Curated News
By: NewsRamp Editorial Staff
November 17, 2025
Palladium USA Opens 240-Home Affordable Community in Fort Worth
TLDR
- Palladium USA's new 240-home community demonstrates strategic partnerships with city and financial institutions to create affordable housing development opportunities.
- Palladium Oak Grove comprises 240 apartments across one-, two-, and three-bedroom units totaling 214,837 square feet on 9.846 acres with $58 million in development funding.
- This affordable housing community provides quality homes for households earning 30-80% of area median income, improving housing accessibility and neighborhood stability in Fort Worth.
- The grand opening featured resident testimonials, prize drawings, and guided tours of the new 240-home community developed through public-private partnerships totaling $58 million.
Impact - Why it Matters
This development addresses the critical shortage of affordable housing in growing urban areas like Fort Worth, where rising costs have made quality housing increasingly inaccessible for middle and low-income families. By providing 240 homes specifically for households earning 30-80% of area median income, Palladium Oak Grove helps stabilize neighborhoods, reduces housing cost burdens on working families, and supports economic diversity in the community. Such projects are essential for preventing displacement and ensuring that essential workers, teachers, and service industry employees can afford to live in the cities they serve, ultimately strengthening the social fabric and economic resilience of the entire region.
Summary
Palladium USA has officially opened Palladium Oak Grove, a significant 240-home apartment community in Fort Worth, Texas, marking a major milestone in affordable housing development. The grand opening celebration featured city and county leaders, ribbon-cutting ceremonies, resident testimonials, and guided tours of the new community. Located at 932 Oak Grove Road, this development specifically targets households earning between 30% and 80% of the area median income, offering one-, two-, and three-bedroom homes ranging from 751 to 1,154 square feet across a 9.846-acre site totaling 214,837 net rentable square feet.
The $58 million development represents a collaborative effort between multiple key players, including the Texas Department of Housing and Community Affairs (TDHCA), which issued $26 million in tax-exempt bonds purchased by Cedar Rapids Bank & Trust. PNC Bank contributed $23 million in tax-credit equity, while the City of Fort Worth provided $1.2 million in subordinate funding. The Fort Worth Housing Finance Corporation served as general partner, with Treymore Construction acting as general contractor. Tom Huth, President and CEO of Palladium USA, emphasized the company's mission to deliver high-quality, attainable housing, expressing gratitude to all partners involved in making the project a reality.
This opening represents just one part of Palladium USA's broader expansion strategy, with the company having closed three multifamily developments containing 548 apartment homes year-to-date in 2025. Two additional developments are planned to close within the next 45 days, and the company currently has ten properties under construction containing over 2,100 apartment homes. As a Texas-based developer, owner, and operator focused on long-term neighborhood impact, Palladium USA continues to partner with local governments and housing agencies to deliver well-designed communities. Readers can learn more about their mission and projects at palladiumusa.com, where the company showcases its commitment to professional management and thoughtful amenities that enhance resident experience.
Source Statement
This curated news summary relied on content disributed by 24-7 Press Release. Read the original source here, Palladium USA Opens 240-Home Affordable Community in Fort Worth
