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Members in the News

Palladium Fain Street closes LIHTC development in Ft. Worth

Palladium Fain Street closes LIHTC development in Ft. Worth

Palladium closed its second 2020 9% low-income housing tax credit Multifamily Development for 2021 in February with the closing of Palladium Fain Street at 1069 Kings Highway in Fort Worth. This is a four-story, 90-unit mixed-income multifamily development with 81 units set aside for those earning between 30% – 60% of area median income with 10% of the units at market rate.

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New Hope Housing Avenue J Receives $750K for Houston Affordable Housing

New Hope Housing Avenue J Receives $750K for Houston Affordable Housing

Wells Fargo Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have joined together to provide a $750,000 Affordable Housing Program (AHP) subsidy to New Hope Housing Inc. to help fund a $34.9 million supportive housing development near downtown Houston, Texas. Called New Hope Housing Avenue J (NHH Avenue J), the 100-unit, transit-oriented apartment community targets families earning 60 percent of the area’s median income in a neighborhood known as the historic East End. Construction started in June 2020, and progress is well underway. Project completion is anticipated in April 2022.

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