Issues and Opportunities
Downtown Nashua
Rehab Parcel Map
HOUSING REHAB DOLLARS COULD BE
FOCUSED ON THE DOWNTOWN AREA.
GOED Rehab Potential
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Under the assumption that 125 properties | & = i \
across the city would qualify for funding, RKG | Uf | “ef aekagt 2S ¥ Ce | a te A a= tie a ee
mapped the location of those properties and oo \T \
found that 106 (85%) fell within the Block {
Groups of the Downtown area. This is not i
surprising given the age of structures in the Vesey A Q — SS! . \
Downtown area and the corresponding ) | Park Aa | gu YM = oy bee hee __P Temple St \> 1 4
™ ~~ ~Canalist te
assessed values.
If the City were to focus rehab efforts on the
Downtown, it could help with property
stabilization and increase the safety and quality
of housing for residents. If we assume $10,000
in rehab funding per Downtown structure (106
in total), a $1.06M investment could go a long
way to helping improve Downtown housing.
Given the propensity of properties to be renter-
occupied, the HIP funding qualifications may
need to be adjusted to apply to investor-owned
properties as well.
The City’s continued efforts around lead
abatement can also be part of the rehabilitation
of older units as it is typical for older units to
contain lead paint that requires abatement.
Several of the City's target Census Tracts for
lead abatement align with the Downtown area.
ASSOCIATES INC
Nashua Housing Study - 53
