FOUGERE PLANNING & DEVELOPMENT, Inc.
Mark J. Fougere, AICP
253 Jennison Road Milford, New Hampshire 03055
Ph : 603-315-1288 email: Fougereplanning@comcast.net
FISCAL IMPACT ANALYSIS
The Charlotte
Nashua, NH
January 15, 2021
Introduction
Fougere Planning and Development has been engaged by the John J. Flatley
Company to undertake this Fiscal Impact Analysis to outline the potential
financial benefits to the City of Nashua from the proposal to construct a 294 unit
apartment complex that will include both a garden style building and townhomes
adjacent to the existing Tara Heights development (564 units). The project will
consist of one, five story building containing 266 units with parking located
underneath, along with a clubhouse & pool. In addition there will be 28
townhome two bedroom apartment units. Table One breakdown the bedroom
unit types. Additional onsite parking will also be provided. Based upon an
existing population in Tara Heights of 1.53 persons per unit, an estimated 450
people may reside within the new development. This project is expected to be
constructed over a period of two years. The project site consists of.
approximately 18.85 acres containing rolling hills and woodlands.
Table One
Apartment Unit Breakdown
Unit Type Number Units
Studios 57
One Bedroom 114
Two Bedroom 123
