Board Of Aldermen

Demographics & Housing Market Conditions

KEY FINDINGS FROM THE DEMOGRAPHIC AND HOUSING MARKET CONDITIONS

NASHUA IS A GROWING CITY.

Nashua’s population has risen rapidly since 1970, adding
nearly 30,000 new residents. Growth is projected to
continue through the year 2030 with the city adding
another 8,000 residents between 2018 and 2030.
Nashua’s fastest growing age cohort are those residents
55 years and older, while middle age residents 35 to 54
are shrinking.

DEMOGRAPHICS & HOUSING MARKET CONDITIONS

Population, Age, Race/Ethnicity
Household Composition
Education and Income
Employment

Housing Stock

Housing Tenure

Vacancy

Home Values

Rents

Cost Burden

ASSOCIATES INC

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Preset rl pnite & Market Conditions
* Population, Age, Race/Ethnicity
Household Composition
Education and Income
Employment
Housing Stock
Housing Tenure
Vacancy
Home Values
Rents
Cost Burden

Issues & Opportunities

* Issue Area 1: Accommodating Growth
¢ Issue Area 2: Ability to Pay
* Issue Area 3: Downtown Nashua

Recommendations

IVERFReINT
-ANDING
Pee TNC

af RSSORIATES INC.

FIVE KEY CONSIDERATIONS FOR NASHUA & HOUSING

Nashua Housing Study - 4

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

RKG

ASSOCIATES INC

EXECUTIVE SUMMARY

NASHUA HOUSING STUDY

City of Nashua

Jim Donchess, Mayor

Board of Aldermen Members
Lori Wilshire, President

Michael B. O’Brien, Sr., Vice President
Shoshanna Kelly, At-Large
Brandon Michael Laws, At-Large
David C. Tencza, At-Large

Jan Schmidt, Ward 1

Richard A. Dowd, Ward 2
Patricia Klee, Ward 3

Thomas Lopez, Ward 4

Ernest A. Jette, Ward 5

Ben Clemons, Ward 6

Elizabeth Lu, Ward 6

June M. Caron, Ward 7

Skip Cleaver, Ward 8

Linda Harriott-Gathright, Ward 9

NASHUA HOUSING STUDY

October 2020

DRAFT FOR REVIEW

RKC Prepared by
ASSOCIATES Nc. KG Associates, Inc.

. Community Development
City of Nashua Planning and Zoning
. + ae Building Saf
Community Development Division Code tnforcement
City Hall, 229 Main Street, PO Box 2019 Ce eer ars amtission
Nashua, New Hampshire 03061-2019 Transportation
www. nashuanh.gov FAX

589-3095
583-3090
589-3080
589-3100
589-3085
589-3105
880-0100
589-3119

Date: October 21, 2020

Board of Aldermen

City of Nashua
229 Main Street Lori Wilshire
Nashua, NH 03061-2019 President, Board of Aldermen

(603) 589-3030

October 19, 2020

Susan K. Lovering, City Clerk
City of Nashua

229 Main Street

Nashua, NH 03061-2019

Dear Ms. Lovering:
Please be advised | am hereby calling a Special Meeting of the Board of Aldermen for Tuesday,

October 27, 2020, at 6:30 p.m. which will be held remotely relative to a presentation on affordable
housing.

Thank you.

SPECIAL BOARD OF ALDERMEN
OCTOBER 27, 2020
6:30 p.m.

Join Zoom Meeting: https://usO2web.zoom.us/j/8 116856521 1 ?pwd=ZHFRZUJ5VVp0b083Q3BgSGZsL2IZQTO9
Meeting ID: 811 6856 5211 Passcode: 896485

Join by telephone: 1-929-205-6099 Meeting ID: 811 6856 5211 Passcode: 896485

lf there is aproblem accessing the meeting, please dial 603-821-2049 to advise.

PRESIDENT LORI WILSHIRE CALLS ASSEMBLY TO ORDER
PRAYER OFFERED BY CITY CLERK SUSAN LOVERING
PLEDGE TO THE FLAG LED BY ALDERMAN JUNE M. CARON