Why 2017 could be make-or-break for New York's affordable HDFC co-ops

… of a wealthy twentysomething using her parents cash to buy into a Williamsburg HDFCthese relatively rare … who travel frequently for work or to visit family  Most pressing however is the issue of mandatory thirdparty … dispute centers around the aforementioned carveout for more expensive units as well as a push for a carvein to protect …

By Virginia K. Smith |January 12, 2017 - 8:59AM
Is a major sea change on the way for the city's affordable HDFC co-ops?

… coopsapartments with special tax breaks and income caps for buyershave long been something of a paradox in the New York … reachable for families making 80 percent of the Area Median Income aka AMI Though meant to be affordable housing … to ensure adequate supervision fair and equitable sales among other reforms Which for anyone interested in …

By Virginia K. Smith |February 11, 2016 - 12:59PM
How I found my $386K HDFC apartment after a three-year search

… When we decided to move back to New York in 2012 we were eager to buy an apartment but werent sure we could afford one on a university salary I had … neighborhood condition and size The kids Langston and Sadie wanted separate rooms Sadie who had had such a difficult …

By Craigh Barboza |October 22, 2015 - 8:59AM