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

… fate of the citys affordable HDFC coops HDFC stands for Housing Development Fund Corporation a type of housing meant … in 2029and an increasing number of these units starting to sell off at higher pricesthe city is seizing the opportunity … caps in placein addition to flip taxes that discourage reselling at inflated pricesbut under the new rules price caps …

By Virginia K. Smith |January 12, 2017 - 8:59AM
Why are rich kids able to buy affordable HDFC apartments?

… apartment search  of a 26yearold grad student who ended up using her parents cash to land a coveted HDFC coop in … HDFC buildings are subject to flip taxes to discourage reselling afforable apartments at a high price housing … an HDFC and see clearly that in 10 years they could only sell it for a certain amount it dissuades a certain segment …

By Virginia K. Smith |September 27, 2016 - 8:59AM