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 … of the citys proposal and whats next on the docket for 2017 … What might change for HDFCs … With the tax breaks for … take it to the City Council by the end of 2016 or early 2017 but they havent even scheduled any of their planned …

By Virginia K. Smith |January 12, 2017 - 8:59AM
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 … California Do they own a house in Puerto Rico Do they have bank accounts elsewhere You just cant trace that Another … 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
How I found my $386K HDFC apartment after a three-year search

… need to be paycheckpoor but savingsrich And there are only about 1200 HDFC properties scattered throughout Manhattan … we saw a mangy dog pee on the floor and no one did anything about it The one apartment that we did like had an asking … Derek Jeter play in pinstripes and Savion Glover trace the history of African Americans through tap at the Public …

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