Why are rich kids able to buy affordable HDFC apartments?

… Fund Corporation are subsidized coop buildings with strict income caps for purchasers and generally much lower sale … out whether assets are there are not Do they own a house in California Do they own a house in Puerto Rico Do they have … the works … While some HDFC buildings are subject to flip taxes to discourage reselling afforable apartments at a high …

By Virginia K. Smith |September 27, 2016 - 8:59AM
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 financingwhich isnt quite 90 percent but its …

By Leah Hochbaum Rosner |December 14, 2015 - 8:59AM
How I found my $386K HDFC apartment after a three-year search

… to move back to New York in 2012 we were eager to buy an apartment but werent sure we could afford one on a … like we were stuck in some neverending apartmenthunting loop Then one day one popped up in a prewar on Central Park North It was a corner unit unoccupied since its renovation …

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