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  2. Board Of Aldermen - Minutes - 10/27/2020 - P37

Board Of Aldermen - Minutes - 10/27/2020 - P37

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
37
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__102720…

Financial Resources of Homebuyers and Renters

THE MARKET FOR AFFORDABLE RENTAL UNITS IS

TIGHT AT THE LOW END OF THE INCOME SPECTURM.

For households at or below 30% of AMI,
there are 2,943 more households than
available affordably priced units

The gap between demand and supply for
households above 100% AMI is 3,168 units

The lack of higher priced rental units in
Nashua puts downward pressure on the
supply of housing priced for lower income
households

7,000

6,000

5,000

4,000

3,000

Housing Units

2,000

1,000

ASSOCIATES INC

Affordable Rental Supply and Demand, City of Nashua

Source: HUD 2020, ACS 2018, RKG Associates

6,276
5,280 5,334
3,221
3,017
2,517
2,337 2278 2,408
218 157
19
=
30% AMI 50% AMI 80% AMI 100% AMI 120% AMI Above 120%
AMI

mg Renter Households Units Affordable at AMI

Page Image
Board Of Aldermen - Minutes - 10/27/2020 - P37

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