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

… to watch will be the debate over the fate of the citys affordable HDFC coops HDFC stands for Housing Development Fund … regulatory agreement would include strict price caps for sales while also carving out exceptions for apartments that … dollars lower A lot of complaints have been made that HPD is putting so much effort into carving out exceptions …

By Virginia K. Smith |January 12, 2017 - 8:59AM
De Blasio is proposing new regulations to keep HDFC co-ops affordable

… have strict income caps on buyers but no such rules about assets which are notoriously hard to track The proposed new … told DNAinfo Its unclear how the city plans to track buyer assets but as far as price caps go with some exceptions for …

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

… month many cashstrapped New Yorkers found themselves rolling their eyes or tearing their hair out over this  New York … who ended up using her parents cash to land a coveted HDFC coop in Williamsburg For the uninitiated HDFCs short … California Do they own a house in Puerto Rico Do they have bank accounts elsewhere You just cant trace that Another …

By Virginia K. Smith |September 27, 2016 - 8:59AM
The scourge of attic squirrels, HDFCs in hot water, and more

… of good staging NYT Questionable study finds that it takes 18 years for owning NYC property to pay off The Real Deal If … launched onehour delivery in Brooklyn and LIC DNAinfo For New York newbies a helpful QA with a real estate broker The …

By Virginia K. Smith |January 25, 2016 - 10:59AM