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

… pushing for an updated draft that responds to some of the feedback weve given them and from other shareholders in …

By Virginia K. Smith |January 12, 2017 - 8:59AM
De Blasio is proposing new regulations to keep HDFC co-ops affordable

… Its shaping up to be an unexpectedly busy news week for HDFC coops Just a couple of days after we … such as sales price caps and new asset restrictions for buyers As we wrote previously HDFCs currently have strict … agreement  However city officials have said that some coops could opt out of the thirdparty monitor requirement if they …

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

… month many cashstrapped New Yorkers found themselves rolling their eyes or tearing their hair out over this  New York … Fund Corporation are subsidized coop buildings with strict income caps for purchasers and generally much lower sale prices than comparable apartments on the market …

By Virginia K. Smith |September 27, 2016 - 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 … its renovation and had large beautiful rooms with south and west views of the park that unfurled at your feet The …

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