Foxy Management
Foxy Management (DBA Foxy Development) is a family-owned New York City real estate developer specializing in affordable, supportive, and senior housing, with over 1,300 units delivered and $500+ million of development executed across the five boroughs and New York State.
- Company typePrivate
- Founded2005
- HeadquartersBronx, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Foxy Management does
Foxy Management (DBA: Foxy Development; legal entity: Foxy Management LTD) is a family-owned, private real estate development firm founded in 2005 by Shelly Fox, a CPA with 45 years of real estate experience, and his son Jeff Fox, a Georgetown Law-trained attorney with 15 years of affordable housing experience. Headquartered in Mott Haven, Bronx, New York, the company specializes in the acquisition, development, and construction of affordable, supportive, and senior housing throughout New York City and New York State. To date, Foxy has delivered over 1,300 affordable and supportive housing units with more than $500 million in aggregate development executed and roughly $350 million in pre-development pipeline.
The firm's product is full-service real estate development rather than a software or consumer product. Foxy orchestrates the capital stack, design, and construction of multi-story residential and mixed-use complexes, integrating biophilic design, passive house construction standards, photovoltaic solar arrays, green walls, and landscaped community amenities. Notable completed projects include Garden Towers (150 senior units, $93M, 2023), Arthur Avenue (177 senior units, $91M, 2021), 1880 Boston Road (168 senior units, $78M, 2018), and an earlier generation of family developments such as Trinity Apartments, Friendly Hands, and East Tremont. Its three-project pipeline (The Perennial, Silver Beach, Sol on Park) totals roughly $469 million and is concentrated in Queens and the Bronx.
Foxy's revenue model is project-based developer fees, LIHTC equity participation, and asset management on the repositioned Prospect & Westchester portfolio (acquired via 2022 LIHTC-investor buyout). Pricing is not consumer-facing; project capitalization is structured through Federal and NY State Low-Income Housing Tax Credits, Tax-Exempt and Taxable Bond Financing, NYS Brownfield Tax Credits, and State Energy Programs. Go-to-market is sales-led and partnership-driven: Foxy works directly with government agencies (NYC HPD, NYC HDC, NYS HCR, NYS HFA, NYC HRA) and a recurring set of non-profit co-developers (RiverSpring Living, Alembic, Selfhelp, HANAC, Barrier Free Living), supported by financial partners (TD Bank, JP Morgan Chase, Citibank, CPC, Boston Financial) and, increasingly, larger co-developers such as NRP Group.
Foxy Management firmographics
Firmographics- Name
- Foxy Management
- Legal name
- Foxy Management LTD
- Website
- https://foxymanagement.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Foxy Management (DBA Foxy Development) is a family-owned New York City real estate developer specializing in affordable, supportive, and senior housing, with over 1,300 units delivered and $500+ million of development executed across the five boroughs and New York State.
- Ownership category
- akta.pro rank
Foxy Management industry classification
Industry- Product category
- Affordable Housing Development
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)
Keywords
Where Foxy Management is headquartered
LocationHeadquarters
- HQ city
- Bronx
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Foxy Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales
Revenue model
- Affordable Housing Development: Foxy Development generates revenue by developing residential and mixed-use affordable housing projects throughout New York City and New York State. The company acquires, develops, and builds projects on time, on budget, and on brand, working with various government financing programs including Federal and NY State Low-Income Housing Tax Credits, Tax-Exempt and Taxable Bond Financing, NYS Brownfield Tax Credits, and other government incentive programs.
- Property Management Services (Historical): From 2005 to 2022, the company operated a property management firm as an extension of their development work. In 2022, they began outsourcing property management to focus exclusively on development.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Foxy Management product offering
Product offeringCore offering
Foxy Management (operating as Foxy Development) is a full-service real estate development firm that acquires, develops, and builds residential and mixed-use affordable, senior, and supportive housing projects throughout New York City and New York State. The company orchestrates complex project teams across investors, banks, architects, builders, non-profits, and government agencies, and develops sustainable, biophilic-design housing leveraging government financing programs including Federal and NY State Low-Income Housing Tax Credits, Tax-Exempt Bond Financing, and NYS Brownfield Tax Credits.
