De Blasio is proposing new regulations to keep HDFC co-ops affordable

… such as sales price caps and new asset restrictions for buyers As we wrote previously HDFCs currently have strict income caps on buyers but no such rules about assets which are notoriously … launched a petition  against the new regulatory agreement  However city officials have said that some coops could opt …

By Virginia K. Smith |September 29, 2016 - 1:59PM
Why are rich kids able to buy affordable HDFC apartments?

… 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 … transfer all of my assets to my brother for a week and how would they know So you try to avoid systems that have an …

By Virginia K. Smith |September 27, 2016 - 8:59AM
These apartments don't need 20 percent down payments

… here in New York Cityusually 20 percent down plus at least a years worth of monthly payments in the bank after … in New York City he says One solution sponsor units The apartments which were owned by the original developer of a … percent financingwhich isnt quite 90 percent but its close Upper Manhattan onebedroomonebath coop $379000 This sponsor …

By Leah Hochbaum Rosner |December 14, 2015 - 8:59AM
Outsmarting a shady landlord, how to find a (cheap) HDFC co-op and more of the week's top stories

… harassment tactics and why you shouldnt fall for them 2 How I found my $386K HDFC apartment after three years 3 … Westchester gem is tempting us to kiss the city goodbye … BuyBuy Affordable Housing … Sales Market … Rent … Roommates + …

By BrickUnderground |October 23, 2015 - 2:30PM