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Support HDFC Cooperative Ownership in NYC

This petition had 614 supporters

The NYC Department of Housing Preservation and Development (HPD), is proposing a regulatory agreement for Housing Development Fund Corporations (HDFC's), a class of NYC Housing Cooperatives, that will effectively take away much of their autonomy. HDFC's are buildings that were abandoned by landlords, sustained by tenants and converted into cooperatives. There are more than 1,000 HDFC buildings and over 30,000 homeowners in NYC. The residents of these buildings have played a vital role in the stabilization and revitalization of neighborhoods throughout NYC.

HPD has proposed a draconian plan to revoke an existing partial tax exemption, set sale price limits and impose other constraints on HDFC's. We urge the NYC Council Speaker, Melissa Mark-Viverito and NYC Council Members to reject the proposed regulatory agreement and the premature sunset of the partial tax exemption. Please help stop this proposal which was created without shareholder input. We don't want to lose our autonomy, our equity or our affordability. PLEASE SIGN THIS PETITION AGAINST THE HPD PROPOSAL!!!

For more information, please go to the HDFC Coalition website: 

Please consider joining the HDFC Coalition.  Joining is free for you and your fellow HDFC shareholders, and allows us to send you updates on the latest developments including meetings in your area. you can do so simply by signing up on our website or simply send an email to OUR STRENGTH IS IN OUR NUMBERS.

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April Tyler needs your help with “New York City Council Speaker: Support Cooperatives”. Join April and 613 supporters today.