Foxy Management

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.

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

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

• Affordable housing development
• Senior housing development
• Real estate development
• Supportive housing
• Biophilic design

Headquarters

HQ city

Bronx

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. 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.
2. 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

Core 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

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core, flagship and minor.

• NYC Dept of Housing Preservation & Development (HPD)coreStrategic or Co-development PartnerPrimary 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)flagshipStrategic or Co-development PartnerNon-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 DevelopmentflagshipStrategic or Co-development PartnerNon-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 GroupcoreStrategic or Co-development PartnerNon-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.coreStrategic or Co-development PartnerNon-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.coreStrategic or Co-development PartnerNon-profit community services organization partnering on Garden Towers (150 units) and Silver Beach (178 units) developments.
• NRP GroupcoreStrategic or Co-development PartnerDevelopment 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 AdvisoryminorStrategic or Co-development PartnerDevelopment partner for Garden Towers project (150 supportive senior units, $93 million, completed 2023).
• PointsfiveminorStrategic or Co-development PartnerPartner for Silver Beach project (178 supportive senior units in Queens Far Rockaway).
• NYC Human Resources Administration (HRA)minorStrategic or Co-development PartnerGovernment agency partner for supportive housing developments providing tenant services and operating subsidies.
• NYS Dept of Health (DOH)minorStrategic or Co-development PartnerState government partner for supportive housing providing health-related services and funding for developments serving vulnerable populations.
• NAICA, Inc.minorStrategic or Co-development PartnerNon-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

Direct 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

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/foxy-management-ltd.

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Foxy Management