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Collage of newly-listed HDFC co-ops in Manhattan and northern Brooklyn Collage of newly-listed HDFC co-ops in Manhattan and northern Brooklyn
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 monthly 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.

Read More About HDFC Co-ops

2 Beds, 1 Bath

Photos via Klara Madlin Real Estate
Living Room
This large, sunny, corner convertible three-bedroom has exposures facing south and west. The current layout offers two bedrooms/one bath plus office and laundry/storage room. There is a large kitchen, dining room, and living room with windows facing the avenue, allowing tons of natural sunlight. The home underwent gut renovation in 2010, and there are exposed brick walls, high ceilings, full-size washer/dryer, and new double-pane windows. There are cherry wood floors throughout, including in the kitchen, which has an eat-in bar and island. Also present is a large 100-SF bath with separate shower and soaking tub, toilet, and sink areas.

Located home is located three blocks from both Central Park (swimming pool and ice skating rink) and Morningside Park, and a 10 minute walk to Columbia University. Marcus Garvey Park is nearby with a swimming pool and outdoor theater. Transportation is a breeze with the express 2/3 lines at 110th St. and the local B/C trains few blocks away.

Income Restrictions:

$130,000 - Individual of family of two

$145,000 - Family of three or more

1 Bed, 1 Bath

7-East-3rd-Street Listing photos via Corcoran
Nestled on the top floor of this meticulously, 14-unit townhouse, you will find this sprawling one-bedroom home. Immediately when you enter the apartment, you find a bonus room which can be used as an office, walk-in closet or perhaps a nursery The renovated windowed kitchen has stainless steel appliances, includes a d/w and microwave, granite counter tops with a breakfast bar that would satisfy anyone's "inner Chef." The spacious living room has four large, north-facing windows as well as exposed brick walls on opposite ends with a faux fireplace.

The windowed bathroom has also been renovated. While washer/dryer are not permitted in the apartment, each floor in this building has a W/D for your convenience. Lastly, there are gorgeous hardwood floors throughout the unit. The building is an HDFC with a 165% income guideline. As an added bonus, your sprawling one bedroom includes a spacious storage cage in the basement.

7 East 3rd Street is right at the corner of the Bowery with the F Train just a few blocks away, either on Second Ave or Broadway-Lafayette and many other public transportation options.

Income Restrictions:

$110,200 - Individual

$126,000 - Family of two

2 Beds, 1 Bath

111 SOuth 3rd Street Photos and listing details via Corcoran Group
Outdoor space
This utterly charming and refreshed two-bed co-op in prime Williamsburg is brimming with sky and sunlight thanks to a high floor southern exposure, The quiet and serene home on the building's top floor features incredible sunlight, a large living room with space for dining, and two ample-sized bedrooms with large closets, and original red oak flooring recently refinished.

Additionally, the buyer has permission to install an in-unit washer/dryer and mini-split central AC. The low maintenance fees include heat and hot water. There is also a new video intercom and key-fob access system for building

Income Restrictions: Call us for details on income restrictions

2 Beds, 1 Bath

35 Crown Street 35 Crown Street, #3H photos via Level Group
This junior one bedroom, one bath co-op has classic prewar details with beautiful wood floors and crown molding. The building is conveniently located near Prospect Park, the Brooklyn Botanic Gardens, and the Brooklyn Museum. It is also a short distance to the 2, 3, 4, and 5 subway trains and the S shuttle to the A train at Franklin Avenue. The walk-up building has a live-in super on the premises.

Income Restrictions:

$110,220 - Individual

$126,060 - Family of 2

$141,735 - Family of 3

$157,410 - Family of 4

2 Beds, 1 Bath

840 Saint Marks Photos of 840 Saint Marks. #6F via Charles Rutenberg
Living room
This spacious two-bedroom co-op apartment retained much of its original prewar details and has east, south and west exposures. There are high ceilings, crown moldings, hardwood floors and four large closets. The living room is of ample size, with plenty of space for a formal dining area and for entertaining. Additional dining space is available just outside the recently updated galley kitchen, which features new lighting fixture, stainless steel appliances, and beautifully restored original wood cabinetry.

The building has a live-in super and laundry on-site. Pets are allowed on a case by case basis. The building is across from the Brooklyn Children’s Museum and Brower Park. Also, close by is Prospect Park, the Brooklyn Museum, Botanic Gardens and the Children’s Zoo. Nearby subway lines include the C at Kingston-Throop Aves. and the 2,3,4 lines on Eastern Parkway.

Income Restrictions:

$58,824 - Max income for 1 to 4-person households

You can check the map below for more current NYC HDFC Co-op Listings:

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