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

… Its shaping up to be an unexpectedly busy news week for HDFC coops Just a couple of days after we … such as sales price caps and new asset restrictions for buyers As we wrote previously HDFCs currently have strict … agreement  However city officials have said that some coops could opt out of the thirdparty monitor requirement if they …

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

… Development Fund Corporation are subsidized coop buildings with strict income caps for purchasers and … but cashrich But for HDFC coops which are run by volunteer boards getting into the business of vetting assets could be … warns that this is an unwise strategy in the long term Boards think you can solve a buildings financial needs by a …

By Virginia K. Smith |September 27, 2016 - 8:59AM
Qualified buyers: Snag this sweet little Harlem HDFC

… free storage as well plus a common garden and a brand new laundry room Pets however are case by case The apartment could also be an ideal fit for a buyer who works from home as theres a separate little alcove …

By Virginia K. Smith |June 13, 2016 - 2:45PM