McKinney Housing Finance Corporation · 8:00 AM · Virginia Conference Room
Matters
All Housing programs · Site-specific scope
Case File 26-0293
Analysis
Housing
Governance & Oversight
Insights by Role
Developer
MediumMedium significance — notable action worth trackingNRP Holdings LLC's MOU with the McKinney Housing Finance Corporation for Franklin Branch Apartments illustrates the Corporation's process for structuring bond-financed multifamily deals: a developer MOU, a Private Activity Bond application, and single-purpose LLCs for the general partner, ground lessor, co-developer, and contractor roles, each with the Corporation as sole member.
Journalist
MediumMedium significance — notable action worth trackingThe board created four separate single-purpose LLCs — a general partner, ground lessor, co-developer, and contractor — to structure ownership of one project, Franklin Branch Apartments, alongside its bond authorization and developer MOU in the same meeting.
Lobbyist
MediumMedium significance — notable action worth trackingNRP Holdings LLC secured the Corporation's MOU, bond application, and ownership-entity resolutions for Franklin Branch Apartments in a single meeting; parties pursuing similar Housing Finance Corporation deals should track the board members driving approvals and the ongoing Board & Commission appointment cycle.
Resident
MediumMedium significance — notable action worth trackingThe Franklin Branch Apartments multifamily housing project advanced through several financing and ownership approvals, meaning its financing structure is now largely in place under NRP Holdings LLC as developer; residents wanting to track the project can follow items filed under the McKinney Housing Finance Corporation.
Charts & Data
15 items(6 procedural hidden)
(e.g., Approved, Denied, Held)
(e.g., Hearing Closed, Corrected, Referred)
AI-generated summaries. Click to expand for original text.
#3PUBLIC COMMENTS ON AGENDA ITEMS (For Non-Public Hearing Items)
#4If you wish to address the Board on a posted item on this agenda, please fill out a "Request to Speak" card and present it to the Clerk before the meeting. Pursuant to Section 551.007 of the Texas Gov
#5An update on the appointment of members to the 2026 McKinney Boards and Commissions.
#7This portion of the agenda consists of non-controversial or housekeeping items required by law. Items may be considered individually by the Board or Commission member making such request prior to a mo
#8Approval of the minutes from the McKinney Housing Finance Corporation meeting held on November 14, 2025.
#10The McKinney Housing Finance Corporation considers a resolution authorizing submission of applications to the Texas Bond Review Board for an allocation of Private Activity Bonds and declaring intent to reimburse expenditures with proceeds of future debt for the Franklin Branch Apartments Project.
#11Consideration of a Memorandum of Understanding with NRP Holdings LLC concerning the financing, development, and operation of the Franklin Branch Apartments.
#12Resolution authorizing the transfer and assignment of McKinney Franklin Branch GP, LLC, the general partner of Franklin Branch Apartments, Ltd., with the McKinney Housing Finance Corporation as sole member, and approving related LLC agreements.
#13Resolution authorizing formation of McKinney Franklin Branch Holdings, LLC as the Ground Lessor in connection with McKinney Housing Finance Corporation Multifamily Housing Revenue Bonds (Franklin Branch Apartments), Series 2026, including designation of the Corporation as sole member and approval of related agreements.
#14Resolution to form McKinney Franklin Branch Development, LLC as co-developer in connection with McKinney Housing Finance Corporation's Multifamily Housing Revenue Bonds (Franklin Branch Apartments), Series 2026, including approval of the LLC agreement and related documents.
#15Resolution to form McKinney Franklin Branch Contractor, LLC as contractor in connection with McKinney Housing Finance Corporation's Multifamily Housing Revenue Bonds (Franklin Branch Apartments), Series 2026, including approval of the LLC agreement and related documents.
#16PUBLIC COMMENTS Regarding Matters not on the Agenda
#18Board and Manager comments relating to items of public interest: Announcements regarding local or regional civic and charitable events, staff recognition, commendation of citizens, upcoming meetings,
#20Posted in accordance with Texas Government Code, Chapter 551, on April 3, 2026. ___________________________ Empress Drane, TRMC City Secretary Tenitrus Parchman, TRMC Deputy City Secretary
#21In accordance with the Americans with Disabilities Act, it is the policy of the City of McKinney to offer its public programs, services, and meetings in a manner that is readily accessible to everyone
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