Minutes

Special Board of Aldermen 03-23-2021 Page 6

Special Board of Aldermen 03-23-2021 Page 5

Special Board of Aldermen 03-23-2021 Page 4

President Wilshire
Yes.
Mr. McCutcheon

Special Board of Aldermen 03-23-2021 Page 3

President Wilshire

| am here, | am alone and | am being drowned out by sirens in the background. So | don’t know what that’s
all about and | can hear everyone. Thank you.

Susan Lovering, City Clerk
You have 13 in attendance.
President Wilshire

Thank you.

City Clerk Lovering

You're welcome.
President Wilshire

Special Board of Aldermen 03-23-2021 Page 2

Mayor James W. Donchess, Corporation Counsel Steven A. Bolton, and Fire Chief Brian Rhodes were also
in attendance.

ROLL CALL

Alderman O’Brien

| am present, | can hear the proceedings and | am home alone.
Alderman Klee

| am home alone, | can hear the proceedings and | am present.
Alderwoman Kelly

| am here, | am alone and | can hear everyone.

Alderman Dowd

Yes, | am present, | can hear the proceedings and | am here alone.
Alderman Caron

A special meeting of the Board of Aldermen was held Tuesday, March 23, 2021, at 6:30 p.m. via Zoom
teleconference.

President Lori Wilshire presided; City Clerk Susan K. Lovering recorded.
Prayer was offered by City Clerk Susan K. Lovering; Alderman Ernest A. Jette led in the Pledge to the Flag.

President Wilshire

Sarah Marchant, AICP
Community Development Director
marchants@nashuanh.gov

RK Housing study for the City of Nashua, New

Hampshire
November 2020

ASSOCIATES INC

Starting the Housing Trust Fund

$30,000 initial deposit from the
Nashua Plaza Housing
Associates

$10,000 annual payment from
Nashua Plaza Housing
Associates and potential future
termination fee

Program to be managed by Urban
Programs Department (UPD)

Next Step: Focus on identifying
and developing additional revenue
sources as outlined in Housing
Study

Downtown Nashua

MEDIAN INCOME
IN THE
DOWNTOWN IS
LOW COMPARED
TO THE REST OF
THE CITY.

Median Household Income, 2018 source: acs 2018

Nashua River

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---7

ASSOCIATES INC

Median HH Income

GED S0 - $44,000
GED $44,001 - $71,000
GED $71,001 - $96,500

Downtown Nashua

RENTER
HOUSEHOLDS
ARE MORE
PREVALENT
DOWNTOWN THAN
ELSEWHERE IN
THE CITY.

Percent Renter Households, 2018 source: acs 2018

Nashua River

% Renter Households
0% - 23%

24% - 49%

GED 50% - 74%

GERD 75% - 95%

ASSOCIATES INC