Affordable developer Foxy Management lands $72M in financing for Bronx project
Money comes from New York State and New York City
Foxy Management has closed on roughly $72.15 million in financing from the state and city for a senior housing building it has planned for the Bronx.
The money is for Foxy Management’s planned 177-unit building at 612 East 179th Street in Tremont, known as Arthur Avenue Apartments. The package includes about $58.5 million from the New York State Housing Finance Agency and $13.78 million from the city’s Department of Housing Preservation and Development.