When it comes to growth, McKinney has been on a tear. All that growth, though, means the Collin County suburb might need to be more deliberate in its housing policy to address affordability issues.
To that effect, housing advocates and officials are putting on the first-ever McKinney Affordable Housing Summit next month. The event will bring together stakeholders to discuss solutions to the city’s workforce housing shortage.
“Affordable housing solutions can significantly improve workforce retention and recruitment by reducing commute times, increasing housing stability, and helping employees live closer to where they work,” summit organizers said in a press release. “Through collaborative initiatives, businesses and developers may also gain access to incentives and support from the City of McKinney to help bring workforce housing projects to life.”
Earlier this year, a city-commissioned report by the community planning firm Root Research Policy outlined where gaps in McKinney’s housing market are leading to affordability pressures on both renters and prospective buyers.
Rapid population growth and a sharp deterioration in affordability have resulted in surging cost burdens. Back in 2011, most single-family homes were priced under $200,000. Fast-forward to 2024, and less than 1% of single-family stock reflected that range. The majority of listings are easily above $400,000 now. Rents have also climbed, rising by 44% between 2015 and 2025, according to the report…