In the News

How Would You Like to Buy a New York City Apartment for $250?
Thursday, 19 August 2010, Poverty in America

Last week, I wrote about how the need for housing assistance in the country has grown so great that an angry, desperate mob of 30,000 recently gathered at a public housing office in Georgia. This week, I have a more positive housing story for you: A program in New York City is allowing some low-income people to buy apartments for as little as $250.

There are no typos in that sentence; I really did mean to say "buy," not rent, and I didn't leave off any 0s. But, let's just say there are some buts, which I'll get to in a minute.

Member News

What You Need to Know About the RPIE Statement

The NYC Department of Finance requires certain owners of residential properties to file the Real Property Income & Expense Statement (RPIE) every year.  The RPIE is due by September 1, 2010.

Most HDFC co-ops are EXEMPT from filing the RPIE form, but the RPIE Exemption Form must be filed on-line.  Your HDFC is exempt if: (1) your property is exclusively residential with 10 or fewer apartments or (2) your cooperative building has 2,500 square feet or more of commercial space.