Curated News
By: NewsRamp Editorial Staff
January 12, 2026
Palladium USA Opens $34M Mixed-Income Senior Living Community in Dallas
TLDR
- Palladium USA's $34 million Cockrell Hill Senior Living expansion offers investors tax credit opportunities and positions the company as a leader in Dallas's mixed-income senior housing market.
- Palladium Cockrell Hill Senior Living is a 120-unit community with 88 income-restricted and 32 market-rate homes, financed through HUD loans, tax credits, and city funding for a 2027 delivery.
- This mixed-income senior community provides affordable, accessible housing with wellness amenities, enhancing quality of life for Dallas seniors and fostering intergenerational connection.
- The new senior living community features a pickleball court, movie theater, and resort pool, blending luxury amenities with practical design for an active lifestyle.
Impact - Why it Matters
This development addresses the critical shortage of affordable senior housing options in growing metropolitan areas like Dallas-Fort Worth. With an aging population and rising housing costs, mixed-income communities like Palladium Cockrell Hill provide essential housing solutions that allow seniors to age in place with dignity and community support. The project's financing structure demonstrates how public-private partnerships can create sustainable housing models that serve diverse economic needs while stimulating local economic development through construction jobs and ongoing community services.
Summary
Palladium USA has announced the closing of Palladium Cockrell Hill Senior Living, a $34 million independent senior living community in Dallas, Texas, marking a significant expansion in the company's mixed-income housing portfolio. This four-story development will offer 120 residences for seniors aged 62 and older, with a thoughtful mix of 88 income-restricted homes for households earning 30-80% of the area median income and 32 market-rate units. The community represents Palladium's sixth multifamily project in Dallas and demonstrates their ongoing commitment to providing attainable, high-quality housing options for seniors in the region.
The new community, designed by Cross Architects and constructed by Pavilion Construction in partnership with Operation Community Care Living (OCC Living), features comprehensive amenities designed to promote connection and wellness. Residents will enjoy a clubhouse, fitness center, business center, conference room, movie theater, multipurpose room, resort swimming pool with ramp, dog park, and pickleball court. Interior features include energy-efficient appliances, modern cabinetry, walk-in closets, granite kitchen islands, and accessible layouts, all within an upscale traditional exterior design. OCC Living will spearhead resident enrichment programming to enhance daily life for all seniors at the community.
Financing for this ambitious project included an $11.5 million HUD 231 loan, $16.8 million in tax credit equity from Regions Bank, and a $5 million HOME loan from the City of Dallas, with the community receiving 2024 9% Housing Tax Credits from the Texas Department of Housing and Community Affairs. Located at 4220 Blue Ridge Blvd. on a 5.15-acre site, the community offers convenient access to major roadways, healthcare providers, retail centers, and community services in the Dallas-Fort Worth Metroplex. Preleasing is scheduled to begin in fall 2026, with first units expected to deliver in early 2027, continuing Palladium USA's impressive growth trajectory that includes four multifamily developments closed in 2025 and ten properties currently under construction.
Source Statement
This curated news summary relied on content disributed by 24-7 Press Release. Read the original source here, Palladium USA Opens $34M Mixed-Income Senior Living Community in Dallas
