Real Estate Development Services

The City of McKinney and the McKinney Housing Finance Corporation (MHFC) are issuing a Request for Qualifications (RFQ) for Real Estate Development Services to develop an affordable housing project utilizing a Community Land Trust (CLT) model on a 3.6-acre City-owned property located at the southwest corner of North Lake Forest Drive and Summit View Drive in northwest McKinney, Texas. The project requires an experienced development team to design and construct approximately 20 affordable attached single-family townhomes with two small pocket parks, targeting income-eligible households earning between 60 and 120 percent of Area Median Income, with the MHFC retaining land ownership while selling homes to qualified buyers. Key deliverables and objectives include obtaining a Certificate of Occupancy within 24 months of groundbreaking, securing all necessary financing beyond the City's $1,000,000 General Fund appropriation, and entering into a Memorandum of Understanding with the MHFC prior to commencing pre-development activities. Required qualifications emphasize demonstrated experience with permanent affordability mechanisms and Community Land Trusts, proven financing capacity for affordable housing projects, effective construction management practices, a comprehensive community engagement approach, and relevant development experience with multi-unit attached and detached housing completed within the last five years; applicants must also provide certified financial audits or disclosures from the past two years and disclose any litigation history from the preceding five years. The evaluation committee will assess submissions using a weighted point system requiring a minimum threshold of 70 points for consideration, with finalist interviews potentially conducted at the committee's discretion, and required insurance coverage includes Commercial General Liability ($1,000,000 per occurrence/$2,000,000 aggregate), Workers' Compensation, Business Automobile Liability ($1,000,000 combined single limit), and Professional Liability Insurance ($1,000,000 per occurrence/$2,000,000 aggregate). The RFQ submission deadline is 2:00 p.m. Central Standard Time on Thursday, May 21, 2026, with responses accepted electronically through the City's Bonfire procurement portal or by hand delivery or mail to City Hall; no bidder's conference is anticipated, and the response is firm and irrevocable for 60 days from submission.

The RFQ documents do not specify set-aside designations, disadvantaged enterprise restrictions, or limitations on organizational types eligible to respond, suggesting the procurement is open to qualified developers regardless of certification status. No incumbent vendors or current contractors are identified in the available documentation. The project requires integration with the MHFC's Community Land Trust infrastructure and governance structure, as the selected developer must work collaboratively with the MHFC on land ownership arrangements and permanent affordability mechanisms. The City has appropriated $1,000,000 from its General Fund to support the CLT initiative; however, the selected developer bears sole responsibility for securing all additional financing necessary to fully fund and construct the project, meaning the total project budget and award value will be determined by the developer's financing structure and the evaluation committee's assessment of financial capacity during the qualification phase.