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