McKinney | November 2023

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McKinney Edition VOLUME 9, ISSUE 8 NOV. 22DEC. 19, 2023

2023 Higher Education Guide

Collin College Professor Dennis Younkins, right, teaches the college’s heating, ventilation and air conditioning program to students such as Cody Weinman.

COURTESY SARA CARPENTER

New opportunities fuel growth at Collin College

Collin College has expanded over the last three years, opening new campuses, launching programs and expanding dual enrollment opportunities for local high school students.

2020, and its student body increased 8% heading into the 2023 fall semester. As much of higher education was “hit very hard” by the pandemic, Abe Johnson, Collin College senior vice president of campus operations, said

BY MICHAEL CROUCHLEY & HANNAH JOHNSON

As Collin County’s population has boomed in recent years, Collin College’s enrollment has followed suit. The school rebounded from an enrollment dip in

CONTINUED ON 18

Also in this issue

Impacts: Pho Lane to oer Vietnamese cuisine (Page 9)

Transportation: TxDOT ocials select US 380 alignment (Page 13)

Real Estate: McKinney housing prices pose challenge (Page 27)

Business: Locomotion EBikes oers motorized bikes (Page 35)

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MCKINNEY EDITION

Impacts

East McKinney

195

Now open

B L O O M D A LE R D.

W I L M E T H R D .

1 Touchmark at Emerald Lake The new senior living community debuted its first phase of the 80-acre development featuring 265 independent living apartment homes. • Opened Oct. 23 • 350 S. Hardin Blvd., McKinney • www.touchmark.com/senior-living/tx/mckinney/ emerald-lake

REDBUD BLVD.

T A Y L O R B U R K D R .

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McKinney

Coming soon

VIRGINIA PKWY.

2 Dunkin’ A new Dunkin’ location will soon serve coffee and doughnuts inside a McKinney Walmart store. • Opening TBD • 2041 Redbud Blvd., McKinney • www.dunkindonuts.com 3 Collin Springs The single-story, 58,000-square-foot behavioral health hospital will include 72 beds. • Opening March 2024

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In the news

Relocations

7 McTown Klownz An Oct. 7 event celebrated the 30th anniversary of the fire safety clown program. • 2200 Taylor Burk Drive, McKinney • www.mckinneytexas.org/325/mctown-klownz 8 Pizza Hut A project registration has been filed for a new Pizza Hut location. The store is slated for completion in February. • 230 S. Hardin Blvd, Ste. 100, McKinney • www.pizzahut.com 9 Stanton Optical My Eyelab, an optician and glasses store, rebranded to Stanton Optical in late October. • 3620 W. University Drive, Ste. 400, McKinney • www.stantonoptical.com 10 Vaqueros Texas Bar-B-Q The Grapevine-based food truck plans to open its first stand-alone restaurant in Allen in spring 2024. • Watters Creek Village, 970 Garden Park Drive, Allen • www.vaquerostexasbarbq.com

4 Fyzical Therapy and Balance Center The clinic will offer several services, such as orthopedics, sports medicine and neurological rehabilitation. • Opening January 2024 • 2144 N. Lake Forest Drive, Ste. 200, McKinney • www.fyzical.com 5 Everest Rehabilitation Hospital The $26 million, 40-bed hospital will serve patients recovering from conditions such as strokes. • Opening TBD • 1702 Wilmeth Road, McKinney • www.everestrehab.com

11 Harvest at the Masonic The farm-to-table restaurant reopened following a relocation on the downtown square to a three- story, 10,400-square-foot former Masonic lodge building. The restaurant offers items such as deviled eggs, blackened striped bass, a grass-fed filet and a whole roasted chicken. • Opened Oct. 27 • 215 N. Kentucky St., McKinney • www.harvesttx.com

Expansions

6 LX Artworks The expanded 4,500-square-foot art studio includes a gallery and storefront space. • Opened Nov. 10

• 610 Elm St., McKinney • www.lxartworks.com

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Impacts

West McKinney

U N IV E R SI T Y D R .

Now open

U N I V E R S IT Y D R .

