Help us organize HDFC shareholders citywide. Join our mailing list to get free updates on important HDFC issues by clicking the button above!
Upcoming Events on the 2025 NY State Bill to Save HDFCs !
REGISTER NOW FOR THE ZOOM WEBINAR AT:
https://us02web.zoom.us/webinar/register/WN_VRnWbAm7SaGv1Jca0kqOyA#/registration
FINALLY! THE NY STATE BILL TO RENEW THE TAX BREAK FOR HDFC CO-OPS IS HERE!
(BUT WE NEED YOUR HELP….NOW!!!)
Our special webpage on the HDFC bill and how you can help: CLICK HERE TO SEE IT
Updated February 27, 2025
Thanks to the advocacy of the HDFC Coalition and shareholders, we now have a fantastic bill for HDFCs! The “Jackson-Taylor HDFC Self-determination, Preservation and Affordability Act (S.880/A.2707)” would give HDFCs a permanent tax break (so our co-ops don’t go bankrupt in 2029), keep HDFC apartments affordable for both current residents and new purchasers, protect HDFC property rights and would also renew the tax forgiveness option for HDFCs in tax arrears…but only if you and your neighbors raise your voices to elected officials in Albany and also NYC to let them know that the bill must be passed into law!
Our extremely HDFC-supportive NY State Senator Robert Jackson has introduced bill 2025-S880 in the NY State Senate, and is joined on the Assembly side by NYS Assemblymember Al Taylor with bill 2025-A2707! And we already have our first co-sponsor: NY State Senator Cordell Cleare!
The New HDFC Bill is known as the “Jackson-Taylor HDFC Self-determination, Preservation and Affordability Act (S.880/A.2707)”
See below for more information and how you can tell Albany to pass it with just one mouse click!
What is the new HDFC bill?
The new HDFC bill is actually two identical bills known as the “Jackson-Taylor HDFC Self-determination, Preservation and Affordability Act (S.880/A.2707),” introduced this year by HDFC supporters NYS Senator Robert Jackson and NYS Assemblymember Al Taylor. The Senate version of the bill has been co-sponsored by NYS Senator Cordell Cleare.
NYS Senate Bill S880-2025 and NYS Assembly Bill A2707 are exactly the same, word-for-word, but each must be approved in the NY State Senate and NY State Assembly and then signed by Governor Hochul to become a law. BUT…most bills never become laws because of lack of support…we cannot expect the HDFC bill to become law without organizing citywide!
What would the new bill do for HDFCs?
If we make ourselves heard NOW like never before, these bills could actually become law by the end of May 2025 and would:
- Provide a permanent tax break for all HDFCs before the current DAMP tax break expires in 2029, and without requiring HDFCs to sign a Regulatory Agreement;
- Ensure HDFC homeowners keep their equity and property rights;
- Make clear the legal status of HDFCs after their initial regulatory period expires;
- Create incentives for HDFCs to remain affordable for all current resident-shareholders;
- Maintain housing affordability in HDFCs by continuing income limits for new homeowners with simple annual self-certification to HPD;
- Renew the property tax forgiveness option for HDFCs in tax arrears.
Documents
- One Page Summary of the new HDFC Bill: CLICK HERE
- E-blast (Feb. 26, 2025): CLICK HERE
THIS BILL NEEDS YOUR VOCAL SUPPORT AND ACTIVISM TO BE PASSED INTO LAW!
ALBANY LEGISLATORS MUST SUPPORT IT BY MAY 15, 2025!
HDFC Activism Works!
Fast and Easy: JUST ONE CLICK makes an automatic email from you to ALL Albany legislators:
- To make the ONE-CLICK automatic email to Albany legislators, just click this email link
- (Or for emails that separate each recipient with semicolons instead of commas, click this email link for semicolons)
NOTE: If clicking one of the above links does not immediately create an email for you to send because your email preferences have not been set in your web browser, a quick work-around is to copy/paste the links above and simply email them to yourself. Then immediately open the email and click the link to get your pre-filled email to Albany legislators off and running! (Just remember to add your name and address at the top and click send!)
Or, you can go HERE to copy/paste the email addresses and message to make the Albany email yourself.
Say “AYE” for the HDFC bills on the official New York State Government website:
Please click BOTH the links below to say “AYE” to show support for the bill (first time users must register):
- To support the Bill in the Senate, click here and vote “AYE”.
- To support the Bill in the Assembly, click here and vote “AYE”.
