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  2. Board Of Aldermen - Minutes - 4/8/2021 - P11

Board Of Aldermen - Minutes - 4/8/2021 - P11

By dnadmin on Mon, 11/07/2022 - 07:04
Document Date
Thu, 04/08/2021 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Thu, 04/08/2021 - 00:00
Page Number
11
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__040820…

Accommodating Future Growth

2030 Projections if 2018 Household

Composition Held Constant
Source: EMSI, ACS 2013, 2018, RKG Associates

HH Size

1-person
2-person
3-person
4-person
5-or-more person
Total

HHs

1,446
1,648
723
604
348
4,769

% of Total

30.3%
34.6%
15.2%
12.7%
7.3%
100%

2030 Projections if Trends Continued
Based on Changes from 2013-2018

Source: EMSI, ACS 2013, 2018, RKG Associates

HH Size HHs
1-person 1,710
2-person 3,148
3-person -329
4-person 199

5-or-more person 42
Total 4,769

% of Total

35.9%
66.0%
-6.9%
4.2%
0.9%
100%

If current breakdown of owner and renter households continues, City will need a mix of

ownership and rental housing

If recent trends continue, City will need to focus more on the creation of rental housing
and smaller units

Given low vacancy rates in both owner and renter markets, there is room for growth in

both segments

City must also consider a percentage of new employees will want to live in Nashua as

well

ASSOCIATES INC

Page Image
Board Of Aldermen - Minutes - 4/8/2021 - P11

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