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MCDC approves six‑month extension for Throckmorton Villas infrastructure loan

McKinney Community Development Corporation · December 18, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The McKinney CDC voted to grant a second extension to Sphinx Development Corporation for the term loan tied to the Throckmorton Villas infrastructure, moving the deadline to May 31, 2026, after the developer cited utility and staging complications.

At its Dec. 18 meeting, the McKinney Community Development Corporation approved a second extension of a term loan agreement related to infrastructure for the Sphinx Development Corporation’s Throckmorton Villas project (project 4B2408).

Joseph Agamadou, president of Sphinx Development, told the board that the 380‑unit project has encountered unanticipated…

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