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$30 million mixed-income housing community opens in far west Fort Worth

Posted Oct. 23, 2019

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a building
Residents at Palladium Fort Worth live in energy-efficient apartment homes with numerous amenities.

Officials from Fort Worth Housing Solutions (FWHS) and Palladium USA joined residents to celebrate the grand opening and ribbon cutting of Palladium Fort Worth, 9520 Club Ridge Drive.

In a public-private partnership, Fort Worth Housing Solutions and Palladium USA developed the property using 9% low-income tax credits. More than half the apartments at the 150-unit community are affordably priced for families earning up to 60 percent of the area’s median income. Fifteen are new homes for families who relocated from Butler Place Apartments, a public housing property, through HUD’s Rental Assistance Demonstration program.

“Palladium Fort Worth helps meet our city’s urgent need for housing that is reasonably priced for the workforce,” said Mary-Margaret Lemons, FWHS president. “We’re pleased with our partnership with Palladium USA and are especially proud of the property’s high quality and proximity to major employers like Lockheed Martin.”

Residents at Palladium live in energy-efficient apartment homes with a spacious kitchen that includes stainless steel appliances and granite countertops. They can enjoy a swimming pool, gazebo and clubhouse with an expansive fitness center, business center and children’s activity room with lots of toys and books.

Monthly rents range from $561-$1,400, depending on unit size. All the units are leased due to the high demand for affordably-priced housing in Fort Worth.

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