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

… 2017 is shaping up to be a year of many real estate battles  and … of a wealthy twentysomething using her parents cash to buy into a Williamsburg HDFCthese relatively rare … changes the many criticisms of the citys proposal and whats next on the docket for 2017 … What might change for …

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 … buyers As we wrote previously HDFCs currently have strict income caps on buyers but no such rules about assets which … plans to track buyer assets but as far as price caps go with some exceptions for pricier apartments the plan is to …

By Virginia K. Smith |September 29, 2016 - 1:59PM
Why are rich kids able to buy affordable HDFC apartments?

… rolling their eyes or tearing their hair out over this  New York Times  story chronicling the apartment search  … some of the few affordable housing options geared toward  buyers  in NYC which leads to a natural followup Why could … its very hard to do Roberts explains Trying to find out what someones assets are invites lyingI could transfer all …

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

… but truly affordable and decently sized Of course they come with quite a few requirements and restrictions This one a threebedroom oneandahalf bath in the … and 127th streets with an asking price of $499000 has an income restriction based on 120 percent of the area median …

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

… decided to move back to New York in 2012 we were eager to buy an apartment but werent sure we could afford one on a … New York we were returning to was filled with luxury highrises upscale eateries and concept stores The price of … and chatted up folks in the community to get a flavor for what it was like to live there Naturally we found ourselves …

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