NYC Affordable Living

Your guide to the NYC real estate market

A Guide to New York City's HDFC Co-ops

In your New York City real estate search, you’ve probably come across a co-op listing or two that just seemed too good to be true. More likely than not those listings were HDFC (Housing Development Fund Corporation) Apartments.

What are Mitchell-Lama Apartments?

Explore everything there is to know about Mitchell-Lama Housing. Currently, about 45,000 apartments in New York City are subject to Mitchell-Lama regulation. Named after New York State Senator, MacNeil Mitchell, and Assemblyman Alfred Lama, Mitchell Lama is a housing program designed to create and maintain affordable housing to middle-income individuals in New York. The apartments under the Mitchell-Lama program includes cooperative apartments ("co-ops") and rentals.

Our Guide to the NYC Housing Lottery

“You’ve got to be in it to win it” is one of the New York State lottery’s more memorable advertising slogans. What this tagline doesn’t mention, of course, is you’ve got about a one in a zillion to one shot of winning. The odds aren’t quite as bad with the NYC Housing Lottery, however. Your chances of snagging a below-market-rate apartment are much better – not great, mind you – but at about 600 to 1, at least in the realm of possibility.

Tips for Decorating an Apartment on a Budget

So you’ve found your dream home and are ready to start a new chapter in your life. That’s exciting! But don’t let that excitement die down if you realize that decorating/interior design isn’t exactly your strong suit. If your budget is tight after moving to a new place, then you should keep in mind a few things when decorating your home. We’ve got a few expert tips and tricks for you, along with some recommendations of interior designers in NYC that won’t break the bank.

Rent Controlled and Rent Stabilized Apartments in NYC

Currently, over one million apartments in New York City are subject to some form of rent regulation. The majority of these apartments are classified as rent-stabilized apartments, while less than 2% of apartments are subject to the oldest form of rent regulation, known as rent-controlled apartments.