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FAQ: Palladium Oak Grove Apartment Community Grand Opening in Fort Worth
TL;DR
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.
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Palladium Oak Grove is a 240-home apartment community located at 932 Oak Grove Road in Fort Worth, TX, providing high-quality rental homes for households at 30-80% of area median income.
The grand opening occurred on November 17, 2025, featuring remarks from city and county leaders, a ribbon-cutting ceremony, resident testimonials, guided tours, refreshments, and resident prize drawings.
The community offers one-, two-, and three-bedroom homes with sizes of 751, 950, and 1,154 square feet respectively, totaling 214,837 net rentable square feet across approximately 9.846 acres.
Funding included $26 million in tax-exempt bonds from TDHCA purchased by Cedar Rapids Bank & Trust, $23 million in tax-credit equity from PNC Bank, and $1,200,000 in subordinate funding from the City of Fort Worth.
Key partners include the Texas Department of Housing and Community Affairs (TDHCA), Fort Worth Housing Finance Corporation (general partner), City of Fort Worth, PNC Bank, Cedar Rapids Bank & Trust, and Treymore Construction (general contractor).
According to Tom Huth, President and CEO of Palladium USA, their mission is to deliver high-quality, attainable housing for households at 30% to 80% of area median income, advancing affordable housing in the community.
Fort Worth City Councilmember Elizabeth Beck stated that investment in high-quality, affordable housing is a priority for the city, and Palladium is a valued partner in this mission to address housing needs.
Palladium USA has closed three multifamily developments containing 548 apartment homes year-to-date in 2025, with two additional developments planned to close in the next 45 days, and has ten properties under construction containing over 2,100 apartment homes.
Palladium USA is a Texas-based developer, owner, and operator of apartment communities focused on neighborhood impact and resident experience. More information is available at palladiumusa.com.
Curated from 24-7 Press Release