Product overview
Foxy Management is a family-owned real estate development firm specializing in affordable and supportive housing development in New York City and New York State. The company operates a portfolio of completed housing projects and pipeline developments, including senior housing (Garden Towers, Arthur Avenue, 1880 Boston Road), family housing (Trinity Apartments, Friendly Hands, East Tremont, Prospect & Westchester), and supportive housing (Barrier Free Living, Casabe Houses). The company also operates the Foxy Wall Project, a community mural initiative. Pipeline projects include The Perennial (Queens), Silver Beach (Queens), and Sol on Park (Bronx). The company leverages various government financing programs including Federal and NY State Low-Income Housing Tax Credits, Tax-Exempt Bond Financing, and NYS Brownfield Tax Credits.
Differentiator
Problem solved
Functional benefit
Brands
- Foxy Wall Project: Community mural initiative bringing together muralists and communities. The project involves creating murals on buildings developed by Foxy as a way to give back to the communities they serve.
Products and services
- Affordable Housing Development Services Full-service real estate development service specializing in acquiring, developing, and building residential and mixed-use affordable housing projects throughout New York City and New York State. Orchestrates complex multi-stakeholder projects across investors, banks, architects, builders, non-profits, and government agencies, leveraging Federal and NY State Low-Income Housing Tax Credits, Tax-Exempt and Taxable Bond Financing, and NYS Brownfield Tax Credits.
- Garden Towers
- Arthur Avenue Senior Housing Completed $91 million supportive senior housing development in the Bronx with 177 supportive senior units and over 12,000 sq ft of amenity space, including landscaped terraces with gardening boxes, teaching kitchen, exercise room, arts and crafts room, library, recreation/game room, indoor greenhouse, and a green wall at the building entrance. Completed 2021.
- 1880 Boston Road Senior Housing Completed $78 million supportive senior housing development in the Bronx with 168 supportive senior units and over 8,500 sq ft of amenity space, including a 5,000 sq ft painted and landscaped roof terrace, yoga room, arts and crafts room, lounge/library, and other multi-purpose rooms. Completed 2018.
- Barrier Free Living Apartments Completed $43 million permanent supportive housing development in New York with 120 units, comprising 70 supportive studio units and 50 supportive family units, for formerly homeless survivors of domestic violence and families. Completed 2015.
- Trinity Apartments Completed $20 million affordable family housing development in a 4-building complex with 187 affordable family units, renovated to modern energy standards including a solar roof array on 3 of the 4 buildings. Completed 2015.
- Friendly Hands Apartments Completed $22 million affordable family housing development with 76 affordable family units and large community facility space. Completed 2009.
- East Tremont Apartments Completed $19 million affordable family housing development with 73 affordable family units and a large community facility space. Completed 2008.
- Prospect & Westchester Apartments
- Casabe Houses Completed $17.5 million supportive senior housing development with 125 supportive senior units, completed through extensive renovation via HUD 202 refinancing and tax-exempt bond financing. Completed 2007.
- The Perennial
- Silver Beach
- Sol on Park
Quantifiable outcome
- Over 1,300 affordable and supportive housing units delivered through partnerships
- +3 more outcomes
Companies that use Foxy Management
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles3 records
Foxy Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Foxy Management partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core, flagship and minor.
- NYC Dept of Housing Preservation & Development (HPD)corePrimary government partner providing financing, regulatory approvals, and project identification for affordable housing developments across New York City. Foxy works with HPD on multiple projects including Garden Towers, Arthur Avenue, 1880 Boston Road, Barrier Free Living, and others.
- RiverSpring Living (Hebrew Home for the Aged)flagshipNon-profit senior care and housing organization co-developing major senior housing projects including Arthur Avenue (177 units) and 1880 Boston Road (168 units). Long-standing strategic partner.
- Alembic Community DevelopmentflagshipNon-profit community development organization co-developing multiple Foxy projects including 1880 Boston Road, Barrier Free Living, and East Tremont. Partnership spans multiple completed projects.
- Selfhelp Realty GroupcoreNon-profit housing organization partnering on pipeline projects including Sol on Park (229 units in Bronx) and The Perennial (145 units in Queens). Key strategic partner for expansion into new markets.
- Barrier Free Living Inc.coreNon-profit organization providing supportive housing for survivors of domestic violence and people with disabilities. Foxy co-developed the Barrier Free Living Apartments project (120 units) serving this population.
- HANAC, Inc.coreNon-profit community services organization partnering on Garden Towers (150 units) and Silver Beach (178 units) developments.
