File #: 25-2760    Name: CLT Update
Type: Agenda Item Status: Agenda Ready
In control: McKinney Housing Finance Corporation
On agenda: 5/9/2025 Final action:
Title: Community Land Trust Update
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Title

Community Land Trust Update

 

 

 

Summary

 

COUNCIL GOAL:                     Goal #1B: Provide a Strong Economy by Implementing a Global Housing Strategy with a Focus on Affordable Housing and Facilitating a Balance Between Industrial, Commercial, Residential and Open Space

 

MEETING DATE:                     May 9, 2025

 

DEPARTMENT:                      Housing and Community Development Department

 

CONTACT:                       Cristel Todd, Affordable Housing Administrator

                     

 

 

 

ITEM SUMMARY:

                     Land Survey: Completed for 3.6 acres.

                     Site Plan: Preliminary site plan estimates at least 20 townhomes.

                     Pre-Development Meeting: A meeting has been held to assess development feasibility.

                     Development Partner: Currently working on a Request for Proposal (RFP) to find a development firm.

                     Rezoning: The rezoning process is scheduled to be completed within the next three months.