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

… Most pressing however is the issue of mandatory thirdparty monitoring for all HDFC coops receiving tax breaks a … well on their own While UHAB is generally in favor of monitoring their stance is that the requirements as theyre … one of the biggest issues to rile tenants is the mandatory monitoring which could be useful to the financially …

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

… we wrote about the loopholes that make these affordable apartments favorable for trust fund babies  it turns out the … monitor and make mandatory an alreadycommon flip tax  on apartment sale profits Though the new measures are aimed at … prove themselves to be selfsustaining and well managed The proposals on the table would include restrictions that allow …

By Virginia K. Smith |September 29, 2016 - 1:59PM