Silvia Escamilla, 63, has lived in her East McKinney home ever since her dad, who was a concrete finisher, built it in 1974. She’s seen the La Loma...
As development causes values to rise, homeowners may have to deal with rising property taxes, but renters are the most vulnerable to displacement, said Heather Way, a professor and director of the Housing Policy Clinic at the University of Texas School of Law.
The city also has safeguards in place for current renters to help with displacement pressures faced by renters.The shift to rental from homeownership in East McKinney since 2010 has been more pronounced than in the city overall.About 57.7% of the housing units in East McKinney are renter occupied, a 12-point shift from 2010, when about 45.5% of homes in the area were rented. The city’s rate of homeownership has also declined since 2010, but only by a 4-point shift — from 71% to 67%.
Janay Tieken, director of housing and community development with the city, noted that the per square foot price of homes in East McKinney has risen faster than it has in the rest of the city, adding to the challenge of homeownership. Beller also waved to accessory dwelling units as something that could help an individual who already owns a home supplement their income or improve the functionality of their property.
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