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

… changes the many criticisms of the citys proposal and whats next on the docket for 2017 … What might change for … a boon to affordability Unsurprisingly many shareholders see this as the city dramatically changing course on a deal that was signed on both sides decades ago I dont see why a car dealer cannot go back on a contract but a city …

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?

… its very hard to do Roberts explains Trying to find out what someones assets are invites lyingI could transfer all … go away If someones parents are buying them an HDFC and see clearly that in 10 years they could only sell it for a …

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

… quite a few requirements and restrictions This one a threebedroom oneandahalf bath in the heart of Harlem on Fifth … between 126th and 127th streets with an asking price of $499000 has an income restriction based on 120 percent of the … security camerasread no doormanand is petfriendly Note its not investor or piedaterre friendly And perhaps …

By Lucy Cohen Blatter |July 18, 2016 - 2:59PM
How I found my $386K HDFC apartment after a three-year search

… were eager to buy an apartment but werent sure we could afford one on a university salary I had started a new job just a … to look It turns out that these incomerestricted buildings abandoned by derelict landlords in the 1970s and fixed up by …

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