Madison, WI based real estate development, management and consulting firm specializing in Section 42 LIHTC properties as well as commercial and mixed-use 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.
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.
Stone House Development provides property management and Section 42 compliance services to their portfolio as well as third parties
The principals of Stone House Development have successfully completed adaptive reuse projects utilizing school buildings, warehouses, factories, railroad depots, and hotels.
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
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:
2023
ABC of Wisconsin Awards
Associated Builders and Constrictors 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 Constrictors 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 Constrictors 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