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

… buildings that sign onto the new agreement Currently HDFCs receive reduced tax rates via the DAMP tax cap in order to … on both sides decades ago I dont see why a car dealer cannot go back on a contract but a city agency can says Ayo … of cuts based on a formula based in part on assessed value you can check out the full explanation here Another dispute …

By Virginia K. Smith |January 12, 2017 - 8:59AM
Why are rich kids able to buy affordable HDFC apartments?

… some of the few affordable housing options geared toward  buyers  in NYC which leads to a natural followup Why could … to do with HDFCs in general rather than one unscrupulous buyer or building Because HDFC coops have strict income caps … None of the housing agencies want to get into asset testing because its very hard to do Roberts explains Trying …

By Virginia K. Smith |September 27, 2016 - 8:59AM
How I found my $386K HDFC apartment after a three-year search

… in some neverending apartmenthunting loop Then one day one popped up in a prewar on Central Park North It was a corner … more By that time it had been well over a year since our search began and our chances of finding a place were looking … Here the predominantly AfricanAmerican and Hispanic population pulsates to the sounds of hiphop and merengue as …

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