Summary
Three affordable homes are being built in the Canterra development, with lottery information sessions September 8 and 22 at City Hall, plus a free first-time homebuyer workshop September 12.
At a glance
- Total mentions
- 4
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 22, 2026.
Impact analysis
Affordable homes offered below market rate; the special CFD tax applies to them the same as market-rate homes in the district.
First-time homebuyers, including Spanish-speaking residents, seeking affordable ownership opportunities.
Resale equity is capped — owners can't sell at market value or cash out refinance, and heirs must resell to an income-qualified buyer.
Mentions & discussions (4)
Affordable Homeownership Opportunity Public Information Session - Sep 22, 2026
Three homes in the 67-unit Canterra development will be sold to very low-income households at $87,000–$115,500 — far below the roughly $700,000 market value. Entries close October 15, 2026, with a random lottery drawing in late October. A 45-year affordability covenant keeps the homes affordable for future buyers but limits resale equity.
City Council - Sep 3, 2026
Three affordable homes are being built in the Canterra development, with lottery information sessions September 8 and 22 at City Hall, plus a free first-time homebuyer workshop September 12.
City Council - Mar 18, 2026
The council was scheduled to authorize applying for state HOME program funding to create a first-time homebuyer program, which could help local residents buy their first home.
City Council - Jan 14, 2026
Three new homes in the Canterra development will be reserved for very-low-income first-time buyers (about $55,000/year for a family of four) with 45 years of affordability, selected by city-run lottery.
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