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

… those currently offered by the DAMP Division of Alternative Management Programs tax cap it would also end the current tax abatement early and only offer discounts to buildings that sign onto the new agreement Currently HDFCs … meetings yet so theyre likely scheduling some public forums in the next few months Were hoping that this slowing …

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 … story chronicling the apartment search  of a 26yearold grad student who ended up using her parents cash to land a …

By Virginia K. Smith |September 27, 2016 - 8:59AM
How I found my $386K HDFC apartment after a three-year search

… 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 … onebedroom HDFC  with maintenance charges of just $370month Buyers cant make more than $159250 and if you sell it youll … the late nights I spent taping the Kool DJ Red Alert mix show and the day I copped my first pair of Jordans in midtown …

By Craigh Barboza |October 22, 2015 - 8:59AM