380

LOUISIANA ST. VIRGINIA ST. 1 Credit Union of Texas The branch offers financial services, a digital education center and an interactive teller machine. The location also offers a no-fee automated teller machine. • Opened in July • 6731 Alma Road, McKinney • www.cutx.org 2 United Water Restoration Group The business offers restoration and remediation services for properties affected by water, mold and fire damage. • Opened July 31 5 3 Flow Therapy The health care center offers outpatient treatment for individuals with heart-related conditions. • Opened Nov. 1 • 7300 Eldorado Parkway, McKinney • www.flowtherapy.com INDUSTRIAL BLVD. • 7300 SH 121, Ste. 300, McKinney • www.unitedwaterrestoration.com

VIRGINIA PKWY.

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4 Clean Car Wash The business offers individual car washes and membership packages as well as free vacuums. • Opened Oct. 31 • 6211 W. University Drive, McKinney • www.cleancw.com

• Opening in late 2023 • 7551 Eldorado Parkway, Ste. 500, McKinney • www.pholane.com 8 Escape 360 Cafe The shop will offer coffee drinks, including specialty coffee and Thai coffee, as well as bakery items.

Now open

• Opening in late 2023 • 7540 SH 121, McKinney • www.facebook.com/escape360cafe

Coming soon

5 Dunkin’ A new Dunkin’ location will soon serve coffee and doughnuts inside a McKinney Walmart store. • Opening TBD • 5001 McKinney Ranch Parkway, McKinney • www.dunkindonuts.com 6 Sips Fine Wine and Spirits The liquor store will also offer wine education classes for those enrolled in its loyalty program. • Opening Dec. 2 • 200 S. Ridge Road, McKinney • www.facebook.com/sipstx 7 Pho Lane The restaurant will offer pho and Vietnamese sandwiches as well as “Texas-sized” spring rolls and egg rolls.

9 White Rhino Coffee The coffee chain offers drip coffee, espresso drinks and food items such as croissants and muffins. • Opening February • 8710 W. University Drive, McKinney • www.whiterhinocoffee.com

11 Black Rock Coffee Bar The coffee shop serves coffee, tea, smoothies and energy drinks. This is the seventh Black Rock Coffee Bar to open in North Texas. “McKinney’s vibrant sense of community and family-friendly atmosphere make it an ideal match for us,” CEO Mark Davis said in a news release. • Opened Oct. 27 • 5101 McKinney Ranch Parkway, McKinney • www.br.coffee

Relocations

10 Stonebridge Family Vet The clinic, currently located on Virginia Parkway, offers wellness care, pet dentistry, and other pet services.

• Relocating late November • 200 Ridge Road, McKinney • www.stonebridgefamilyvet.com

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Government

BY SHELBIE HAMILTON

Public input event set for downtown project McKinney city staff shared that 15 responses were received from a request for qualifications issued in June to redevelop four city-owned properties downtown, according to an Oct. 24 meeting. Get involved The top three respondents will present to City Council, as well as participate in a public engagement opportunity, at McKin- ney City Hall on Nov. 28.

McKinney’s tax rate The city can take on $711 million in debt over the next 10 years while maintaining the interest and sinking portion of the tax rate, McKinney Chief Financial Officer Mark Holloway said.

Maintenance and operations rate: $0.286688 Interest and sinking rate: $0.140825

2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24

Bond committee considers $436 million in projects Over $400 million in unfunded city projects is being considered by a committee to potentially be included in a May municipal bond election. The gist

1 Public parking lot 1 2 Public parking lot 2 3 McKinney city hall 4 McKinney development services

transportation and infrastructure. The bond could include a number of unfunded projects related to those subcommittees, such as road projects and construction of city facilities. What’s next? Committee members are expected to present a recommendation to City Council members in December or January, city staff said. McKinney council OKs use of eminent domain McKinney City Council members approved a total of nine resolutions at meetings on Oct. 17 and Nov. 7 that allow for the use of eminent domain to acquire easements for a utility relocation project along SH 5. How we got here A reconstruction project along SH 5 is being led by the Texas Department of Transportation. The project, which is set to begin mid-2025, will expand portions of the roadway to six lanes. What’s happening? City officials are required to move city utilities, such as water mains and wastewater mains, out of the TxDOT right of way into city use easements prior to the beginning of the reconstruction project. City officials are working on property right acquisi- tion for both temporary and permanent easements.

LAMAR ST.

LOGAN ST.

