Financial Feasibility Analysis
PREVIOUS FINDINGS
GROWTH
The City is expected to continue to grow its
population and employment base. Today’s
housing stock will not accommodate this growth.
How and where does the City want to grow
should be a key consideration in the upcoming
Master Plan.
AFFORDABILITY
Housing prices (sales and rents) are outpacing
what most Nashua residents can afford. This
means households having to pay more than they
should to live in the City. How does Nashua
preserve its existing affordable housing stock
while encouraging more to be built city-wide?
MINIMIZE DISPLACEMENT
Housing prices and incomes are rising rapidly in Nashua
creating immense pressure on the lowest income
households to keep up or move out. The displacement of
those households may result in less racial and economic
diversity in some neighborhoods and push those
households further from the jobs and services they
depend on. Increasing price diversity in more locations
across the City would provide more housing choice for the
City’s most vulnerable residents.
ASSOCIATES INC
DOWNTOWN
Downtown Nashua offers tremendous
opportunity to add more housing, but also the
greatest threats for impacting lower-income
residents. The City must employ strategies that
improve the quality of the housing stock and
encourage a mix of new market rate and
affordable housing to improve quality life for all
residents in the Downtown area. Additional
households in Downtown will also provide more
spending power which will benefit local
businesses too.
LEVERAGING RESOURCES
The City will need additional resources to
address the housing opportunities and challenges
ahead. Seeking partners who can help with
housing issues will add knowledge, capacity, and
funding resources to match the City’s current
efforts. The City should capitalize on strategic
partnerships with non-profits, housing agencies,
banks, and employers.
