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Zoning change by Plano City Council makes way for affordable housing community



PLANO, TX – Plano City Council approved a zoning request that allows for a proposed multifamily development with the goal of providing affordable housing in Plano.

The 5.3 acres of land on the corner of K Avenue and Park Boulevard is now rezoned from commercial to a planned development space.

The rezone was approved with a 5-3 vote during a Feb. 22 meeting.

The Plano Housing Authority is currently under contract to purchase the now rezoned land from the city of Plano for a proposed multifamily community called the K Avenue Lofts.

The development expects to include up to 226 apartments made up of a mixture of one-, two- and three-bedroom units. Forty-seven units will be open to any renter, while 179 units will be restricted to workforce households at 60% of the area median income, or approximately $60,000 maximum gross income.