CONTACT GOVERNOR HOCHUL
Write a message to Governor Hochul, to tell her that Albany legislators should pass the Jackson-Taylor HDFC Self-determination, Preservation and Affordability Act (S.880/A.2707) and that she should sign it into law because 100,000 New Yorkers cannot afford to have their homes go into bankruptcy.
To write to Governor Hochul go to her contact page here.
ORGANIZE YOUR HDFC BUILDING AND BECOME POLITICALLY ACTIVE
- Make sure that every HDFC shareholder you know is signed up on the HDFC Coalition mailing list at http://bit.ly/HDFCSignup
- WE NEED VOLUNTEERS NOW! From flyering HDFC buildings in your neighborhood, making copies, doing outreach, to helping with rallies, we need YOU! Sign up on our 2025 Volunteer Form HERE (coming soon)!
- POST FLYERS IN YOUR BUILDING LOBBY NOW! Go HERE (coming soon) to download the flyer, print it, post it!
Please Donate Now to our HDFC Defense Fund!
Please donate today to help us reach our $25,000 goal. Your donations help the HDFC Coalition to cover the cost of items such as fliers and postcards, postage and delivery, translations and interpretation, large informational meetings and buses to Albany for shareholders to lobby our state legislators. Last March, your donations allowed us to hire an interpreter for one of our largest HDFC town hall meetings. We thank each and every one of you who has donated! You are making a real difference!
CLICK HERE TO DONATE: https://www.gofundme.com/f/save-our-hdfcs
The HDFC Coalition is a volunteer organization that has been self-funded for the past twenty-five years. Donated funds are never used to pay any member of the Coalition.
In Memoriam: April G. Tyler
February 16, 2021
With a profound sense of loss and sorrow, the HDFC Coalition reports today the passing of our dear friend, colleague and comrade April G. Tyler.
April Tyler was a devoted mother, daughter, community member and activist, local political leader, advocate for affordable housing and the empowerment of people through home-ownership, and a proud African-American woman who fought tirelessly for what she believed in while inspiring others to do so as well.
April’s knowledge of the issues and her long-standing relationships with elected officials and the public and private sector made her an undisputed leader and irreplaceable member of the HDFC Coalition. She was one of the few people with the strength and abilities to help relaunch the citywide HDFC Coalition following the passing of the late Jordi Reyes-Montblanc, who founded the HDFC Coalition with a group of fellow HDFC activists including April’s mother Sylvia Tyler, who survives her daughter.
April was Co-Chair of the Housing, Land Use and Zoning Committee of Manhattan Community Board 9, had a background in tenant and community organizing, and worked in real estate brokerage in Brooklyn and Upper Manhattan. April’s experience in affordable housing came from working with the Urban Homesteading Assistance Board, Housing Development Fund Corporation (HDFC) cooperatives, and conducting graduate research at CUNY. Like thousands of other HDFC shareholders, she invested years of “sweat equity” and her own money to repair and save a damaged, deteriorated apartment with missing windows and convert it into a livable home. A yoga enthusiast, she also studied to be a Foreclosure Prevention Counselor, and served as a volunteer district Leader for West Harlem for 18 years. April attended City College and Syracuse University.
We also wish to express our condolences to April’s wide circle of family and friends. No public services have been announced, but we will update as such information becomes available.
April, we are forever indebted to you for the love, the support, the wisdom, the insight, the leadership, the laughs and the memories, and we wish you well on the next phase of your journey.
With love and remembrance always,
The HDFC Coalition
Info from our previous FLIP insurance webinar here
URGENT: HDFC shareholders report that “FLIP” insurance program is no longer affordable, big price increases
URGENTE: Accionistas de HDFC informan que el programa de seguros “FLIP” ya no es asequible con grandes aumentos de precios
HDFC shareholders have asked the HDFC Coalition to help
Los accionistas de HDFC han pedido ayuda a la HDFC Coalition/La Coalición de HDFCs
HDFCs urgently need affordable insurance to avoid big maintenance increases, potential bankruptcy
Los accionistas de HDFC necesitan urgentemente un seguro asequible para evitar grandes aumentos de mantenimiento y posibles quiebras
Almost 50% of HDFCs are enrolled in the “FLIP” insurance program
We have solutions!
¡Tenemos soluciones!
