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 ovtpocing 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 Nashuo creating
immense pressure on the lowest incame 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 focations across the City would
provide more housing choice for the City’s most vulnerable residents.
DOWNTOWN
Downtown Nashuo 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 encaurage a
mix of new merket rate ond 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 oppertunities and challenges ohecd. Seeking
partners who con 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, hanks, and
employers.
ASSOCIATES INC
