
prevail.
(1)
Term, Location and Size of Affordable Units.
The intent of this ordinance is to ensure that affordable units created under its
requirements be affordable for a period of ninety-nine (99) years. The developer
must make a binding commitment that such units will remain affordable for the
longest time periods permissible by federal and state law. Affordability of the units
for the required terms shall be controlled through a deed restriction, restrictive
covenant, or CDHO approved by CDD, that will provide details on how to ensure
households are below income maximums; resale of units is limited to prices
