Business Details
30 Years
experience
Emergency
services
Trusted Home Builders in Madison, WI
Founded in 1996 by Helen Bradbury and Richard Arnesen, Stone House Development has established itself as a leader in multifamily housing development and property management in Madison, Wisconsin. With nearly two decades of experience, we specialize in creating high-quality, sustainable housing through Section 42 affordable housing tax credits and historic tax credit projects. Our portfolio includes over 1,500 apartments across Wisconsin, combining market-rate and affordable units. Recognized with 17 industry awards, our full-service approach covers site selection, financing, design, construction, and long-term property management.We maintain rigorous compliance standards for Section 42 and LIHTC programs while offering financial feasibility analysis tailored to tax credit investments. Our expertise extends to adaptive reuse projects, transforming historic structures like schools and warehouses into modern living spaces. Through strategic partnerships and a dedicated team, we ensure exceptional resident services and property maintenance across our managed communities. Our commitment to excellence has earned recognition from local, state, and national organizations for innovative design and construction quality.
Services
Full-Service Development
Section 42 Assistance
Property Management
Historic Tax Credits
Financial Feasibility Analysis
Details
- Year established: 1996
Highlights and features
- We offer 19 years of experience in multifamily housing development.
- Our team specializes in Section 42 and historic tax credit projects.
- We have received 17 industry awards for construction excellence.
- We provide full-service property management for 20+ apartment communities.
- Our portfolio includes adaptive reuse of historic structures in 4 states.
Services
Full-Service Development
We handle complete multifamily property development from site selection through construction. Our services include securing project approvals, arranging financing, supervising design and construction, and long-term management. With expertise in tax credit investments, we deliver sustainable housing solutions that meet market needs.
Section 42 Assistance
Our team provides expert guidance through the Section 42 affordable housing tax credit application process. We assist with documentation, compliance requirements, and project feasibility analysis. This service helps developers maximize tax incentives while creating quality affordable housing units in compliance with federal regulations.
Property Management
We offer comprehensive property management services for multifamily communities. Our capabilities include resident services, maintenance, accounting, marketing, and Section 42 compliance. With 19 years of experience managing 20+ properties, we ensure high standards of operation and resident satisfaction across both affordable and market-rate housing.
Historic Tax Credits
Our specialists handle adaptive reuse projects using certified historic structure tax credits. We transform buildings like schools and warehouses into modern living spaces while preserving historical integrity. This service combines tax incentives with innovative design to create unique residential communities in historically significant structures.
Financial Feasibility Analysis
We provide detailed financial modeling for tax credit real estate investments. Our proprietary proforma models assess project viability, return on investment, and compliance requirements. This service helps investors and developers make informed decisions about multifamily housing projects using Section 42 and historic tax credit financing structures.
People
Helen Bradbury
Co-Founder
Co-founder of Stone House Development with 28 years of experience in multifamily housing development and property management. Specializes in tax credit financing and historic preservation projects.
Richard Arnesen
Co-Founder
Co-founder with extensive expertise in Section 42 tax credit applications and multifamily property development. Leads strategic initiatives for Stone House Development's affordable housing projects across multiple states.
Questions
What types of housing does Stone House Development offer?
We develop and manage both market-rate and affordable multifamily housing units using Section 42 and historic tax credit programs across Wisconsin and surrounding states.
How can I apply for Section 42 affordable housing?
Our team provides application assistance for Section 42 affordable housing. Visit our website or contact us directly for specific application requirements and availability.
Do you offer emergency maintenance services?
Yes, we provide emergency maintenance services. Call (608) 251-6000 for urgent maintenance needs at any of our managed properties.
What areas do you serve?
We primarily serve Wisconsin with properties in Madison and surrounding areas. We also develop projects in Illinois, Texas, and Minnesota through our tax credit programs.
Can I tour your properties?
Yes, visit our website for property locations and contact information to schedule tours of available apartments in our managed communities.
