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  2. Board Of Aldermen - Minutes - 12/21/2021 - P30

Board Of Aldermen - Minutes - 12/21/2021 - P30

By dnadmin on Mon, 11/07/2022 - 07:11
Document Date
Tue, 12/21/2021 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Tue, 12/21/2021 - 00:00
Page Number
30
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__122120…

Financial Feasibility Analysis
BACKGROUND

RKG performed housing market analysis for Nashua,
identifying housing needs /challenges

City’s existing inclusionary zoning (IZ) policy identified as
not meeting market needs

Recommendation to reconsider IZ policy to align with
market and financial realities, which would create more
affordable housing

The inclusionary Zoning concept was further studied and
a financial feasibility study and policy review analysis
was undertaken

A couple of working group sessions with the Board of
Aldermen occurred in the fall of 2021 that helped
develop the language in 0-21-073

ASSOCIATES INC

RENTS ARE RAPIDLY INCREASING
IN NASHUA,

|) teen oot atm ects ties has ae:
Snes ieee ohare OMh Median Groge Rent
$1,287 per Month

weber oy

Chanpe In Groes Reat 2013-2010

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eto fee neat pree track lnere
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Update inclusionary Zoning Regulations carey (pone none
Sea |,

Case Study - lnchuslanary Zoning, Mewten, Ma a = 1 oe

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Page Image
Board Of Aldermen - Minutes - 12/21/2021 - P30

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