In the last couple of months, The Cooperator has been covering the recent issues surrounding Housing Development Fund Corporation (HDFC) cooperatives. Among those areas of concern include co-op buildings that were threatened with forecl…
Incorporated under Article XI of the Private Housing Finance Law, Housing Development Fund Corporation (HDFC) cooperatives are partnerships between public and private interests that help the tenants of city-owned residential co-ops – often …
Mayor Bill de Blasio says that New York has “a crisis of affordability.” According to the mayor’s ten-year housing plan, his administration is committed to “build or preserve nearly 200,000 affordable units” throughout the five boroughs. M…
Q I am the current board president of a 48-unit Housing Development Fund Corporation (HDFC) co-op located in Manhattan. Recently, in an effort to bolster operating income, without increasing maintenance assessments, previous boards had…
In order to get from one side of the Hudson River to the other, one would need to cross a bridge, get in a boat, or be able to jump a very long distance. Since not many people want to attempt the latter, most people utilize tools like brid…