A PIPELINE LIGHT ON AFFORDABLE HOUSING
â–˘ Increasing need for rentals (would-be homeowners priced out)
â–˘ By 2030, Portsmouth will have unment demand for 2,897 rentals
â–˘ 15 permanently affordable rentals and 19 homes nearing completion
â–˘ Only 178 permanently affordable homes in permitting process
â–˘ Further 290 permanently affordable units in the concept stage
â–˘ 82 market-rate co-living (affordable) units for service workers
â–˘ 1,115 high-end and luxury rentals permitted or under construction
â–˘ High-end rentals require a minimum household income of $160,000