Title
Consider/Discuss/Act on a Request from Habitat for Humanity of Collin County to Extend the Term of the Loan Agreement Executed with McKinney Community Development Corporation for Project 4B25-15 to January 31, 2027.
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: October 22, 2026
DEPARTMENT: McKinney Community Development Corporation
CONTACT: Cindy Schneible, President
ITEM SUMMARY:
• On August 28, 2025, MCDC approved project grant 4B25-15 to Habitat for Humanity of Collin County in an amount of $305,000 for home repairs for low income residents in McKinney. Remaining balance on the grant is $121,882.56.
• MCDC will consider a request from Habitat for Humanity of Collin County to extend the term of Project 4B25-15 to January 31, 2027, for home repairs and renovations for low income residents.
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