Why are rich kids able to buy affordable HDFC apartments?

… her parents cash to land a coveted HDFC coop in Williamsburg For the uninitiated HDFCs short for Housing Development … some of the few affordable housing options geared toward  buyers  in NYC which leads to a natural followup Why could … to do with HDFCs in general rather than one unscrupulous buyer or building Because HDFC coops have strict income caps …

By Virginia K. Smith |September 27, 2016 - 8:59AM
Is a major sea change on the way for the city's affordable HDFC co-ops?

… HDFC coopsapartments with special tax breaks and income caps for buyershave long been something of a paradox in the New York … one of the rare affordable housing options available to  buyers  as opposed to renters but due to price hikes and …

By Virginia K. Smith |February 11, 2016 - 12:59PM