2
Thomas F. Galligani, Jr.Economic Development DirectorThe City of Nashua
Sarah MarchantCommunity Development DirectorThe City of Nashua
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Nashua Area Housing Units and Vacancy
Nashua Rest of Region -
15,000
30,000
45,000
60,000
Occupied Vacant Units
6
Nashua Area Housing Tenure
Nashua Rest of Region
84%
16%
Owner Occupied
Renter Occupied
59%
41%
Owner Occupied Renter Occupied
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Median Sq. Ft. of Floor Area of New Homes
https://www.census.gov/const/C25Ann/sftotalmedavgsqft.pdf
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Housing by Type
1 Unit De-
tached46%
1 Unit At-
tached5%
2 Units8%
3 or 4 Units8%
5-9 units6%
10-19 units8%
20 or more 16% Mobile Home
3%
Chart Title
1 Unit Detached76%
1 Unit Attached9%
2 Units5%
3 or 4 Units2% 5-9
units3%
10-19 units0%
20 or more3%
Mobile Home
2%
Boat, RV, Van
0%
Chart Title
Nashua Rest of Nashua Region
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Building Permits Issued AnnuallyNashua Rest of Nashua Region
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
-200
0
200
400
600
800
1000
Single Family MultifamilyMobile Homes
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
-200
0
200
400
600
800
1000
Single Family MultifamilyMobile Homes
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Why the decline in homeownership?• Lingering effects of the Great Recession• Delayed age of marriage and childbearing• Stagnation of real incomes• Student loan debt• Declining interest in becoming homeowners• Very tight credit
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Why the decline in homeownership?“…first-time buyers remain scarce…The younger millennial generation, ages 18-34, suffers from a shortage of down payment savings as they cope with lower starting salaries and high student debt loads.” - The National
Association of Realtors, October 22, 2015
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Emerging opportunities for rental housing
“Rapid growth in the renter population will create significant demand for new rental housing construction and encourage shifting of owner-occupied dwellings to rentals”-Urban Institute, October 2015
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Senior households will expand dramatically
• Transition to single floor living
• Desire to live closer to friends and family
• Desire to live near amenities, walkability
• Desire to live independently
Greater Nashua Housing Perspectives & Trends
December 2015
Sarah MarchantCommunity Development Director
Thomas GalliganiEconomic Development Director
© 2015. City of Nashua, NH USA
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Housing in Greater Nashua
www.nwsnh.orgwww.HOMEteamnh.org
Greater Nashua Housing Data
Town Vacancy PovertyPre-1980
Assisted Rental Units
% Change in Jobs 2009-2013
# Jobs in Town
Share of Jobs
Walkable Main Street or
DowntownAmherst 0.0% 2.9% 59% 49 -8% 3,636 4.4% 31Brookline n/a 2.2% 38% 0 3% 386 0.5% 35
Hollis n/a 1.4% 43% 22 0% 1,478 1.8% 37Hudson 1.2% 4.5% 49% 64 -11% 8,499 10.3% 66
Litchfield 1.4% 2.3% 39% 30 18% 560 0.7% 20Lyndeborough n/a 5.7% 68% 0 8% 77 0.1% 3
Merrimack 1.9% 4.2% 47% 120 10% 15,818 19.1% 39Milford 1.5% 6.7% 49% 132 -2% 5,375 6.5% 81
Mont Vernon n/a 7.6% 53% 0 -11% 65 0.1% 9Nashua 2.5% 10.8% 66% 1799 5% 45,676 55.3% 92Wilton 0.0% 5.2% 72% 31 -11% 1,095 1.3% 36
Community Impact
Measurement
Here’s the neighborhood where we surveyed!
Where Did This Take Place?Tree Streets
Community Impact
Measurement
TransiencyOccupancy
Neighborhood Characteristics
Housing Stock Approx. No. of Units
Percent of Units
Single family detached homes 190 14%Single family attached homes 27 2%Two-unit homes and duplexes 374 27%
Units in small apartment buildings
726 54%
Units in large apartment buildings
41 3%
Community Impact Measurement
Over half (55%) have
some satisfaction
with the community!
About half (52%) would recommend
the neighborhood
to others!
But 1 in 3 definitely would
not! Negativity Declining! Optimism
Rising!
Community Building - Nashua
I HEART THE TREE STREETSThe result of a Community Leadership Institute, 500 stickers were created and handed out in the Tree Streets Neighborhood
Visualize Nashua PlacemakingMost Liked Uses:• Riverfront
Promenade!• Small Music &
Performance Venue
• Downtown Marketplace
• Roof Decks• Housing at on
and around Downtown
• Downtown Movie Theater with IMAX
• Downtown Murals• Pedestrian Mall• Commuter Rail
Active Project Investments
Planning Progression: Timeline
RoundaboutFunded
Phase I Site Approved
Stormwater Completed
InfrastructureUpgrades
Bridge St.Breaks Ground
BIDA Approves Concept Plan • 750 residential
units• Neighborhood
based retail• Commercial office
space• Riverfront
restaurant
Active Project Investments
Planning Progression: Timeline
Roundabout
Funded
Phase I Site Approved
Stormwater Completed
InfrastructureUpgrades
BIDA Approves Concept Plan
Bridge St.Breaks Ground
Active Project Investments
Planning Progression: Timeline
Roundabout
Funded
Phase I Site Approved
Stormwater Completed
InfrastructureUpgrades
BIDA Approves Concept Plan
Bridge St.Breaks Ground
Active Project Investments
Planning Progression: Timeline
RoundaboutFunded
Phase I Site Approved
Stormwater
Completed
InfrastructureUpgrades
BIDA Approves Concept Plan
Bridge St.Breaks Ground
Active Project Investments
Planning Progression: Timeline
RoundaboutFunded
Phase I Site Approved
Stormwater Completed
Infrastructure
Upgrades
BIDA Approves Concept Plan
Bridge St.Breaks Ground
Active Project Investments
Planning Progression: Timeline
Roundabout
Funded
Phase I Site Approved
Stormwater Completed
InfrastructureUpgrades
Bridge Street Breaks Ground
BIDA Approves Concept Plan
BREAKS
GROUND
SPRING
2016
Merrimack River Flood Control System
EliminateEmergency Basin
Address Levee DeficienciesOvergrown trees, erosion, drainage, encroachment
Upgrade Pump Station at CSO 5
The Bridge StreetWaterfront Revitalization
James VayoAssistant Project Manager
Renaissance Downtowns at Nashua
Phone: 617-908-4608