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. 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.

Discover NoVo Apartments in Downtown Madison, located just steps from the Wisconsin State Capitol. Offering a fresh perspective on city living, NoVo blends modern luxury with easy access to the farmers' market, dining, shopping, entertainment, and the nearby lakes. Enjoy contemporary amenities in the heart of Madison.
Say YES to convenient location, thoughtful design, an array of amenities and well-appointed finishes – Say yes to NoVo!
AFFORDABLE RENT PROGRAM
Select apartments at NoVo are offered at reduced rent amounts as part of an Affordable Rent Program.
Affordable rent apartments are subject to moderate income and student status restrictions. Households must meet program eligibility requirements.
60% Income Limit
1 Person - less than $56,880
2 People - less than $64,980
3 People - less than $73,080
4 People - less than $81,180
80% Income Limit
1 Person - less than $74,800
2 People - less than $85,450
Maximum income is determined by household size and is based on gross annual (pre-tax) income. Moderate-income and student status restrictions apply. Units cannot be entirely occupied by full-time students. Some exemptions apply - contact us for details. (Pricing, inclusions, and eligibility subject to change)

NoVo Apartments

28 Available Units at NoVo Apartments

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