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  2. Board Of Aldermen - Minutes - 9/28/2021 - P36

Board Of Aldermen - Minutes - 9/28/2021 - P36

By dnadmin on Mon, 11/07/2022 - 07:08
Document Date
Tue, 09/28/2021 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Tue, 09/28/2021 - 00:00
Page Number
36
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__092820…

Financial Feasibility Analysis
PREVIOUS FINDINGS

THERE ARE MORE POTENTIAL BUYERS
IN HIGHER INCOME BRACKETS THAN
THERE ARE HOUSING UNITS THAT
MATCH THEIR PRICE POINTS

¢ For households earning at or below 30% of
AMI, there are 769 more households than
there are housing units

¢ There is a deficit of 990 units for
households above 100% AMI

¢ This indicates a potential market for new
higher priced housing that could ease the
competition for moderate income units.

Housing Units

ASSOCIATES INC

Supply and Demand for Affordable Homeownership Units, City of Nashua

10,000

9,000

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

0

Source: HUD 2020, ACS 2018

6,997
4,661
3,405
2,539
2,245
1,240
589 560
30% AMI 50% AMI 80% AMI 100% AMI 120% AMI

@ Owner Households Units Affordable at AMI

8,956

4,403

Above 120%
AMI

Page Image
Board Of Aldermen - Minutes - 9/28/2021 - P36

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