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Canton housing team outlines options to expand attainable homeownership
Summary
The Canton housing team described barriers to homeownership and proposed strategies including accessory dwelling units, cottage villages and land-trust models to keep teachers, first responders and other local workers living in Canton.
Leonard Akers, a member of the GIC-funded Canton housing team and a Canton resident, presented the group’s findings and recommendations to the City Council on March 6.
Akers said Canton faces a widening gap between local wages and home prices. He told the council that the average Canton home price in 2024 was “just under $500,000,” and used an example of a registered nurse earning about $90,000 who would qualify for a mortgage on a home valued near $279,000 under typical lending rules — a price he said is not available in Canton’s market. “If she comes up with down payment, what she can…
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