...March 28, 2024 DENVER (S&P Global Ratings) March 28, 2024--S&P Global Ratings assigned its '##+' long-term rating to New York City Housing Development Corp.'s (NYCHDC) 2024 series A-1 and A-2 (tax-exempt, fixed-rate) multifamily housing revenue sustainable development bonds, with a combined par amount of approximately $323.3 million, issued under the open resolution. At the same time, we affirmed our '##+' long-term rating, and '##+/A-1+' and '##+/A-1' dual ratings on the various bonds outstanding under the open resolution. The outlook, where applicable, is stable. The 2024 series A-1 and A-2 (together the 2024A) tax-exempt bonds being issued under the open resolution will have fixed interest rates payable on each May 1 and Nov. 1, commencing Nov. 1, 2024, and are subject to mandatory tender at the option of NYCHDC and subject to redemption as outlined in transaction documents. Proceeds of the 2024A bonds, along with other available funds, are expected to be used to finance directly or...
