The McKinney City Council Work Session on August 5, 2025, focused on the future of the Public Facilities Corporation (PFC) and its role in affordable housing initiatives. The meeting highlighted the need for potential amendments to the PFC's bylaws, reflecting changes in legislative requirements and the current landscape of affordable housing partnerships.

Council members discussed the PFC's creation in June 2022, which aimed to facilitate various developments, including housing and government buildings. However, recent legislative changes have complicated the income qualification process, leading to a decline in requests for PFC partnerships. Instead, most requests are now directed to the McKinney Housing Finance Corporation and the McKinney Housing Authority.

A significant point of discussion was the annual revenue generated from the Jefferson Verdon project, which is expected to contribute $420,000 to the city’s general fund once completed. Council members debated whether to keep these funds in the general fund or allocate them to specific affordable housing projects, such as the Community Land Trust (CLT). The CLT aims to develop at least ten single-family homes or townhomes by September 2026, but the funding requirements for such projects remain uncertain.

Council members expressed the need for a flexible funding approach that allows for both immediate and future affordable housing needs. They considered the possibility of using the funds to support the CLT while maintaining discretion over how the general fund is utilized. The discussion underscored the importance of establishing a consistent funding source for affordable housing initiatives, with some members advocating for a dedicated allocation to ensure ongoing support.

The meeting concluded with a consensus on the necessity of further exploration into the funding dynamics of the CLT and the potential for amending the PFC bylaws to better align with current housing goals. The council plans to revisit these topics in future sessions, emphasizing the commitment to enhancing affordable housing options in McKinney.