FIVE KEY CONSIDERATIONS FOR NASHUA & HOUSING
Nashua Housing Study - 4
GROWTH
The City is expected to continue to grow its
population and employment base. Today’s housing
stock will not accommodate this growth. How and
where does the City want to grow should be a key
consideration in the upcoming Master Plan.
AFFORDABILITY
Housing prices (sales and rents) are outpacing
what most Nashua residents can afford. This
means households having to pay more than they
should to live in the City. How does Nashua
preserve its existing affordable housing stock
while encouraging more to be built city-wide?
MINIMIZE DISPLACEMENT
Housing prices and incomes are rising rapidly in Nashua
creating immense pressure on the lowest income
households to keep up or move out. The displacement of
those households may result in less racial and economic
diversity in some neighborhoods and push those
households further from the jobs and services they depend
on. Making affordable housing available in more locations
across the City would provide more housing choice for the
City’s most vulnerable residents.
DOWNTOWN
Downtown Nashua offers tremendous opportunity
to add more housing, but also the greatest threats
for impacting lower-income residents. 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 life for all residents in the Downtown area.
Additional households in Downtown will also
provide more spending power which will benefit
local businesses too.
LEVERAGING RESOURCES
The City will need additional resources to address
the housing opportunities and challenges ahead.
Seeking partners who can help with housing issues
will add knowledge, capacity, and funding resources
to match the City’s current efforts. The City should
capitalize on strategic partnerships with non-profits,
housing agencies, banks, and employers.
ASSOCIATES INC
