McKinney CDC Awards $2.7M to Three Projects, Including Affordable Senior Housing

The McKinney Community Development Corporation board approved nearly $2.7 million in grants at its Feb. 26 meeting, splitting $2,661,800 among three local projects with the bulk of the money earmarked for a proposed affordable senior housing development.

McKinney Ranch Senior Living received the largest single commitment: $2.5 million, accounting for more than 93 percent of the total funding awarded. The MCDC described the project as a proposed affordable senior living development, though specific details including the developer's identity, unit count, income restrictions, site location, and construction timeline have not been publicly released.

The remaining $161,800 was distributed between two other local initiatives. MCDC has not publicly identified those projects or disclosed how the funds were divided between them.

The MCDC's Project Grant program channels funding into community development efforts across McKinney. The Feb. 26 vote and the scale of the McKinney Ranch Senior Living commitment signal the corporation's prioritization of affordable housing for older residents at a moment when the broader Dallas-Fort Worth metro faces persistent housing cost pressures.

A rendering of McKinney Ranch Senior Living, credited to the McKinney Community Development Corp., offers the clearest public-facing glimpse of the proposed development so far. Beyond that image and the grant amount, key details about who will build it, where it will be located within McKinney, and when construction might begin remain outstanding.