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 wrote about the … favorable for trust fund babies  it turns out the the city is looking to institute measures to solve the problem Since … such as sales price caps and new asset restrictions for buyers As we wrote previously HDFCs currently have strict …

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

… who ended up using her parents cash to land a coveted HDFC coop in Williamsburg For the uninitiated HDFCs short for Housing Development Fund Corporation are … sale prices than comparable apartments on the market Many HDFC buildings were neglected rentals seized by the city …

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

… HDFC coops are kind of like NYC real estate unicorns Theyre … come with quite a few requirements and restrictions This one a threebedroom oneandahalf bath in the heart of … … You Might Also Like … viewbublogpanes=ymalinline   … Buy … Sales Market … Buy Affordable Housing … Co-ops … Co-op

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?

HDFC coopsapartments with special tax breaks and income caps … run into maintenance problems due to lack of reserve funds HDFCs are sort of a victim of their own success and many … puts it There tend to be two classes of people who get HDFCs the small percentage who actually qualify and people …

By Virginia K. Smith |February 11, 2016 - 12:59PM
These apartments don't need 20 percent down payments

… away 20 percent for a down payment on a New York City coop Guest broker Josh Thissell of Citi Habitats tells you how you can still become a homeowner in this weeks Buy Curious … THE WISH LIST … I dont have a large amount of …

By Leah Hochbaum Rosner |December 14, 2015 - 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 university salary I had started a new … New York we were returning to was filled with luxury highrises upscale eateries and concept stores The price of …

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