We are looking to save as many HDFC buildings in NYC where
Low-income homeowners can get help with high debt and disrepair to avoid foreclosure
Tenants can connect with their neighbors to stand up for their rights
We can retrofit affordable housing to be greener, more affordable, and healthier for residents
New Yorkers can stay in their homes for years to come, and live free from the threat of eviction
We're fighting for a city where housing works for everyday people, not corporate monopolies. By donating, you're standing with low-income cooperative homeowners and tenants stewarding their own homes and fighting against displacement.
About HDFC
Housing Development Fund Corporations (HDFCs) are affordable housing co-ops legally designated to provide housing to low-income people in New York City. These co-ops are collectively owned and operated by their residents (“shareholders”) who democratically elect a board every year, and make collective decisions about their expenses, energy needs, and roles in the building. Instead of rent, HDFC shareholders pay a monthly maintenance fee. These fees—collected in the cooperative’s bank account and controlled by a democratically elected board—fund the daily operations of the building. HDFCs house majority people of color, and are most often run by women of color. HDFC co-ops offer a model of decommodified, community-controlled housing.
1,200 HFDC co-ops across NYC provide housing for 25,000 low-income households across the Bronx, Brooklyn, Manhattan, and Queens.
