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: October 9, 2026
DEPARTMENT: Housing and Community Development
CONTACT: Cristel Todd, Affordable Housing Administrator
Margaret Li, Housing and Community Development Director
RECOMMENDED ACTION:
Staff recommends to Approve the Resolution to Adopt the Updated Affordable Housing Scorecard to Provide a Uniform Metric for Evaluating Proposed Tax-exempt Rental Projects.
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 City currently does not have a policy or a uniform metric for evaluating tax-exempt rental projects. The attached Affordable Housing Scorecard (“Scorecard”) provides a uniform metric for evaluating rental projects across all three granting entities to determine if they meet the City’s affordable housing goals.
The proposed Scorecard was developed in collaboration with MHA and presented to the MCDC McKinney Front Porch group for input.
The purpose of the Scorecard is to provide a uniform metric for evaluating tax-exempt rental projects based on the following criteria:
Amount of Affordable Units
Affordability Level
Housing Type
Rent Saving to Tax Exemption Ratio
Granting Entity Benefit (One-Time)
Granting Entity Benefit (Reoccurring)
Location
Project Type
The scorecard provides an initial screening of rental projects seeking tax-exemptions and is not intended to provide a comprehensive analysis of the proposed tax-exempt rental project for approval. The proposed scorecard would be part of a two-step review...
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