Why are rich kids able to buy affordable HDFC apartments?

… coop in Williamsburg For the uninitiated HDFCs short for Housing Development Fund Corporation are subsidized coop … MitchellLama coops HDFCs are some of the few affordable housing options geared toward  buyers  in NYC which leads to … buildings are subject to flip taxes to discourage reselling afforable apartments at a high price housing advocates are …

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

… … You Might Also Like … viewbublogpanes=ymalinline   … Buy … Sales Market … Buy Affordable Housing … Co-ops … Co-op pick of the week … HDFC … Pay under $500000 for this Manhattan …

By Lucy Cohen Blatter |July 18, 2016 - 2:59PM
Is a major sea change on the way for the city's affordable HDFC co-ops?

… coopsapartments with special tax breaks and income caps for buyershave long been something of a paradox in the New York … one of the rare affordable housing options available to  buyers  as opposed to renters but due to price hikes and … that might all change As DNAinfo reported earlier this week  groups like the Task Force on City Owned Property are …

By Virginia K. Smith |February 11, 2016 - 12:59PM
These apartments don't need 20 percent down payments

… Cant seem to squirrel away 20 percent for a down payment on a New York City coop Guest broker Josh Thissell … WISH LIST … I dont have a large amount of money for a down payment can you find me some 10 percent down coops nonHDFC … … 20 percent down plus at least a years worth of monthly payments in the bank after closingcan be so outlandish that …

By Leah Hochbaum Rosner |December 14, 2015 - 8:59AM
Outsmarting a shady landlord, how to find a (cheap) HDFC co-op and more of the week's top stories

… gem is tempting us to kiss the city goodbye … Buy … Buy Affordable Housing … Sales Market … Rent … Roommates + Landlords … The Market … Sell … Escape … …

By BrickUnderground |October 23, 2015 - 2:30PM
How I found my $386K HDFC apartment after a three-year search

… When we 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 university salary I had … a wonderful kind of way I have always idolized New York or should I say romanticized it all out of proportion to borrow …

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