The bond committee, which has met three times in the past two months, consists of five subcommittees including finance, municipal facilities, parks and recreation, public safety, and

HUNT ST.

4 3

JOHNSON ST.

HERNDON ST.

Leaders share recap, insights on growth The McKinney State of the City event Nov. 2 featured remarks about commercial and municipal development, East McKinney and local education from city government and education leaders. The details The event included a panel discussion with McKinney Mayor George Fuller, City Manager Paul Grimes, McKinney ISD Superintendent Shawn Pratt and Collin College District

SH 5 reconstruction SH 5 is set to be rebuilt from Power House Street to Spur 399.

380

VIRGINIA PKWY.

380

ELDORADO PKWY.

President Neil Matkin. What they’re saying

Fuller spoke about upcoming commercial projects, including Whole Foods and Sprouts. “A lot of exciting things going on that provide ... tax base and convenience and entertainment for the city,” he said.

McKinney

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MCKINNEY EDITION

Election

BY SAMANTHA DOUTY

Voters show favor for bond propositions

Results breakdown

For

Against

road projects such as the development of regional corridor roadways and the Outer Loop. The item received over 70,000 votes for it, representing nearly 75% of votes cast. What else? There were 98,262 ballots cast countywide, which represents 13.9% of Collin County’s 706,388 voters. Nearly half the ballots cast, totaling 46,907, were cast during early voting. All results are unofficial until canvassed. The context County officials are looking to make infra- structure and facility improvements due to their increased use by the growing population. “Growth is the big issue,” county Engineering Director Clarence Daugherty said. “Collin County is one of the fastest-growing counties in the coun- try, and that just puts a strain on all the services in the county.”

Election results show voters are in favor of all five Collin County bond propositions, according to Collin County voting results. The details Proposition A, which includes $261.86 million for justice facility projects such as expanding the Russell A. Steindam Courts building, garnered 53% of votes cast in favor. Proposition B, which includes $5.7 million for the county’s animal shelter, received nearly 65% of votes for the item. The funds will be used to add a 10,000-square-foot expansion at the shelter. Proposition C includes $13.36 million for the construction of a new one-story, 20,000-square- foot medical examiner’s office. The item received over 55% of votes cast in favor. Proposition D, which encompasses $22.45 million for parks and open spaces throughout the county, earned about 63% of votes Proposition E includes $380 million for various

49,873 44,152 Proposition A: Justice facility expansion projects 61,271 33,272 Proposition B: County animal shelter expansion 51,791 41,338 Proposition C: New medical examiner's office 59,525 34,492 Proposition D: Parks and open spaces 70,742 24,099 Proposition E: Roadway infrastructure projects

SOURCE: COLLIN COUNTY ELECTIONS/COMMUNITY IMPACT

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Transportation

BY COLBY FARR

TxDOT officials choose blue alignment for US 380 bypass

Upon completing the environmental impact review, the Texas Department of Transportation has selected an alignment for the US 380 project. The gist In September, TxDOT published a final environ- mental impact statement and record of decision document. It summarized potential environmental impacts for each alignment and determined the blue alignment as the preferred alternative. The blue alignment is composed of segments A, C and E. Three other alignments were considered during environmental review. Constructing the chosen alignment is projected to cost about $3.27 billion and is the second-least expensive option, according to the document. Funding has only been partially acquired. The details The blue alignment could potentially displace the highest number of businesses—38—and second

LAUD HOWELL PKWY.

RIDGE RD.

201

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123

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BLOOMDALE RD.

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161

Prosper

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LAKE FOREST DR.

143

McKinney

380

2933

RIDGE RD.

1827

HARDIN DR.

VIRGINIA PKWY.

AIRPORT DR.

highest number of residences—26—according to the TxDOT document. Most displacements would occur east of Custer Road. The alignment also requires the second highest number of major utility relocations at 12. The only public park expected to be impacted is Prosper’s planned Rutherford Park, which is located along US 380.

Zooming out The US 380 bypass project began in 2016 when the Collin County Commissioners Court deter- mined additional freeway infrastructure was needed due to the region’s growth. In February, TxDOT hosted a public hearing in McKinney after completing an environmental impact study that started in 2020.

