New York City's HDFC cooperatives program was begun in the 1970's to unload foreclosed buildings the nearly bankrupt City was desperate to get rid of.
Because the city promised us homeownership, we took a chance, investing sweat-equity and every penny we had in these low-income co-ops in poor neighborhoods.
Now that we've rebuilt our buildings, and transformed our neighborhoods, the City is going back on its word, and trying to seize control of our homes by any means necessary from blackmail to legislation retroactively changing the legal nature of HDFCs.
Not on our watch! Join us, as we fight to save our HDFCs.