In a significant move to address affordable housing needs in Harris County, the groundbreaking ceremony for Palladium Park Row Katy Living took place today in East Katy. The $33 million development, located at Greenhouse Road and Park Row, will offer 93 rental units, 62% of which are designated for low-income families. The project represents an important step toward easing the housing affordability crisis in the region and fostering stronger communities.

Harris County Precinct 4 Commissioner Lesley Briones was on hand to celebrate the milestone, emphasizing the importance of affordable housing in tackling the region’s rising eviction rates. According to officials, Harris County experienced more than 75,000 eviction cases in 2024 – 22,000 of which were in Harris County Precinct 4 – highlighting the critical demand for affordable living spaces.

“Behind every number is a family fighting to stay in their home. We are here to change that story. Together, we are turning challenges into solutions and dreams into reality,” said Briones.

The Palladium Park Row Katy Living project is designed to bring high-quality, affordable multi-family housing to the area. The 93-unit complex will feature a mix of one-, two-, and three-bedroom apartments, offering a variety of options for low-income residents. In addition to the residential units, the development will include amenities such as a pool, fitness center, business center, children’s playroom, and a clubhouse with a mini kitchen, providing spaces for recreation and community gatherings.

“We are incredibly grateful to Commissioner Briones and all of our partners who helped make this project a reality,” said a representative from the Harris County Housing & Community Development. “This development is a great example of how public and private entities can work together to create affordable housing and strengthen local communities.”

Palladium Park Row Katy Living is being developed in a public-private partnership between Palladium USA and the Harris County Housing Finance Corporation. The project also benefits from funding provided by the Texas Department of Housing & Community Affairs, PNC Bank, and Harris County’s ARPA funds. The financing includes $15 million in housing tax credits, $13.3 million in equity, and $12 million in long-term debt from PNC Bank. In addition, the Harris County ARPA allocation of $5 million is supporting the construction of the multi-family units.

The development is part of Harris County’s broader efforts to increase the availability of affordable housing. Through its Multi-Family Development Program, the county is focused on providing affordable housing options to families at or below 80% of the area’s median income. The project’s deed restrictions ensure that affordability will be maintained for at least 20 years, providing long-term stability for future residents.

“We’re excited to see the positive impact this development will have on the East Katy community,” said a spokesperson for Palladium USA. “Palladium Park Row Katy Living will not only meet the immediate housing needs of the region but also set a new standard for affordable housing developments moving forward.”

The first units are expected to be ready for occupancy in December 2025, with full project completion slated for December 2026. The development will include units reserved for low- to moderate-income households, as well as special accommodations for clients through the Coordinated Access System and designated mobility and vision/hearing units.