Why are rich kids able to buy affordable HDFC apartments?

… Last month many cashstrapped New Yorkers found themselves rolling … coop in Williamsburg For the uninitiated HDFCs short for Housing Development Fund Corporation are subsidized coop … buildings are subject to flip taxes to discourage reselling afforable apartments at a high price housing advocates are …

By Virginia K. Smith |September 27, 2016 - 8:59AM