The McKinney Community Development Corp. awarded $2.66 million to three local projects expected to benefit the community, according to a news release.
In a nutshell
The MCDC board of directors awarded funding as part of its Project Grants program during a Feb. 26 meeting. Project grants are available for eligible infrastructure improvement projects, projects related to low-income housing and more, according to MCDC’s website.
MCDC was created in 1996 after McKinney voters approved a half-cent sales tax to be used for grants and projects that enhance the city’s amenities. Grant funding is approved by the board of directors, a seven-member body appointed by McKinney City Council.
Each project is selected for its “strong potential to benefit both residents and visitors while enhancing the overall quality of life in McKinney,” the news release states.
More than $230 million has been awarded to projects, events and retail infrastructure projects since MCDC’s founding. To learn more, visit www.mckinneycdc.org.
The details
Board members awarded $2,661,800 in total to three projects.
- McKinney Ranch Senior Living: $2.5 million
- Infrastructure related to construction of an independent senior living development with 109 units, 72 of which will be dedicated to low-income seniors
- Heritage Guild of Collin County: $148,500
- Construction of new restroom facilities at Chestnut Square
- Collin County History Museum: $13,300
- Building preservation projects, including window tinting and interior repairs
Quote of note
In a statement, MCDC board Chair George Fuller said the projects align with the corporation’s strategic priorities to fund community, cultural and economic development projects in McKinney.
“Our vision to enhance the quality of life for residents and visitors of all ages and backgrounds is evident in these awarded grants,” Fuller said. “We are especially excited to introduce a new, affordable housing option for our senior residents.”
A closer look
Real estate company Palladium USA is planning a new affordable housing development on 3.7 acres located along McKinney Ranch Parkway. The development, called McKinney Ranch Senior Living, will house 109 units, according to a grant application.
McKinney council members approved a resolution of support for the project in February 2025, and zoning was approved later that year. Development officials are anticipating a groundbreaking for the $33.7 million project at the end of March, according to a project presentation.
