S&P Global Ratings assigned its 'AA+/A-1' dual rating to the New York City Housing Development Corp.'s (NYCHDC) multifamily housing revenue bonds 2023 series E-3 (variable rate; sustainable development bonds), which have an expected par amount of $32.615 million. The outlook, where applicable, is stable. Bonds issued within the open resolution, including the 2023 series E-3 bonds, are special obligations of the corporation, payable solely from the revenues, assets, and money pledged under the resolution on a parity basis with all other senior obligations outstanding under the resolution. The 2023 series E-3 bonds are being issued as variable-rate obligations initially bearing interest at a weekly rate, as described in transaction documents. The bonds will receive enhancement in the form of a
