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McKinney council adopts unified affordable-housing scorecard to evaluate tax-exempt projects
Summary
Council approved a scorecard staff developed with housing partners to evaluate rental projects seeking tax exemptions through McKinney granting entities; the tool sets minimums and scores projects on eight categories including depth of affordability, location and community benefit.
Margaret Lee, McKinney’s housing and community development director, presented a unified affordable-housing scorecard that the city will use as an initial screening tool for rental projects seeking tax-exemption support from local granting entities.
Lee said the draft scorecard — revised since a December presentation and developed in collaboration with the McKinney Housing Authority — is intended to give the city consistent metrics to evaluate projects such as the number of affordable units, level of affordability, housing type,…
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