Photo: nashua state of city

Nashua Mayor Jim Donchess delivers his State of the City address to the Greater Nashua Chamber of Commerce on Wednesday.

NASHUA — While Nashua homeowners, thanks to the strong economy, find themselves with more home equity, and therefore more wealth, than ever before, that robust economy has also created a housing shortage that is driving up home prices that many would-be buyers cannot afford, Mayor Jim Donchess said Wednesday in his annual State of the City address.

Delivered to members and guests of the Greater Nashua Chamber of Commerce at Nashua Community College, the address touched upon dozens of topics, ranging from the housing issue and the 2022 state-mandated revaluation that resulted in a significant jump in property taxes to numerous ongoing infrastructure projects