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About2017-11-13T15:11:31-04:00

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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.

Meet Our Team

Tonya Haddock
Tonya HaddockManaging Partner
Tonya Haddock is the Managing Member of Cadence Development, LLC. Tonya specializes in conducting market and financial feasibility studies for potential historic adaptive re-use development and acquisition opportunities. Tonya manages the preparation of debt and equity packages, prepares due diligence documents for loan and syndication proceeds and oversees construction draw requests as well as maintaining accounting procedures for budgets, cost certifications and coordinating and maintaining rapport with consultants, contractors, lenders, investors and legal counsel, to ensure a smooth transition during all phases of the development process. Tonya plays an integral role in the property and construction management of historic developments from site selection through rental acheivement and beyond. Using a broad array of financial tools, Cadence is able to create affordable apartment communities with high-end amenities, and serve tenants that need it most.

For over 10 years, Tonya has been actively involved in the development of over 800 units. Her developments have received the following accolades:
“Timmy” Award, Excellence in Historic Rehabilitation, Most Innovative Reuse Category – National Housing & Rehabilitation Association;
Martinsville Lofts, 2012 Monarch Bank Leadership Board; 2011 Multi-Family Renovation Project of the Year – Earth Craft Virginia, Martinsville Lofts;
2012 Design Award of Merit – AIA Blue Ridge Chapter, Martinsville Lofts; North Carolina Housing Award for Investment and Achievement in Affordable Housing – Asheboro Mill Lofts 2014; Multifamily Renovation Project of the Year 2016 – Earth Craft VA – Jefferson Brockville Apartments.

Our Core Values

Hill Tide Partners is an entrepreneurial firm, with a strong focus on quality of life and relationships for long-term success.  Our core values reflect the culture of our organization, and serve as a compass for our actions.

Meet the Managing Partner

Tonya Haddock is the Managing Member of Cadence Development, LLC.  Tonya specializes in conducting market and financial feasibility studies for potential historic adaptive re-use development and acquisition opportunities.  Tonya manages the preparation of debt and equity packages, prepares due diligence documents for loan and syndication proceeds and oversees construction draw requests as well as maintaining accounting procedures for budgets, cost certifications and coordinating and maintaining rapport with consultants, contractors, lenders, investors and legal counsel, to ensure a smooth transition during all phases of the development process.  Tonya plays an integral role in the property and construction management of historic developments from site selection through rental acheivement and beyond. Using a broad array of financial tools, Cadence is able to create affordable apartment communities with high-end amenities, and serve tenants that need it most.

Trusted Partners

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