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

… Board or UHAB would include steeper tax breaks than 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 receive reduced tax rates via the DAMP tax …

By Virginia K. Smith |January 12, 2017 - 8:59AM
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 subsidized coop … few affordable housing options geared toward  buyers  in NYC which leads to a natural followup Why could someone just …

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

… highrises upscale eateries and concept stores The price of housing in the city had gotten so expensive that even … entirely farfetched This newly renovated junior twobedroom HDFC in Hamilton Heights is asking $331000 and has income … in the end put her signature on the papers Finally we were NYC homeowners  Related   My exasperating enlightening …

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