Affordable Housing 101: Should I Buy an HDFC Apartment?

March 21, 2016

A two-bedroom in the East Village asking just $695,000

While perusing hundreds of real estate listings you come across one that seems almost too good to be true: it’s in a prime neighborhood, there are two real bedrooms and two real bathrooms, and it’s selling for well under a half million. While you may be pinching yourself over the price tag, rest assured that it’s not a typo. However, it’s probably also not a run-of-the-mill apartment, but rather, an HDFC (Housing Development Fund Corporation) unit. While these listings are totally legit, they also demand careful consideration before committing to a purchase.

THE PROS AND CONS OF BUYING AN HDFC APARTMENT…

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