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?

… only accessible to those with loads of cash … Income not assets … The situation has more to do with HDFCs in general … strict income caps for buyers but dont check into their assets this can narrow the buyer pool to people with low … by volunteer boards getting into the business of vetting assets could be a dicey proposition None of the housing …

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 … and 127th streets with an asking price of $499000 has an income restriction based on 120 percent of the area median … The kitchen has customdesigned white cabinetry pendant lighting a glass mosaic backsplash and stainless …

By Lucy Cohen Blatter |July 18, 2016 - 2:59PM