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Buy a co-op at a discount: All about HDFCs and how to get one
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Buy a co-op at a discount: All about HDFCs and how to get one
Affordable housing in New York City typically refers to rentals, but what are the options for buyers? One so-called budget route to home ownership is through limited equity housing co-ops—essentially co-ops for people who earn lower incomes. In NYC, at least 1,100 buildings are limited-equity co-ops set up as Housing Development Fund Corporations. They have strict income caps for buyers, are priced below the market rate, and are an appealing opt…
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