- NRP GroupcoreDevelopment partner for Sol on Park project (229 supportive senior units in Bronx), working with Foxy and Selfhelp Realty Group on this $216 million development.
- JLD AdvisoryminorDevelopment partner for Garden Towers project (150 supportive senior units, $93 million, completed 2023).
- PointsfiveminorPartner for Silver Beach project (178 supportive senior units in Queens Far Rockaway).
- NYC Human Resources Administration (HRA)minorGovernment agency partner for supportive housing developments providing tenant services and operating subsidies.
- NYS Dept of Health (DOH)minorState government partner for supportive housing providing health-related services and funding for developments serving vulnerable populations.
- NAICA, Inc.minorNon-profit partner for Prospect & Westchester project, awarded Foxy's Shelly Fox as Developer of the Year.
Scale indicators16 records
Recent moves6 records
Expansion highlights6 records
Foxy Management competitors and assessment
Company assessmentDirect peers
- Breaking Ground: Major NYC supportive and affordable housing provider operating both housing development and supportive services — directly comparable mission and tenant populations.
- The NRP Group: National LIHTC-focused multifamily developer already co-developing Sol on Park ($216M) with Foxy and Selfhelp Realty Group; comparable in product type, financing approach, and tenant base.
- L+M Development Partners: One of NYC's largest affordable and mixed-income housing developers, using comparable LIHTC, tax-exempt bond, and city/state agency financing stacks across the five boroughs.
- Monadnock Development: NYC-based affordable housing developer building supportive, senior, and family housing using public financing — directly comparable scale and NYC geography as Foxy.
- The Arker Companies: NYC affordable housing developer with a portfolio of family, senior, and supportive housing built with LIHTC and public agency financing — closely comparable product mix and geography.
- Phipps Houses: Long-standing NYC affordable housing developer building family and supportive housing across the five boroughs using similar municipal and state financing programs.
- Selfhelp Realty Group: Non-profit affordable and senior housing developer already co-developing Sol on Park and The Perennial with Foxy — directly comparable product type and NYC focus.
- Habitat for Humanity New York City: NYC non-profit affordable housing developer focused on low- and moderate-income families — comparable mission, geography, and reliance on public/private partnerships.
- Blue Sea Development: NYC affordable housing developer focused on supportive, senior, and family housing using LIHTC and city/state financing — directly comparable in product mix and Bronx/NYC footprint.
Broad incumbents
- Community Preservation Corp. (CPC): Major NYC multifamily lender already financing Foxy projects (Trinity Apartments, The Perennial) and operating more broadly across preservation, development, and capital deployment.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Foxy Management social profiles
Digital presenceFoxy Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Foxy Management leadership team
Management profileNumber of profiles
Profiles5 records
Foxy Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Foxy Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Foxy Management
What does Foxy Management do?
Foxy Management (operating as Foxy Development) is a full-service real estate development firm that acquires, develops, and builds residential and mixed-use affordable, senior, and supportive housing projects throughout New York City and New York State. The company orchestrates complex project teams across investors, banks, architects, builders, non-profits, and government agencies, and develops sustainable, biophilic-design housing leveraging government financing programs including Federal and NY State Low-Income Housing Tax Credits, Tax-Exempt Bond Financing, and NYS Brownfield Tax Credits.
Is Foxy Management a public or private company?
Foxy Management is a private company. It is classified as family owned and is currently operating.
When was Foxy Management founded?
Foxy Management was founded in 2005. It employs 11 to 50 people.
Where is Foxy Management based?
Foxy Management is headquartered in Bronx, United States, in the North America region.
How does Foxy Management make money?
Two revenue lines are on record. Affordable Housing Development is the primary driver. The others are property Management Services (Historical).
Who are Foxy Management's main competitors?
Direct peers on record are Breaking Ground, The NRP Group, L+M Development Partners, Monadnock Development, The Arker Companies, Phipps Houses, Selfhelp Realty Group, Habitat for Humanity New York City and Blue Sea Development. Community Preservation Corp. (CPC) is listed as a broad incumbent.
Does Foxy Management have an API?
No public API is recorded for Foxy Management.
What industry is Foxy Management in?
Foxy Management's product category is Affordable Housing Development. Its primary akta.pro industry code is BPAJAFAD, Affordable & Subsidized Housing Property Management (LIHTC, Section 8). Its SIC code is 6552.