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FAQ: Palladium Cockrell Hill Senior Living Community in Dallas, TX
TL;DR
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.
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Palladium Cockrell Hill Senior Living is a $34 million independent senior living community in Dallas, Texas, offering 120 residences for seniors aged 62 and older, with 88 income-restricted homes and 32 market-rate homes.
The community is located at 4220 Blue Ridge Blvd., Dallas, TX 75236, providing convenient access to major roadways, healthcare providers, retail centers, and community services in the Dallas-Fort Worth Metroplex.
The community offers 120 one- and two-bedroom residences, with 88 homes income-restricted for households earning between 30% and 80% of the area median income (AMI) and 32 homes available at market rates.
Amenities include a resident clubhouse, fitness center, business center, conference room, movie theater, multipurpose room, resort swimming pool with ramp, dog park, pickleball court, and interior features like energy-efficient appliances, modern cabinetry, walk-in closets, granite kitchen islands, and accessible layouts.
Palladium USA developed the project with design by Cross Architects and construction by Pavilion Construction. Financing included an $11.5 million HUD 231 loan, $16.8 million in tax credit equity from Regions Bank, a $5 million HOME loan from the City of Dallas, and 2024 9% Housing Tax Credits from TDHCA.
Preleasing is scheduled to begin in fall 2026, with first units expected to deliver in early 2027.
This is Palladium's sixth multifamily development in Dallas, Texas, and they closed four multifamily developments in 2025 containing 668 apartment homes, with ten properties under construction containing 2,000 apartment homes.
Operation Community Care Living (OCC Living) will spearhead the community's resident enrichment programming, offering services designed to enhance the daily lives of every senior resident.
Visit their website at https://palladiumusa.com for more information about Palladium USA and their developments.
Curated from 24-7 Press Release
