Full-Service Development of Multi-Family Properties

As the developer, Stone House is responsible for site selection, securing all necessary project approvals, financing and equity along with project design and construction supervision.

Section 42 Application Assistance

Stone House has the experience and knowledge to assist with the application process. The principals of Stone House Development have successfully completed for Section 42 affordable housing tax credits in Wisconsin, Illinois, Texas, and Minnesota.

Management and Section 42/LIHTC Compliance

Stone House Development provides property management and Section 42 compliance services to their portfolio as well as third parties.

Certified Historic Structure Tax Credit Assistance

The principals of Stone House Development have successfully completed adaptive reuse projects utilizing school buildings, warehouses, factories, railroad depots, and hotels.

Financial Feasibility Analysis

Stone House Development utilizes proforma model developed by the principals specifically for Section 42 and tax credit real estate investments.

Stone House Development, Inc. is a leading developer of multi-family properties using Section 42 and Historic Tax Credits.

As developer and property manager, Stone House is responsible for securing all necessary project financing, including equity; supervising the project’s design, construction, and marketing; and providing long term management of the project.

Development Services Include

• Approvals
• Financing
• Site Selection
• Construction and Design Supervision
• Financial Feasibility
• LIHTC Application Process

Stone House Development, Inc. is committed to providing quality management for high-quality apartment and condominium communities. Stone House employs a team of qualified individuals to ensure our ability to maintain high standards for building management, maintenance and resident services.

Stone House Development is currently the property manager and Section 42 compliance specialist for 20 apartment projects located in Wisconsin. Of the 20 properties, 7 are historic renovations containing mixed income housing. The other properties are new construction either 100% affordable or mixed properties. The Stone House team also performs management and accounting services for other property owners.

Management Services Include

• Staffing
• Training
• Accounting
• Section 42 Compliance
• Maintenance
• Marketing

2023

ABC of Wisconsin Awards Associated Builders and Contractors Gold Award for NoVo in Madison, Wisconsin

2022

Commercial Design Award Best New Development - Residential Awarded to NoVo Apartments

AGC Build Wisconsin Award Awarded to NoVo Apartments for Commercial - New Construction

2021

IB Commercial Design Awards Best New Development or Renovation: Mixed Use Awarded to Arden in Madison, Wisconsin.

ABC of Wisconsin Awards Associated Builders and Contractors Silver Award for Arden in Madison, Wisconsin

IB Commercial Design Awards Best New Development: Residential (Multiunit)  Awarded to NoVo in Madison, Wisconsin.

2018

Projects of Distinction Award Associated Builders and Contractors Silver Award for Lyric in Madison, Wisconsin

Mayor’s Design Award Design for Living Award for Lyric and The Breese in Madison, Wisconsin

Build Wisconsin Award Associated General Contractors – Stevens Construction Corp. awarded to Lyric in Madison, Wisconsin

New Development of the Year Honorable Mention Awarded to The Breese in Madison, Wisconsin

2017

Top Projects of 2017 The Daily Reporter awards Lyric in Madison Wisconsin

2011

Energy Star Certification Awarded to The Overlook at Hilldale in Madison, Wisconsin.

2010

Energy Star Certification City Row Apartments in Madison, Wisconsin are the first Energy Star-qualified multifamily high-rise building in Wisconsin, and only the 17th in the nation.

2007

Education Design Showcase Award The Education Design Showcase Award for UW-Platteville Residence Hall from 2007 - 2008. The award is for college planning and management project of distinction.

2006

Wisconsin Historic Restoration Award From the Wisconsin Historical Society for the restoration and adaptive use of the Wausau East High School in Wausau, Wisconsin

2004

NAHB Senior Housing Award For the Prairie Park Senior Apartments in Madison, Wisconsin

Historic Preservation Award Presented by the Wisconsin Historical Society for the Amity Apartments in West Bend, Wisconsin

2001

Preservation Award For the Shoe Factory Apartments in Beaver Dam, Wisconsin

2000

Best Adaptive Reuse Award Schoolhouse Apartments in Jefferson, Wisconsin

1999

Best Private Downtown Development