Title
Consider/Discuss/Act on a Request from Habitat for Humanity of Collin County for a Third Extension of the Term of the Loan Agreement Executed with McKinney Community Development Corporation for Project 4B23-15 to December 31, 2026.
Summary
COUNCIL GOAL: 1: Direction for strategic and economic growth
1:1 Provide a strong economy by creating a Global Housing Strategy and facilitating a balance between industrial, commercial, residential, and open space.
5: Enhance Quality of Life in McKinney
5.3: Develop sustainable quality of life improvements within the City of McKinney
MEETING DATE: April 23, 2026
DEPARTMENT: McKinney Community Development Corporation
CONTACT: Cindy Schneible, President
ITEM SUMMARY:
• MCDC will consider a third extension request from Habitat for Humanity for Project 4B23-15 to December 31, 2026, for critical home repairs.
• Project 4B23-15 was originally approved on August 24, 2023 in an amount of $400,000, with a term ending September 30, 2024.
• An extension to March 31, 2025, was granted on September 26, 2024.
• A second extension to March 31, 2026, was granted on March 27, 2025.
• Remaining balance on the grant is $38,965.30.
• Habitat Collin County has recently hired a new CEO, and the organization is proceeding with leadership transition and strategic planning to ensure future success.
• This third extension will allow time to fully utilize the grant funds for Cotton Groves container home repairs and for the Paint It Forward program.
BACKGROUND INFORMATION:
• Habitat for Humanity of Collin County has been building homes for working low-income families since its incorporation in 1992.
• HHCC serves a 24-city area in Collin County.
• HFHCC utilizes a two-pronged initiative for low-income families: construction of new homes; and exterior home repairs.
SUPPORTING MATERIALS:
• Letter of Request