Title
Consider/Discuss/Act on a Resolution to Adopt an Updated Affordable Housing Scorecard
Summary
COUNCIL GOAL: Direction for Strategic & 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.
MEETING DATE: November 3, 2026
DEPARTMENT: Housing and Community Development
CONTACT: Cristel Todd, Affordable Housing Administrator
Margaret Li, Housing and Community Development Director
RECOMMENDED ACTION:
Staff recommends approval of the proposed Resolution adopting the updated Affordable Housing Scorecard.
ITEM SUMMARY:
Property tax exemptions have been used by the McKinney Housing Finance Corporation (MHFC), McKinney Housing Authority (MHA), and McKinney Public Facility Corporation (MPFC) as a strategy to provide more affordable housing units for the City’s residents. The Affordable Housing Scorecard (“Scorecard”) provides a uniform metric that can be used across all three granting entities when considering affordable housing developments seeking tax exemptions/partnerships. Using the Scorecard helps to ensure partner projects meet the shared affordable housing goals of the city.
In collaboration with MHA and the McKinney Front Porch group, Staff has reviewed and updated certain criteria in the Scorecard. The proposed updates aim to incorporate new state legislation from House Bill 21 (89th Session), policies in the Texas Department of Housing and Community Affair’s 2026 Qualified Allocation Plan, and the prioritization of single family residential developments as partnership projects.
Specifically, the proposed updates include the following:
Category
Original
Proposed
Amount of Affordable Units
Minimum requirement: 50% of the total units at an affordable rate
No change
Affordability Level
Minimum requirement: 5% of the total units at 30% AMI%
Increased minimum to 10% of the units at 30% AMI
Housing Type
Limited to ren...
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