Palladium USA Breaks Ground on $107M Mixed-Income Dallas Community

Palladium USA is launching construction on Palladium Buckner Station, a transformative $107 million mixed-income multifamily community in Southeast Dallas. The groundbreaking ceremony on October 2, 2025, marks the beginning of this ambitious transit-oriented development adjacent to the Buckner DART Station. Key players include Tom Huth, President and CEO of Palladium USA; Dallas City Council Member Jaime Resendez; Marcy Helfand, President of the Dallas Housing Finance Corporation; Caitlin Holland, Vice President of Real Estate & Economic Development at DART; and Kim Parker, Executive Director of Development and Site Selection for Palladium USA. The development represents a significant public-private partnership involving multiple organizations working together to address housing needs in the Dallas area.

The 304-unit community will feature a thoughtful mix of housing options, with 244 units available at below-market rates (60% of area median income) and 60 market-rate units. Residents will enjoy thoughtfully designed one-, two-, and three-bedroom floor plans, including 30 three-bedroom two-story townhomes. Interior finishes include granite countertops, nine-foot ceilings, hardwood-style flooring, dual sinks in primary baths, and covered balconies. The development will offer extensive upscale amenities including a resort swimming pool, state-of-the-art fitness center, conference center, business center, children's playroom, 1,600 square foot community room, playground, basketball court, gazebos with grilling stations, and a clubroom with mini-kitchen featuring upgraded appliances and quartz countertops. A unique public pedestrian promenade with enhanced landscaping will connect the community to the adjacent transit station.

The project's financing structure demonstrates the complexity of large-scale affordable housing development, featuring $34 million in tax credit equity, $26 million in bridge loan proceeds, and a $47 million FHA 221(d)(4) loan all provided by Regions Bank, plus $14.5 million in City of Dallas funding, $49.9 million in tax-exempt bonds issued through the Dallas Housing Finance Corporation, and $39 million in 4% housing tax credits approved by The Texas Department of Housing and Community Affairs. The development team includes ARRIVE Architecture Group for design and BBL Building Company as general contractor, working in joint venture with Operation Community Care. The four-story wrap building will include elevators and two structured parking garages. Preleasing is scheduled for Fall 2026, with the clubhouse and first units expected to be delivered in early 2027. As the holding company for all Palladium Group assets across the United States, Palladium USA continues its mission of providing quality, innovative housing solutions since its establishment in 1992.