Quality Affordable Housing. Sophisticated Execution.
New York real estate developers focused on sustainable, innovative projects that are designed to strengthen communities, improve wellness, and help residents flourish.
Innovative Executions
Foxy is a real estate development firm with decades of experience acquiring, developing, and building residential and mixed-use projects throughout the five boroughs and New York State.
We build teams and raise capital to complete complex projects on time, on budget, and on brand. We do this by orchestrating seamlessly between investors, banks, architects, builders, non-profits, government agencies, elected officials, sustainability experts, and other professionals.
Sustainable, quality affordable housing is no simple endeavor. Successful developers know how to navigate the legal landscape and work with a myriad of programs and regulations such as:
➝ Low-Income Housing Tax Credits (LIHTC)
➝ NY State Low Income Housing Tax Credits (SLIHC)
➝ Tax-Exempt and Taxable Bond Financing
➝ NYS Brownfield Tax Credits
➝ Investment Tax Credits (ITC)
➝ Inflation Reduction Act of 2022
➝ State Energy Programs (e.g., NYSERDA)
➝ Utility company incentives (e.g., Con Edison)
➝ Community Development Financing Institutions (CDFIs)
Design that Inspires Change
Architecture and design play an integral role in human psychology, which is why Foxy’s vision of affordable housing is moving beyond drab, utilitarian structures.
Biophilic design — bringing natural beauty to urban spaces — reduces stress and improves overall mental health. It can also improve immune systems, increase social connections among residents, improve sleep, and boost cognitive performance.
Senior and affordable housing residents thrive when surrounded by beauty that improves their quality of life.
Featured Projects
150 supportive senior units with over 4,000 sq ft of amenity space in an all-electric complex built to passive house standards. The project includes 2 towers interconnected by a glass-enclosed greenhouse, with green walls in each lobby and a solar array on each roof.
Garden Towers
THE BRONX
THE BRONX
177 supportive senior units with 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.
Arthur Avenue
168 supportive senior units with 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.
1880 Boston Road
THE BRONX
Sustainable Solutions and Healthy Communities
Sustainable architecture goes beyond green energy sources and reduced waste. It’s also about healthy living and human connection, reducing stress through community gardens and beautiful common spaces accessible to all.
Healthy communities require more than basic infrastructure. Purpose-built communities create spaces for the intended residents and integrate nature into the design through material selection, plants, free-flowing ventilation, natural lighting, and more to reduce stress and inspire residents to thrive.
Projects in the Pipeline
144 intergenerational housing units. This project will convert a blighted former hospital building into state-of-the-art affordable housing with sustainability features including geothermal energy, passive house design, and solar panels.
The Perennial
QUEENS
QUEENS
178 supportive senior units. This project will convert a defunct auto shop into a supportive senior housing project leveraging funds under the Inflation Reduction Act and the NYS Brownfield Cleanup Program.
Silver Beach
THE BRONX
195 supportive senior units. This project will achieve LEED Platinum and will contain a 10,000+ sq ft pedestrian plaza and 12,000 sq ft of community facility space.
Sol on Park
Foxy Development works to create sustainable, health-centric complexes.
➝ Thoughtfully programmed community spaces
➝ Working with locally sourced materials
➝ Photovoltaic (solar) panels
➝ Biophilic design
➝ Highly insulated thermal envelopes
➝ Landscaping and gardens for tenant use
➝ High-quality triple-glazed windows
➝ Green walls and greenhouses