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Stone House Development, Inc. is a Madison, WI based real estate development, management and consulting firm specializing in Section 42 LIHTC properties as well as commercial and mixed-use properties. Our services include:


  • 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
  • Secondary Financial Consulting

    • The principals of Stone House Development have successfully negotiated HOME, CDBG, TIF and many other below market rate loan and grant agreements throughout Wisonsin, as well as in Minnesota, Indiana, Ohio and Texas.

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