Q-22-017
ORDINANCE
ESTABLISHING A HOUSING TRUST FUND COMMITTEE
CITY OF NASHUA
In the Year Two Thousand and Twenty Two
WHEREAS, the City completed a city-wide Housing Study in the fall of 2021 which made the
following findings:
1. The city is expected to grow its population and employment base and the existing
housing stock will not accommodate this growth.
2. Housing prices (sales and rentals) are outpacing what most Nashua residents can afford.
3. Making affordable housing available in more locations across the City would provide
more housing choice for the City’s most vulnerable residents. Providing affordable
housing in more locations throughout the City would improve housing choices for the
City’s most vulnerable residents.
4. The City must employ strategies that improve the quality of the housing stock and
encourage a mix of new market-rate and affordable housing to improve quality of life for
all residents in the community.
5. The City will need additional resources to address the housing opportunities and
challenges ahead.
WHEREAS, the Housing Study recommended the establishment of a Housing Trust Fund and a
committee to make recommendations to the Mayor; and
WHEREAS, the City established a Housing Trust Fund under R-21-118 on April 13, 2021.
NOW THEREFORE, The City of Nashua ordains that Part ] “Administrative Legislation”,
Chapter 12 “Boards, Committees and Commissions” of the Nashua Revised Ordinances, as
amended, is hereby further amended by adding the following new underlined article:
