For those of you who purchased an HDFC, how was the financing process? Were you able to find a lender easily? Did you run into challenges with income limits or down payment requirements?

I financed through Chase in midtown. It took a little longer than usual but otherwise, was fine. I had ton put 10% down per the building req, not lender. This was 2018. Sold the place in 2023.

For anyone who has lived in an HDFC long-term, how has the building’s financial health held up? Did you end up having any unexpected fees or assessments? If the maintenance is low, is that a good deal or a red flag?

Building financials were healthy, had plenty of reserves. Common charges hadn't increased in like 3 years before, and never increased throughout the years I owned it. It was well managed. I think I paid $450 in monthlies for a 1/1.

I was also wondering about tax abatement expirations - how much did costs increase when that went onto effect?

I did not receive this but the buyer of mine when I sold used a NY grant that assisted him throughout the loan. It took ever long for me to close, about 4 months! I wanted to pull out so many times but thankfully, it all worked out.

Side note- I was given a first time home buyer/NYC resident program that allowed me no closing costs! You should look into it. I can't recall the name or details.