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

… those currently offered by the DAMP Division of Alternative Management Programs tax cap it would also end the current tax abatement early and only offer discounts to buildings that sign onto the new agreement Currently HDFCs … meetings yet so theyre likely scheduling some public forums in the next few months Were hoping that this slowing …

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

… income caps for purchasers and generally much lower sale prices than comparable apartments on the market Many HDFC … some of the few affordable housing options geared toward  buyers  in NYC which leads to a natural followup Why could … HDFC coops have strict income caps for buyers but dont check into their assets this can narrow the buyer pool to …

By Virginia K. Smith |September 27, 2016 - 8:59AM
These apartments don't need 20 percent down payments

… says Thissell Inventory is limited A quick search on  StreetEasy reveals a total of 335 coopsand just 31 … in New York City he says One solution sponsor units The apartments which were owned by the original developer of a … very few condos available under $500000 and none below 96th Street in Manhattan So why is that some coops are ok with …

By Leah Hochbaum Rosner |December 14, 2015 - 8:59AM