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Education

Where Every Age Meets Expert Care COMPLETE SMILE SOLUTIONS: Discover unmatched expertise and advanced technology. Feel free to stop by and take photos with St. Nick. Please bring your own camera. Schedule on December 6th to enjoy holiday festivities & discounts! Santa will make his appearance at Stonebridge Dental & PebblePath Pediatric Dentistry & Orthodontics! December 6th • 3:00 - 5:00 PM • Our Office Lobby Officials OK 11 armed security guard contracts McKinney ISD officials have approved the contracts for 11 armed security guards. The district’s board of trustees approved the per- sonnel contracts and authorized the employees to carry a firearm Oct. 18. The guards will be full-time employees of MISD, rather than hired out through a third party, said trustee Amy Dankel. The overview The new school marshals have nearly 250 collec- tive years of experience, according to information presented by Superintendent Shawn Pratt. The guards come from backgrounds in state and national police roles, including the Chicago, New York City, McKinney and Collin College police departments, among others, he said. “It speaks a lot to the quality of people that [are] recruited to McKinney ISD for safety and security,” Pratt said.

McKinney Boyd HS to renovate 2 elevators The elevators at McKinney Boyd High School are getting a refresh at the end of the school year. The district’s board of trustees approved the $194,287 renovations, which includes replacing and refurbishing the elevator’s mechanical and electrical components, according to the proposal. The age of the elevators make them hard to repair as it is difficult to find parts, the agenda states. Due to this, the elevators have been out of service for multiple days during the school year. The 2021 bond election included $23 million for the refresh of McKinney Boyd, which is ongoing. The elevator renovations will begin on the last day of school May 29 and will be completed no later than Aug. 1.

Guard patrol duties The hired armed security guards are authorized to carry a firearm in:

Schools

School board meetings

School-sponsored or school-related events

SOURCE: MCKINNEY ISD/COMMUNITY IMPACT

The background The McKinney Police Department provides MISD 16 school resource officers in addition to the guards employed by the district. According to House Bill 3, which went into effect Sept. 1, a qualifying armed officer must be on campus during regular school hours. A qualifying officer could be: • A school resource officer • A school marshal • A private security officer

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Wishing you and your loved ones

Peace & Happiness this holiday season and in the coming year.

COURTESY MCKINNEY EDUCATION FOUNDATION

McKinney Education Foundation appoints new CEO Sheila Marlow Due

Sheila Marlow Due was announced as the new CEO of McKinney Education Foundation on Sept. 22. What drew you to the McKinney Education Foundation? The one opportunity I saw in [the foundation] was the ability to increase philanthropic support by engaging donors. ... There’s a real opportunity to build upon the great work that has gone on for the last 32 years. Why is the McKinney Education Foundation important for McKinney ISD schools? [The foundation] provides an enormous resource for students, teachers, staff and parents. We fund hundreds of scholarships every year. ... We are able to help students navigate external oppor- tunities for millions upon millions of dollars worth of external scholarships.

How does the foundation help graduating students? For graduating seniors, we pro- vide an opportunity to apply for a scholarship. To tell their story and be successful in that application. Through our advisers ... We help them navigate that scary path of the next level of education. How do the foundation’s college advisers operate? The have an online appoint- ment desk that students can sign up [to] come and talk to their advisers. The advisers are really like superheroes offering that GPS, if you will, for students and families to navigate ... the college application process.

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Education

BY HANNAH JOHNSON

Higher Education Guide

2023

Local college enrollment

Fall student enrollment

Largest academic programs by enrollment Fall 2022

Collin College has three campuses in McKinney, including Collin College’s original McKinney campus, the Public Safety Training Center and the Collin Higher Education Center. Collin College has multiple locations that contribute to the total enrollment.

35k

Liberal Arts and Sciences, General Studies and Humanities

12,703

34k

Collin College 2200 W. University Drive, McKinney www.collin.edu

Business, Management, Marketing and related Support Services

5,036

33k

4,378 Health Professions and related programs

32k

Computer and Information Sciences and Support Services

2,751

2018 2019 2020 2021 2022

SOURCE: TEXAS HIGHER EDUCATION COORDINATING BOARD/COMMUNITY IMPACT

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From the cover

New opportunities fuel growth at Collin College

Diving in deeper

The gist

vocational programs have been added to the Career and Technical program, she said. This includes: • Industrial automation • Heating, ventilation and air conditioning • Welding technology “Dual credit courses allow students a chance to demonstrate their college readiness skills and to explore challenging content in an area of career interest,” Akins said.

