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  2. Board Of Aldermen - Agenda - 10/27/2020 - P49

Board Of Aldermen - Agenda - 10/27/2020 - P49

By dnadmin on Sun, 11/06/2022 - 22:54
Document Date
Fri, 10/23/2020 - 14:45
Meeting Description
Board Of Aldermen
Document Type
Agenda
Meeting Date
Tue, 10/27/2020 - 00:00
Page Number
49
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_a__102720…

Issues and Opportunities

Downtown Nashua Percent Renter Households, 2018 | source: acs 2018 % Renter Households
0% - 23%

RENTER HOUSEHOLDS ARE MORE ~~ 24% - 49%

PREVALENT DOWNTOWN THAN ‘| (fi. % , GED 50% - 74%
f v ne GED 75% - 95%

ELSEWHERE IN THE CITY.

As was noted earlier, the Downtown area has
the highest concentrations of renter
households of anywhere in the city. All but
six Block Groups have over 67% renter
households. There are six block groups along
the spines of Hollis Street and Main Street
that have over 85% renter households.

It is not atypical for downtown areas to have
much higher percentages of renter
households, and Nashua is no exception. The
important point is to recognize that some of
these Block Groups have some of the lowest
incomes in the city and investment in the
Downtown area could result in rising housing
prices which could inadvertently impact the
affordability of the area for these residents.
A balanced approach of investing in both
market rate and affordable housing solutions
could help to mitigate some of the
challenges these households face today and
into the future.

Nashua Housing Study - 46 ASSOCIATES INC

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Board Of Aldermen - Agenda - 10/27/2020 - P49

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