Madhouse Development Services, Inc. (“Madhouse”) was established in 1999 by a group of housing and community development professionals who were segueing from local and state government to the private development sector. With over 20 years of continuous success, Madhouse is well established in the multifamily housing industry, providing expertise in the areas of finance, development, construction, and asset management of quality affordable and market-rate rental housing. Through hard work and dedication to its principles, Madhouse has earned a reputation as a developer who balances respect for value with sensitivity to environment and design. After developing thousands of apartment homes, Madhouse has refined the ability to assess proposals on the basis of sound economic principles. Our success is measured by the lasting legacy we leave in the communities we serve. We believe our long-term prosperity is rooted in the broader business of community building. Madhouse strives to find innovative, carefully considered solutions that are the most financially, environmentally, and socially rewarding for our clients and of the greatest value to the citizens we serve. Our relationships are long term rather than transactional and built upon the cornerstones of integrity, reliability, transparency, and performance. In 2014, 2015, 2016, 2019, and 2020, Madhouse was ranked in the list of the Top 50 Affordable Housing Developers in the country by Affordable Housing Finance Magazine.

Madhouse has participated in the development of conventional market-rate apartment communities though its primary focus is on the financing of complex affordable housing transactions via a number of local, state, and federal funding sources. In an intensely competitive environment, the principals of Madhouse have compiled a highly successful record in receiving awards via the Housing Tax Credit Program (“HTC”). Since its inception, the principals of Madhouse have developed over 5,400 units of affordable housing at a total investment exceeding $700MM. The company has chosen to concentrate its efforts in Texas, due to the large low and moderate income population base and the lack of availability of quality, affordable multifamily communities though it has also experienced success in Mississippi and Colorado.

Madhouse has also been involved in tax-exempt bond financed properties utilizing both the Private Activity Bonds and 501(c)(3) bonds in partnership with Public Housing Authorities, Community and Economic Development Corporations, and Community Housing Development Organizations. Madhouse has also sponsored development activity utilizing federal funds from the HOME Investment Partnership Program and the Community Development Block Grant Program.

The principal founder was Henry Flores who committed the first 20 years of his career to public service with 15 years of tenure in local government followed by his appointment by Governor Ann Richards as the first Executive Director of the Texas Department of Housing and Community Affairs. He continued to serve in that capacity under Governor George W. Bush and subsequently was appointed Chairman of the Federal Home Loan Bank by President Bill Clinton and then again by President George W. Bush serving both Democratic and Republican administrations at the state and federal levels.

In 2011, he was joined by his son, Henry IV, who serves as the Vice President of the privately held, family owned corporation and oversees the planning and implementation of all development activities. The strength of Madhouse is their dedicated and highly qualified staff which includes Vice President of Development Michael Tamez, Development Manager Alyssa Flores, Development Associate Jonathan Estrada, Vice President of Accounting Alia Govani, Senior Accountant Katherine Garcia, Senior Asset Manager Allison Ma, Resident Services Manager Laura Irwin, Office Manager Renee Marble, and a cadre of exceptional third-party professionals.

In 2016 Madhouse underwent a transformation by implementing a branding strategy for its developments with the creation of Avanti Communities, the conglomerate for three distinct brands including, Avanti, high-quality affordable rental communities, Avanti Legacy, active independent senior living communities, and Avanti Marquis, our high-end luxury rental communities, with each community being unique and designed to each specific demographic it serves. Furthermore, Avanti Resident Services was also created to focus on building a sense of community and improving the overall quality of our resident’s lives by providing programs that deliver quality instruction in basic adult education, financial literacy, healthier lifestyles and wellness, youth development, K-8 scholastic tutoring, activities focused on enhancing the lives of elderly families facing retirement on limited incomes, and so much more. In addition, our programs facilitate linking our residents with local non-profits and various community resources to further promote resident empowerment, personal development, and financial literacy.

Madhouse is committed to developing more than just buildings. We insist on using creative land planning to ensure the quality multifamily housing we develop blends harmoniously with the surrounding community. We are creating apartment homes, lofts, and townhouses surrounded by abundant and attractively landscaped green space and a full array of amenities such as community and fitness rooms, learning centers, playgrounds, pools, and spas for residents to enjoy. Working closely with local governments and community organizations, we build long lasting, positive relationships with neighborhoods that families are proud to call home and where they can prosper and grow in a safe and affordable environment.