Top Tweets for #savehdfcs
Isabel Adon's building was an HDFC co-op. 100,000+ New Yorkers live in 1,100+ HDFC co-ops whose DAMP tax benefit expires in 2029. Fail to extend DAMP or impose smothering new terms on HDFCs, and you get the same disastrous outcome. @NYCCouncil @NYCHousing @PiSanchezNYC #savehdfcs
Isabel Adon bought into a co-op in the Bronx to build something for her children. Junior Gonzalez did it after serving in the Marines. They say overnight, the city of New York took it all with little to no notice or compensation, labeling their building "distressed" and transferring the deed to a nonprofit. This happened to hundreds of families, nearly all in minority communities. A $60 million settlement has been proposed, but the fight isn't over. Every family deserves the right to build generational wealth without fear of losing it.
HDFC homeowners: the Council holds a hearing on homeownership Wed Oct 28, 1 PM, 250 Broadway. 100,000+ New Yorkers live in 1,100+ HDFC co-ops, and their DAMP tax benefit expires in 2029. Come and tell the Council why it must be extended! #SaveHDFCs https://t.co/HHGpSkYaV0
@emmma_camp_ The real issue worth covering is that the tax break that helps keep these buildings affordable expires in 2029, and opportunistic politicians and nonprofits oppose a state bill that would extend it, ensuring their destruction. Happy to talk more re why. #savehdfcs
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