Palladium USA celebrated the grand opening of Palladium Oak Grove, a 240-home apartment community in Fort Worth located at 932 Oak Grove Road.
FORT WORTH, TX, November 17, 2025 /24-7PressRelease/ -- Palladium USA celebrated the grand opening of Palladium Oak Grove, a 240-home apartment community in Fort Worth located at 932 Oak Grove Road. It featured remarks from city and county leaders, a ribbon-cutting ceremony, resident testimonials, guided tours, and refreshments. Resident prize drawings took place during the event.
Palladium Oak Grove provides high-quality rental homes serving households at 30 to 80 percent of area median income (AMI). The community includes one-, two-, and three-bedroom homes containing 751, 950, and 1,154 square feet, respectively. The residential area totals 214,837 net rentable square feet on a site of roughly 9.846 acres.
The total development cost was $58 million. The Texas Department of Housing and Community Affairs ("TDHCA") issued $26 million in tax-exempt bonds purchased by Cedar Rapids Bank & Trust, PNC Bank invested $23 million in tax-credit equity, and the City of Fort Worth provided $1,200,000 in subordinate funding. The Fort Worth Housing Finance Corporation is the general partner and Treymore Construction was the general contractor in partnership with the Fort Worth Housing Finance Corporation.
"Today we are thrilled to celebrate with our residents at the grand opening of Palladium Oak Grove," said Tom Huth, President and CEO of Palladium USA. "This 240-home community in Fort Worth advances our mission to deliver high-quality, attainable housing for households at 30% to 80% of area median income. We are grateful to TDHCA, the Fort Worth Housing Finance Corporation, the City of Fort Worth, PNC Bank, and Cedar Rapids Bank & Trust for their partnership."
"Investment in high-quality, affordable housing is a priority for the City of Fort Worth. I appreciate having a partner in that mission with Palladium," said Fort Worth City Councilmember Elizabeth Beck (District 9).
Palladium USA has closed three multifamily developments YTD 2025, containing 548 apartment homes, with two additional developments planned to close in the next 45 days, and has ten properties under construction, containing over 2,100 apartment homes.
About Palladium USA
Palladium USA is a Texas-based developer, owner, and operator of high-quality apartment communities focused on long-term neighborhood impact and resident experience. The company partners with local governments, housing finance agencies, and community organizations to deliver well-designed homes with thoughtful amenities and professional management. Learn more at palladiumusa.com.
---
Press release service and press release distribution provided by https://www.24-7pressrelease.com
