Title
Consider/Discuss/Act on Appointing a Member to the McKinney Housing Finance Corporation
Summary
COUNCIL GOAL: Direction for Strategic & Economic Growth
(1E: Increase community involvement and participation within local government / community)
MEETING DATE: May 20, 2025
DEPARTMENT: City Secretary
CONTACT: Empress Drane, City Secretary
RECOMMENDED CITY COUNCIL ACTION:
a. Appoint one (1) Regular member to the MHFC, for a partial term effective this date to September 30, 2025, and
b. Appoint one (1) Regular member to the MHFC, for a partial term effective this date to September 30, 2026
ITEM SUMMARY:
• Current Board Members:
Member Term Expiration
1. VACANT 2026
2. Tyler Underwood 2026
3. Ranjith Raghunath 2026
4. VACANT 2025
5. John Reidy 2025
6. Wendi Brannon 2025
7. Paul Shirar 2025
8. Lisa Emery, Alternate 2025
BACKGROUND INFORMATION:
• The MHFC is a non-profit corporation established pursuant to the Texas Housing Finance Corporations Act, Tex. Loc. Gov’t Code Chapter 394, for the purpose of financing the cost of residential ownership and development for the benefit of the residents of the City of McKinney.
• The MHFC Board of Directors consists of seven (7) Regular member and one (1) Alternate, who reside within the city.
FINANCIAL SUMMARY: N/A
BOARD OR COMMISSION RECOMMENDATION: N/A