Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Study: Thousands of McKinney households are cost-burdened; researchers recommend housing trust fund and other steps
Summary
Root Policy Research told the council that about 12,400 renter households and 9,700 owner households in McKinney were cost-burdened in 2023; the study estimates a multifamily/rental gap of roughly 4,400 units for low-to-moderate AMI households and presents tiered recommendations, including a housing trust fund and continued tenant-based assistance.
A presentation at the Feb. 17 McKinney work session laid out updated affordable-housing needs and a menu of policy recommendations to address those needs.
Margaret Lee, the city's Housing and Community Development director, introduced Avelia Bueno of Root Policy Research, who summarized the updated needs assessment. Bueno reported that, as of 2023, approximately 12,400 renter households and about 9,700 owner households were spending more than 30% of their income on housing costs (the report's definition of cost burden). She…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
