@SaveHDFCs HDFCs are nuanced. The City’s attempted blanket clawback is not what is needed to preserve this kind of affordable housing. Our homes should not be treated as a political football.
In the 1970s, landlords abandoned hundreds of NYC buildings. The City took them and offered tenants a deal: fix and stabilize your building and you can own it.
They did. Tenants patched roofs, paid the oil bills, elected boards and kept the books. Today 1,100+ HDFC co-ops are home to 100,000+ New Yorkers.
Now, with their DAMP tax benefit expiring in 2029, HPD wants to limit children inheriting their homes, resale price caps, City-chosen monitors and power to replace co-op boards. Price caps would cut buyers and buildings off from ordinary bank loans and destroy affordability for the current homeowners.
@SenatorRJackson and Assemblymember Al Taylor's S.880/A.2707 keeps the deal: a permanent tax benefit, the income limits HDFCs already have, no clawback.
A deal is a deal. Read the full story: https://t.co/7K7ftkwMxj
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
@SaveHDFCs@NYCCouncil@NYCHousing@PiSanchezNYC Heartbreaking. HDFC homeowners deserve respect. We should be AT THE TABLE to help fix a broken system that hurts people. Please join the HDFC Coalition to make your voice heard. https://t.co/2Om9svPuGz
@AttorneyCrump The city is trying to claw back ownership rights for those who own HDFC’s. It is a very dangerous time. For more information and to find out how to take action against these efforts, go to www save HDFC’https://t.co/pMs2Mz0ODg.
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
@NYCCouncil@SpeakerMenin@CMNantashaW Protecting homeownership must include preserving NYC’s HDFC co-ops: 100,000+ residents in 1,100+ buildings. Tax benefit that keeps them affordable runs out in 2029. The HDFC Fairness, Preservation, and Affordability Act would extend it. We hope October 28 hearing takes this up.
@SaveHDFCs@emmma_camp_ Thank you for the solid information. Much more interesting than focusing on the very tiny few who fall into the ‘rich kid’ category. HDFCs are an important form of housing for so many people. They’re complicated, currently threatened, and should not be minimized.
@ESRC@BristolUni Wow! Congratulations Professor Murray. It is wonderful that you and your work has been recognized. Rightly so. Enjoy the spotlight. You earned it. I love you acceptance speech too.
@chrisychung My family was on a plane attempting to land at JFK. The flight camera was on. We saw another plane in the area that planes fly over before reaching the landing strip. Our plane pulled up with force & barely avoided a crash. So frightening!
@salamishah Any chance you might examine the amounts spent on Black actors v. white ones on the run up to the Academy Awards. It is a significant indicator on who will be nominated. Nomination = Financial Expenditures for a Campaign
@coreykilgannon It’s criminal that NYPD did not move locations years ago. Someone has to be held accountable for potentially devastating people’s lives. KEEP ON THIS STORY The Times buried the lead.
To recap, the Republican Party is against:
-Paid sick leave
-Paid family & medical leave
-Universal childcare
-Universal pre-K
-Tax increases on corporations & the rich
-The expanded Child Tax Credit
-Student debt relief
Doesn't sound like the party of the working class to me.