Cadence Development, LLC is an experienced advocate for the development of multifamily communities. While only established recently, the principals of the company have over 40 years of combined affordable housing development experience. Cadence was established with the goal of producing superior communities in areas where they are needed most. The operating principal, Tonya Haddock, has over 15 years in the affordable housing industry. Her experience in selecting solid real estate markets and product design is proven by the fact that none of her properties have taken over six months to fully lease-up.
Cadence concentrates its development efforts on historic adaptive reuse of existing structures but occasionally developments typical rehabilitation or new construction projects. By utilizing financing structures with Federal and State Low Income Housing Tax Credits (LIHTC), Federal and State Historic Tax Credits (HTC), Tax Exempt Mortgage Backed Revenue Bonds, grants and subsidies from federal, state and local municipalities, Cadence is able to create affordable apartment communities with high-end amenities and serve the tenants that need it most.
The company’s focus is based on sound real estate principles, the proposed market for a Cadence property is heavily scrutinized to ascertain feasibility and assure success for its owners and tenants. All communities are analyzed from a long-term perspective. Particular attention is paid to the employment, economic and demographic characteristics in determining the viability and depth of each market. In addition to the due diligence from a market standpoint, Cadence takes into consideration the physical components of each project. Each specific site is chosen for its unique features to allow for effective market penetration and cost effective development.
The end product is in every decision we make, and Cadence specializes in responding to the varying demands of any location while utilizing cost effective designs and above market-oriented amenities.
Cadence is committed and guarantees that genuine concern, care and consideration is given to provide the absolute best living environment and amenities to the residents of its community. Our mission is to develop a sustainable community that residents and city leaders can be proud to call their own.