Join our HDFC Affordable Insurance Zoom Webinar on Tuesday, January 24, 2023 at 7:00 pm
Únase a nuestro HDFC seminario web sobre cómo obtener “seguro asequible” este martes, 24 de enero de 2023 a las 7:00 pm
ZOOM MEETING LINK HERE
ENLACE DE REUNIÓN DE ZOOM AQUÍ
(Version en español a continuación)
Dear HDFC Coalition members,
HDFC shareholders have asked us to hold an emergency webinar to help them find affordable insurance before their buildings go bankrupt due to insurance cost increases. We have already referred some HDFCs to brokers who have found them insurance that is affordable, and cheaper than the “FLIP” program.
This is urgent, so please do the following:
- Alert your neighbors and your co-op’s board of directors.
- Fill out this simple questionnaire about your HDFC’s insurance before the Tuesday evenings webinar. We will not share your responses with anyone, and brokers will not call you. We just want to better understand the problem. You can also write in questions that we can address in the webinar. Link: HDFC Insurance Survey
- Join the webinar on Tuesday, January 24, 2023 at 7:00pm. Link: Zoom Webinar or use the full Zoom link: https://us02web.zoom.us/j/86329904470?pwd=T1pyMjZ3UnhQQm1qWjdJMktiQkpiUT09. Meeting ID: 863 2990 4470
PANELISTS FOR THE HDFC INSURANCE WEBINAR:
- Emma Lupu, Attorney, of Smith, Buss & Jacobs, LLP. elupu@sbjlaw.com
- Josh Koppel, CPM, President of HSC Management. josh.koppel@hscmanagement.com
- Jacob Berkovitz, Insurance Broker, JM & ADA Associates LLC. jacob@realestateinsurance.us
- Scott Handwerger, Insurance Broker, Acrisure LLC. scott@aloganins.com
We hope to see you there!
Sincerely,
The HDFC Coalition Policy Committee
Estimados accionistas de HDFC,
Accionistas de HDFC nos han pedido que celebremos un seminario web de emergencia para ayudarlos a encontrar un seguro asequible antes de que sus edificios quiebren debido a los aumentos en los costos del seguro. Ya hemos referido algunos HDFC a otras agencias que les han encontrado un seguro asequible y más barato que el programa “FLIP”.
Esto es urgente, así que por favor haga lo siguiente:
– Alerte a sus vecinos y a la junta directiva de su cooperativa.
– Complete este sencillo cuestionario sobre el seguro de su HDFC antes del seminario web de los martes por la noche. No compartiremos sus respuestas con nadie, y las agencias de seguros no lo llamarán. Sólo queremos entender mejor el problema. También puede escribir preguntas que podemos abordar en el seminario web. Enlace: Encuesta de seguros de HDFC
– Únase al seminario web el martes 24 de enero de 2023 a las 7:00 p.m. Enlace: Seminario web de Zoom o use el enlace completo de Zoom: https://us02web.zoom.us/j/86329904470?pwd=T1pyMjZ3UnhQQm1qWjdJMktiQkpiUT09. ID de reunión: 863 2990 4470
PANELISTAS PARA EL SEMINARIO WEB DE SEGUROS DE HDFC:
Emma Lupu, abogada, de Smith, Buss & Jacobs, LLP. elupu@sbjlaw.com
Josh Koppel, CPM, Presidente de HSC Management. josh.koppel@hscmanagement.com
Jacob Berkovitz, corredor de seguros, JM & ADA Associates LLC. jacob@realestateinsurance.us
Scott Handwerger, corredor de seguros, Acrisure LLC. scott@aloganins.com
¡Esperamos verte allí!
Atentamente,
Comité de Políticas de la Coalición HDFC
OUR PREVIOUS HDFC COALITION FREE ZOOM WEBINAR:
HOW CAN HDFC CO-OPS COPE WITH THE COVID PANDEMIC?
Special Guest:
Attorney Emma Lupu of
Smith, Buss & Jacobs LLP
ALSO: GET HELP NOW FOR YOUR HDFC – LIST OF COVID RESOURCES HERE
TO DOWNLOAD OUR LIST OF RESOURCES FOR HDFCS NEEDING COVID-RELATED ASSISTANCE (ENGLISH AND SPANISH) PLEASE CLICK HERE.
—URGENT– (January 21, 2020) Read our brief summary of State Assemblymember Harvey Epstein’s DRAFT bill to change the Private Housing Finance Law (PHFL) in English and Spanish, along with a copy of Epstein’s draft bill: click here
(December 2019) Major changes that could greatly affect you, your family and your HDFC co-op could be coming. Read down below and see our special page on possible changes to the New York State Private Housing Finance Law (PHFL): click here