Why are rich kids able to buy affordable HDFC apartments?

… Fund Corporation are subsidized coop buildings with strict income caps for purchasers and generally much lower sale prices than comparable apartments on the market … Along with MitchellLama coops HDFCs are some of the few affordable housing options geared toward  buyers  in NYC …

By Virginia K. Smith |September 27, 2016 - 8:59AM
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 … we could move in we first had to agree to a $2800 rent on top of a yearlong commitment if the sale fell through …

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