New York, January 22, 2013 -- Moody's Investors Service has affirmed the Aa2/VMIG 1 ratings on New York City Housing Development Corporation's$6.615 M Multi-Family Housing Revenue Bonds, 2012 Series C (Term Rate) (Non-AMT) as well as the Aa2 ratings on all outstanding New York City Housing Development Corporation Multi-Family Housing Revenue Bonds and New York City Housing Development Corporation Multi-Family Housing Revenue Bonds (Federal New Issue Bond Program). The outlook on the ratings is stable.

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