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HDFC (Housing Development Fund Corporation) co-ops are a beacon of hope for low- and middle-income buyers. They're definitely not easy to find, but they're out there and worth a look. Don't assume you don't qualify: Qualifying income ranges are broad and can be a lot higher than you might assume – be sure to check the listings for income caps or contact the broker if none are shown.

Check out this week's rundown of recent listings and our map below and for some fine examples. We'll update our map showing all the HDFC listings on a weekly basis.

What is an HDFC Co-op?

HDFC units were created several decades ago as a way for tenants in poorly managed buildings to take control of the property and form cooperatives. The city sold these apartments to residents for a mere $250 a piece. Obviously they no longer trade for that price, but they do often sell for far less than what a comparable market rate unit in the same neighborhood would.

Because HDFC units are co-ops, tenants are subject to rules and regulations set forth by a building's bylaws and board. However, unlike high-profile co-ops such as the Dakota or Osborne, HDFC Co-ops are mostly concerned about keeping maintenance costs down over making costly upgrades. As a result, buyers over time will have more cash in hand to make renovations and updates inside their own apartments, which many do require.

Read More About HDFC Co-ops

3 beds, 2 baths

130-lenox-avenue-308 Listing Updated Jul 21, 2017; Douglas Elliman
First up is this 1,200-square-foot corner, south-facing home located in The Renaissance, a full-service co-op building at 130 Lenox Avenue in Harlem. With three bedrooms, two bathrooms, a renovated kitchen with a dishwasher, beautiful views, generous closet space and a full size washer and dryer in the unit, what more could you ask for? Maintenance is $1,688 per month and the 2 and 3 trains are just outside your doorstep. The building also offers a central laundry room, courtyard, and concierge.

Income Restrictions:

Contact the listing broker for details.

2 beds, 1 bath

311-East-3rd-Street-12 Listing Updated Jul 20, 2017; Corcoran
This East Village two-bedroom residence is a steal at $449K and a low maintenance fee of $380 per month. The apartment features gorgeous hardwood flooring throughout and over-sized windows which bring in all the natural south-facing light. And while dogs are not permitted, cats are welcome! Building amenities include a live-in super, bike room, and video intercom system.

Income Restrictions:

$110,220 - Individual

$126,060 - Family of 2

$141,735 - Family of 3

$157,410 - Family of 4

1 bed, 1 bath

514-west-50-street-4RE Listing Updated Jul 20, 2017; Citi Habitats
Another steal! This Hell's Kitchen home is a renovated one-bedroom boasting very low maintenance at only $280 per month. Notable features include a windowed kitchen with custom cabinetry, new quartz countertops, stainless steel appliances (dishwasher & gas stove), dark hardwood floors, and southern and eastern exposures. The low-rise pre-war building is conveniently located by the C,E,N,R & W trains!

Income Restrictions:

Contact the listing broker for details.

2 beds, 1 bath

330-South-3rd-Street-18 Listing Updated Jul 20, 2017; Corcoran
Situated among all the new developments hitting Williamsburg is a renovated 6-story pre-war building at 330 South 3rd Street. Easily the best listing available there is unit 18, a two-bedroom, one-bath home with an open layout. Additional features include a windowed kitchen, an updated bathroom, hardwood oak floors, a generous amount of closet space, and south and east exposures. Maintenance is $719 per month and it is pet-friendly! Commuting to the city is relatively quick with the J, M & Z trains nearby at Marcy Avenue and the G train several blocks away.

Income Restrictions:

$80,160 - Individual

$91,680 - Family of 2

$103,080 - Family of 3

$123,720 - Family of 4

1 bed, 1 bath

128-west-138-street-4B Listing Updated Jul 21, 2017; Corcoran
The most affordable listing this week comes from a 6-story pre-war building at 128 West 128th Street in Harlem. The renovated one-bedroom, one-bath apartment has beautiful exposed brick, a large renovated living room, three generously-sized closets, hardwood floors throughout, and a modern kitchen with under-cabinet lighting, stainless steel appliances, granite counter tops, and wood cabinets. Maintenance is low - $487 per month - and the building offers an elevator and a live-in super. The 2, 3, B and C trains are nearby and Midtown Manhattan is less than 20 minutes away!

Income Restrictions:

$72,600 - Individual

$82,920 - Family of 2

$93,240 - Family of 3

$103,560 - Family of 4


You can check the map below for more current NYC HDFC Co-op Listings:
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Content Specialist Sandra Herrera Sandra Herrera is a writer, editor, and graphic designer based in Brooklyn, NY.