McKinney Okays 383 Units of Affordable Housing

A new affordable housing development is set to open in north McKinney in 2025. The Jefferson Verdant, a product of JPI, is expected to close before the end of the year, with construction soon after. The nearly $107 million project will include 383 units across eight residential buildings, with five buildings being townhomes and the other three buildings being multifamily units. The property will have 252 one-bedroom apartment units, 95 two-bedroom units and 36 three-bedroom units across both the townhome and apartment buildings.

At least half of the units will have restricted rent to serve tenants making 80% or less of the area’s median income. The rent will range between $1,462-$3,000.

The development will be placed on nearly 15 acres that was purchased by JPI earlier this year. The community will begin leasing in summer 2024 and will have a pool, gym, two garden courtyards, pickleball courts, a dog park and a clubhouse.