Palladium USA hosted a grand opening celebration on May 13 for Palladium Park Row Katy Living, a $33 million mixed-income multifamily community at 19250 Park Row Blvd. in Houston.

The three-story community includes 93 apartment homes, with 58 affordable units for households earning between 30% and 80% of the Area Median Income (AMI) and 35 market rate units. The property reached full occupancy in less than three months, demonstrating the strong demand for high-quality, attainable housing in the Katy area, officials said.

Located on 3.2 acres, Palladium Park Row Katy Living features one-, two-, and three-bedroom floor plans with upgrades including granite countertops, 42-inch cabinetry, hard-surface flooring, designer lighting packages, large closets, and private balconies. Community amenities include a resort-style swimming pool, fitness center, business center, dog park, children’s playroom, sports court, grilling areas, EV charging stations, and a resident clubhouse.

“Today we are thrilled to celebrate with our residents at the grand opening of Palladium Park Row Katy Living,” said Kim Parker, Executive Director Development for Palladium USA. “With one of the fastest lease-ups in our company’s history, Palladium Park Row Katy Living delivers 93 high-quality, attainable homes with modern amenities for individuals and families in the Katy area. We thank Harris County, the Harris County Housing Finance Corporation, our partners, our residents, and our on-site team, and we remain committed to strong property operations and long-term stewardship.”

Palladium Park Row Katy Living is a public-private partnership with the Harris County Housing Finance Corporation (HCHFC) and is supported by funding from Harris County, the Texas Department of Housing and Community Affairs, and PNC Bank.

“Our mission is to expand and preserve affordable housing across Harris County,” said Rene Martinez, executive director of HCHFC. “We are helping to deliver thousands of new affordable housing units to the market, giving homes and hope to people who need it the most.”

“Park Row Katy serves as a vital cornerstone of our commitment to Harris County residents, ensuring these homes stay affordable so families can focus on their futures and really thrive within their communities,” said Thao Costis, Executive Director of Harris County Housing & Community Development.

Financing was provided by:

• Harris County provided $5 million in U.S. Treasury American Rescue Plan Act (ARPA) funding

• The Texas Department of Housing and Community Affairs provided $15 million in 9% Low-Income Housing Tax Credits

• PNC Bank provided $13.3 million in tax credit equity and more than $12 million in long term debt

The unit mix consists of:

• Six units for households earning 30% or less of the Area Median Income (AMI)

• 24 units for households earning 50% or less of AMI

• 22 units for households earning 60% or less of AMI

• Five units for households earning 70% or less of AMI

• One unit for households earning 80% or less of AMI

• 35 market-rate units


About Harris County Finance Corporation

The Harris County Housing Finance Corporation (HCHFC) creates affordable housing opportunities for Harris County residents. The Corporation is authorized to issue debt for the purpose of supporting affordable single-family home mortgages or interests and providing financing for multi-family housing projects for low- and moderate-income owners. The Corporation is led by a nine-member Board of Directors appointed by Harris County Commissioners Court.

About Harris County Housing & Community Development

Harris County Housing & Community Development strives to strengthen communities by investing in housing, infrastructure, and services that promote resiliency. It seeks to have safe, sustainable communities where everyone thrives, and no one is left behind. Learn more at hcd.harriscountytx.gov.

About Palladium USA

Palladium USA has 10 multifamily communities currently under construction across Texas, representing approximately $618 million in development value and more than 2,200 apartment homes. These communities are located in Mesquite, McKinney, Fort Worth, San Antonio, Houston, and Dallas.