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Board Of Aldermen - Minutes - 10/27/2020 - P36

By dnadmin on Sun, 11/06/2022 - 22:56
Document Date
Tue, 10/27/2020 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Tue, 10/27/2020 - 00:00
Page Number
36
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__102720…

Financial Resources of Homebuyers and Renters ASSOCIATES NC

Supply and Demand for Affordable Homeownership Units, City of Nashua

Source: HUD 2020, ACS 2018

THERE ARE MORE POTENTIAL BUYERS IN HIGHER INCOME 10,000
BRACKETS THAN THERE ARE HOUSING UNITS THAT MATCH 3.956
9,000
THEIR PRICE POINTS.
For households earning at or below 30% of AMI, 8.000
there are 769 more households than there are .
housing units 6,997
7,000
¢ There is a deficit of 990 units for households above
100% AMI ae 00°
5
¢ This indicates a potential market for new higher 2 5,000 4,661
priced housing that could ease the competition for 2 4,408
moderate income units. * 4,000
3,405
3,000 2.539
2,245
2000 “ter 1,882
1,240
1,000 589 560
, a
30% AMI 50% AMI 80% AMI 100% AMI 120% AMI — Above 120% AMI

mw Owner Households Units Affordable at AMI

Page Image
Board Of Aldermen - Minutes - 10/27/2020 - P36

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