Population growth and Collin College’s aord- ability has caused dual enrollment to grow, said Raul Martinez, Collin College associate vice presi- dent of primary-through-12th grade partnerships. For McKinney ISD, increased student partici- pation comes from the addition of programs and college transfer options through Collin College, said Jennifer Akins, MISD’s senior director of guidance and counseling. Over the last ve years, 10 high-demand

Dual enrollment students make up 28% of Collin College’s credit enrollment and have been the biggest area of growth for the school, which partners with all of the independent school districts in its service area. Since 2021, Collin College campuses have opened in Celina and Wylie, and a technical campus opened in Allen. The new campus locations were chosen because data showed that students were less likely to attend if they had to commute more than 20 minutes, Johnson said. The school has also expanded to oer four bachelor’s programs.

McKinney ISD dual credit enrollment MISD saw a 15% increase in enrollment in its dual credit program this fall compared to fall 2019.

899

793

781

760

+15% over 4 years

719

708

The breakdown Dual enrollment at Collin College has increased over the last two years.

670

649

624

Fall

Spring 2020

Fall Spring 2020 2021

Fall 2021

Spring 2022

Fall 2022

Spring 2023

Fall 2023

2019

Fall semester enrollment

SOURCE: MCKINNEY ISDCOMMUNITY IMPACT

Total credit students Dual enrollment students

33,996

21.16%

Quotes of Note

35,392

26.21%

“Our community is growing—and we are a community college—so we have had to be responsive.” ABE JOHNSON, COLLIN COLLEGE SENIOR VICE PRESIDENT OF CAMPUS OPERATIONS

“We are so fortunate in our community that our students have access to quality community college programs.” JENNIFER AKINS, MCKINNEY ISD SENIOR DIRECTOR OF GUIDANCE AND COUNSELING

33,690

19.86%

35,085

25.51%

28.45%

37,998

SOURCE: COLLIN COLLEGECOMMUNITY IMPACT

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What else

What’s next?

Collin College’s technical campus has allowed the school to oer several high-demand programs. “We started oering programs that we’ve never oered before,” Johnson said. “The technical programs like welding, automotive, construction management and things of that nature—our region was hungry for those programs. All of those programs have grown by leaps and bounds since we started.” The college has continued to expand opportu- nities within those programs as well. The most recent example is a partnership with Toyota for its automotive technician program, which provides a fast track for automotive technician students to work in Toyota and Lexus dealerships. Martinez added these programs have contrib- uted to the growth of dual enrollment students. “Four-year universities are not for everybody,” he said. “Some people just need a little bit of training to get them into a high-wage, high-de- mand job.”

New campuses and new programs could be in Collin College’s future. Johnson said school ocials plan to expand workforce programs and add a fth baccalaureate program to its current lineup which includes: • Clinical Operations Management • Construction Management • Cybersecurity • Nursing He also added Collin College owns properties in Anna and Royse City, but any new campuses won’t be built until “much further down the line.” Right now, the focus is ne tuning what the school already oers. “Our immediate plan of attack is to look at the campuses we do have,” Johnson said.

Collin College’s construction management program is oered at the school’s technical college in Allen.

COURTESY SARA CARPENTER

MCKINNEY EDITION

Education

BY MICHAEL CROUCHLEY & SAM PONTIUS

Collin College introduces physical therapy program Collin College launched a new physical therapist assistant program this fall, accord- ing to a news release from the school. The details The two-year, six-semester program will offer students classroom, lab and clinical experience, according to the release. The program will operate at the Frisco campus in a former dance studio, which has been transformed into a health sciences lab. Michelle Millen, dean of academic affairs and workforce at Collin College’s McKinney campus, said the location will allow stu- dents to “immerse themselves” in the field.

