JPI Closes on Land for Jefferson Terry, Bringing 393 Mixed-Income Homes to McKinney, Texas

First phase of the Class A community will reserve roughly half of its residences as workforce housing through a public-private partnership with the McKinney Housing Authority

McKINNEY, Texas (June 26, 2026) – JPI, a premier developer of multifamily communities, today announced the closing of a 16-acre site at the southeast corner of Highway 380 and Terry Lane in McKinney, Texas. The property will house Jefferson Terry, a 393-home, Class A community. The first phase of the development will bring a mix of market-rate and workforce housing to one of the fastest-growing cities in the Dallas–Fort Worth metroplex, delivered through a public-private partnership with the McKinney Housing Authority.

Structured with the McKinney Housing Authority through a Public Facility Corporation and supported by bond financing, Jefferson Terry will reserve roughly half of its 393 homes as workforce housing, including 177 homes at 80 percent of area median income (AMI) and 20 homes at 30 percent of AMI, while the remaining residences are offered at market rate. First homes are expected to be delivered in 2027, with completion anticipated in 2028.

A Milestone in Attainable Housing

Jefferson Terry advances JPI’s growing commitment to delivering quality, attainable housing in high-demand communities. Because the community is structured through a Public Facility Corporation with the McKinney Housing Authority, its affordability commitments are designed to remain in place for the duration of the Housing Authority’s control period, helping ensure long-term access to attainable homes in a market where demand continues to outpace supply. Located with direct access to Highway 380 and close to major retail centers and employers, the community is positioned to serve a broad range of McKinney residents.

“Jefferson Terry reflects how JPI is expanding the ways we deliver workforce housing, pairing innovative financing with the design quality our communities are known for,” said Mollie Fadule, Chief Financial and Investment Officer at JPI. “By partnering with the McKinney Housing Authority, we can reserve roughly half of these homes as workforce housing while still creating a Class A community that residents across the income spectrum will be proud to call home.”

A Community Built for How McKinney Lives

Set across 16 acres, Jefferson Terry will deliver 393 garden-style homes in four buildings, with a diverse mix of studio, one-, two- and three-bedroom layouts ranging from approximately 650 to 1,600 square feet. Interiors feature contemporary finishes throughout.

Residents will enjoy a full suite of amenities, including a resort-style pool and courtyard with grills, a large fitness center and yoga studio, a main club room with a café, lounge seating, gaming and coworking space that opens onto the pool and courtyard, and an additional resident lounge. The community also offers open green space and a fenced dog park.

“From the resort-style pool and club room to the upgraded finishes in every home, Jefferson Terry was designed to raise the bar for what workforce housing can look and feel like,” added Fadule. “This is exactly the kind of community we want to bring to fast-growing markets like McKinney.”

Jefferson Terry is designed by JPI, with structural engineering by Wright, MEP engineering by KLH, landscape architecture by LandDesign, interior design by Keaton, and civil engineering by Spiars.

About JPI

JPI is a leading developer dedicated to transforming building, enhancing communities, and improving lives. With a commitment to excellence and innovation, JPI delivers Class A multifamily housing that exceeds expectations and fosters vibrant neighborhoods. By focusing on sustainable development and strategic partnerships, JPI continues to shape the future of community living while positively impacting communities nationwide. For more information about JPI and its portfolio of projects, please visit jpi.com.

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