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

… of a wealthy twentysomething using her parents cash to buy into a Williamsburg HDFCthese relatively rare … caps would be mandatory The idea here is to prevent any buyers from losing equity on apartments theyve already … in on that equity if they so choose Presumably more recent buyers who paid higher prices arent too keen on the caps …

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?

… only accessible to those with loads of cash … Income not assets … The situation has more to do with HDFCs in general … strict income caps for buyers but dont check into their assets this can narrow the buyer pool to people with low … by volunteer boards getting into the business of vetting assets could be a dicey proposition None of the housing …

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

… … You Might Also Like … viewbublogpanes=ymalinline   … Buy … Sales Market … Buy Affordable Housing … Co-ops … Co-op pick of the week … …

By Lucy Cohen Blatter |July 18, 2016 - 2:59PM
Qualified buyers: Snag this sweet little Harlem HDFC

… case by case The apartment could also be an ideal fit for a buyer who works from home as theres a separate little alcove … … You Might Also Like … viewbublogpanes=ymalinline   … Buy … Harlem … HDFC … Small Wonder … Qualified buyers Snag this sweet little Harlem HDFC …

By Virginia K. Smith |June 13, 2016 - 2:45PM
Is a major sea change on the way for the city's affordable HDFC co-ops?

… coopsapartments with special tax breaks and income caps for buyershave long been something of a paradox in the New York … one of the rare affordable housing options available to  buyers  as opposed to renters but due to price hikes and income caps are increasingly available only to buyers with little to no income and lots of cash on hand …

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

… foyer and a sunken living room The coop building has a livein super and a new laundry room and allows 85 percent … exposures Related Ive saved $60000 for a down payment What can I get in Manhattan Im coming up short on a down …

By Leah Hochbaum Rosner |December 14, 2015 - 8:59AM
Outsmarting a shady landlord, how to find a (cheap) HDFC co-op and more of the week's top stories

… Westchester gem is tempting us to kiss the city goodbye … BuyBuy Affordable Housing … Sales Market … Rent … Roommates + … … The Market … Sell … Escape … Suburbs … Live … Improve … buying … HDFC … landlords … selling … suburbs … Outsmarting …

By BrickUnderground |October 23, 2015 - 2:30PM
How I found my $386K HDFC apartment after a three-year search

… and chatted up folks in the community to get a flavor for what it was like to live there Naturally we found ourselves comparing other … a bargain by current Manhattan standards The area where we lived on First Avenue a few blocks west of Gracie Mansion …

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