Collin College announces new esthetician program Collin College has announced a new esthetician program with classes set to begin in spring 2024, according to an Oct. 13 news release from the school. Two-minute impact The program will train students to recognize, assess and perform esthetic procedures and treat- ments to improve the health condition of the skin, according to the release. The course will include training on: • skin analysis • skincare product advising • specialized facials • manual and chemical exfoliation Once successfully completed, students will receive a certificate of completion from Collin Col- lege and be eligible to take state-regulated licensing exams. The course will prepare students to work in

"This program provides students with the necessary skills, knowledge, and training to flourish in this high-demand industry as a skincare specialist and as an entrepreneur."

KETIA BRADLEY, ESTHETICS PROGRAM COORDINATOR

environments including cosmetic and medical spas, dermatology clinics, cosmetic surgery skincare centers and more, according to the release. The program is an entry-level noncredit certif- icate program with 750 state-required classroom and lab hours. The program also offers advanced courses for professional development licensed estheticians. Also of note Collin College is in the process of gaining approval for the program from the Texas Depart- ment of Licensing and Regulation. Classes for the program will take place at the Collin College Courtyard Center campus in Plano.

INNOVATION MEETS EDUCATION: UNT FRISCO'S PROJECT DESIGN AND ANALYSIS PROGRAM SHAPES TOMORROW'S LEADERS Q&A The story was produced by Multi-Platform Journalist Mary Katherine Shapiro with Community Impact's Storytelling team with information solely provided by the local business as part of their "sponsored content" purchase through our advertising team. Students in the Project Design and Analysis program at University of North Texas at Frisco have the unique opportunity to work with local business leaders to solve real industry problems and gain valuable experience through project-based learning. Kevin Sanders, Director of Project-Based Learning, explains the principles of project-based learning, its practical applications at the university and how this approach better equips students for their future careers.

Kevin Sanders, Director of Project-Based Learning

Can you give a basic definition of project-based lear�ing? Sanders: Project-based learning is a concept in which we try to build a curriculum around a centralized project throughout the course of the semester. At UNT at Frisco, we build that project around an industry partner. We identify an industry problem and we work to solve that problem throughout the course of the semester. How do you think that prepares students for what they’re going to do after college? Sanders: I think it really heightens the stakes because they’re not working with a simulation or theoretical problem. They’re working with something that somebody from an industry has actually identified as something that they need help with. One of the benefits of project-based learning is that it does increase the degree of authorship and ownership that a student has over their work. Our students are getting a chance to see what works and what doesn’t work because they’re getting feedback in real time. Therefore, when our students are going to work full time and doing interviews after they graduate, they have a little bit of a better grasp of what works and how to take those things from a classroom and actually apply them to the real world. Read the full interview and learn more

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Education

BY HANNAH JOHNSON

University of North Texas reaches highest enrollment in fall “We are preparing students both academically and professionally,” said Eileen Buecher, the university’s assistant vice president for student affairs and career success. The university has 244 degree options across its undergraduate and graduate programs.

More students are enrolled in the University of North Texas than ever. The overview Total enrollment reached 46,940 for the fall semester, according to a news release. The more than 5% growth comes from first-time-in-col- lege freshman, graduate students and students enrolled at the university’s new UNT at Frisco campus, the release states. The number of undergraduates has increased 2.6% from the fall 2022 semester to fall 2023. “We are providing more and more students the opportunity to attend college and earn a degree that prepares them for a successful career with top employers,” UNT President Neal Smatresk said. Diving in deeper Since 2019, the university has accounted for 52.3% of growth in new enrollees at state public universities.

Enrollment Growth The University of North Texas saw student enrollment grow 5.4% from the fall 2022 semester to the fall 2023 semester. Fall 2022 Fall 2023*

“There’s this unifying experience based on everyone’s different interests,” Buecher said. Zooming in Enrollment at UNT at Frisco has grown with more than 3,140 students at Frisco Landing, the first permanent building in the university’s Collin County branch that opened in January. With the growth occurring in the Frisco and Dallas-Fort Worth areas, Buecher said there are opportunities for students when graduating. “Being in the right place at the right time ... I think it’s a win-win for everyone,” she said. “There’s so much we can do, and we’re on [the] path to making it happen right now.”

46,940

33,672

13,268

44,336

32,836

11,503

Total student enrollment

Undergraduate students

Graduate students

SOURCE: UNIVERSITY OF NORTH TEXAS/COMMUNITY IMPACT *ENROLLMENT NUMBERS ARE UNOFFICIAL UNTIL VERIFIED BY THE TEXAS HIGHER EDUCATION COORDINATING BOARD.

