McKinney says no to developer who wanted tax credit to help fund apartments for low-income housing

An 84-unit apartment complex won’t be the new neighbor on a piece of land zoned for multi-family housing after the McKinney City Council voted to deny a low-income housing tax credit.

The property is situated off Ridge Road and Virginia Parkway.

The real estate developer asked for the tax credit to bring in affordable housing apartments near McKinney’s Dowell Middle School, a retirement community and the Trinity Presbyterian Church.

McKinney city council members voted, 4-3, to deny the tax credit.

Look for the land close to Chateau retirement community, the church and the school to come before planning and zoning again west of U.S. 75.

The McKinney YMCA is near where the apartments would have gone up west of Ridge Road in this area that’s south of Virginia Parkway.

@collincountydfw

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About Brian Bearden

The mission of Collin County Magazine is to connect the cities of Allen, Frisco, McKinney and Plano along with the surrounding areas in Collin County as it grows from a small farming community into one of the fastest-growing regions in the United States. Our goal is to help local charities and non-profits get their message out. We also offer inexpensive but effective advertising solutions if you want to reach your active, engaged neighbors. Disclaimer: Our website survives on donations and advertising. If you purchase a product or service from a link on this website we may be compensated.
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