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

… the entire program including potential new rules such as sales price caps and new asset restrictions for buyers As we wrote previously HDFCs currently have strict … for buyers making no more than 110 percent of Area Median Income AMI which is currently $89760 for a family of …

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

… eyes or tearing their hair out over this  New York Times  story chronicling the apartment search  of a 26yearold grad … down payment otherwise So you end up with this very slender line of people who are incomepoor but cashrich But for HDFC … interested in making an $80000 loan to a lowincome coop adds Reicher Weve been pushing to get credit unions to make …

By Virginia K. Smith |September 27, 2016 - 8:59AM
Pay under $500,000 for this Manhattan three-bedroom—but read the fine print

… has an income restriction based on 120 percent of the area median income looks like youll have to ask the broker what … … You Might Also Like … viewbublogpanes=ymalinline   … BuySales Market … Buy Affordable Housing … Co-ops … Co-op pick …

By Lucy Cohen Blatter |July 18, 2016 - 2:59PM
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