Welcome to the Cabouchon Properties, LLC web site. Cabouchon was created in 1997 to acquire, rehabilitate and hold multifamily apartment buildings. Since that time, the company has acquired over $125 million of properties and has spent more than $30 million on rehabilitation and improvements. Cabouchon currently owns 16 apartment properties in five states (Alaska, California, Ohio, Pennsylvania, and Virginia) totaling 2,105 apartment units. The properties range in size from 64 to 266 units with some sites incorporating learning centers and/or retail space.
Cabouchon was one of the first developers in the nation to successfully transition a HUD-financed Section 236 property with a project-based Section 8 contract to a Section 42 tax credit property without the need of subsidy funds from local government. In addition, Cabouchon was one of the first developers to preserve an affordable project at risk of being converted to market rate housing by combining HUD Interest Reduction Payments (IRP) with tax exempt bonds and Section 42 tax credits.