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COMMUNITYIMPACT.COM

Real estate

BY SHELBIE HAMILTON

A recently published update on the city of McKinney’s housing needs assessment showed an increased need for aordable housing units as well as other changes in the city’s housing aordability. The initial assessment of the city’s housing stock was completed by Root Policy Research in 2020. Three years later, city sta have worked with the researchers to update the study using data from recent years to identify changes in both homeownership and rental trends. The updated study results show an increasing need for more aordable rental units. The amount of homeowners in McKinney also decreased as home prices continue to rise. City sta are using the updated information to guide aordable housing strategies going forward, said Janay Tieken, McKinney director of Housing and Community Development. Housing prices pose challenge

The details

making over $75,000 annually, according to the study. The gap and surplus are both determined by consumer demand for units in each price range. “People that are earning more than $75,000 can aord a more expensive unit but they tend to take those units that should be for the [people earning $50,000 to $75,000] and they’re saving their money to ... purchase a house,” Tieken said.

There is a growing need for rental units in a variety of price ranges across McKinney, according to updated study results. McKinney’s housing stock has a gap of 5,145 rental units that are considered aordable to households earning less than $35,000 annually. There is also a surplus of more than 3,600 rental units that are considered aordable for households

Median rental rates Collin County cities have seen steady increases in rental rates over the past decade. McKinney has seen lower median rent costs in recent years compared to nearby cities, according to the study.

2010

2018

2021

$963

$1,391

$1,559

Key:

Collin County

SOURCES: CITY OF MCKINNEYCOMMUNITY IMPACT

Diving in deeper

Of the homes sold in McKinney in 2019, 63% were priced between $250,000-$400,000. In 2022, only 17% of homes sold fell within the same price range, indicating an uptick in average home prices across the city, according to the study. Over 50% of the homes sold in McKinney in 2022 were priced over $500,000, according to the study.

Study results also showed fewer McKinney residents are homeowners compared to homeown- ership rates assessed in 2018. The city’s overall homeownership rate decreased three percentage points to 64% between 2018 and 2021. Homeowners making between $25,000 and $75,000 saw the largest decreases in homeownership rates.

Newsome Homes is an aordable housing development in East McKinney.

SHELBIE HAMILTONCOMMUNITY IMPACT

Looking ahead

"We want to provide a broad range of housing choices for all of our residents, whether they're young families looking to get into an ownership product

own a home on the land. Council members allotted $1 million for the program at an August 2022 meeting. Another program under development is a grant-funded gap program that will help people on xed incomes and at risk of being housing cost burdened, Tieken said. The program will pay for the gap between 30% of a person’s monthly income and their housing cost.

City sta are working to address aordable housing challenges by using strategies approved by City Council members. One recently approved program is the Community Land Trust. The program, which is still in development, will allow the McKinney Housing Finance Corporation to own land and use long-term ground leases for homes on the land, Tieken said. The trust can make it more aordable for residents to

or they're retired looking to downsize into a smaller ownership product, or if they're renting," JANAY TIEKEN, MCKINNEY DIRECTOR OF HOUSING AND COMMUNITY DEVELOPMENT

MCKINNEY EDITION

COMMUNITYIMPACT.COM

Real estate

Number of homes sold

September 2022

September 2023

Residential market data

75069

75071

Home sales were down across three McKinney ZIP codes in September compared to September 2022. Three ZIP codes saw increases in average days a home spent on the market.

104

-45.2%

+0.96%

105

75070

75072

-15.38%

-31.34%

380

Median home sales price

SRT TOLL

2022

2023

75069 75070 75072 75071

75069

+7.7%

$525,000

$487,500

75070

-8.1%

$465,000

$506,000

Homes sold in McKinney area by price point

75071

-3.56%

$530,000

$549,553

September 2023

75072

+2.79%

$575,600

$560,000

$1 million+

$700,000-$999,999

Average days on market

$300,000-$699,999

169

+3.45%

+37.5%

+12.9%

$100,000-$299,999

<$99,999

MARKET DATA COMPILED BY COLLIN COUNTY AREA REALTORS • WWW.CCAR.NET

75069

75070

75071

75072

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