Colorado Housing&Finance Authority; Multifamily FHA Insurance

The long-term rating on the Colorado Housing&Finance Authority's (CHFA) federally insured multifamily housing loan program pass-through revenue bonds series 2013-I, is 'AA+'. The trust indenture (MTI) dated June 1, 2013, including the series 2013-I bonds, are secured by a pledge of and payable from revenues, assets and moneys held under the MTI. While there are additional series of bonds outstanding under the MTI, we only maintain a rating on the series 2013-I bonds. To maintain the rating on the bonds, we evaluate credit factors of the managed program, including all bonds and loans outstanding, under our methodology. Under the pass-through structure of 2013-I, bondholders will receive pro rata disbursements from the trust estate for all principal and interest

...+ The long-term rating on the Colorado Housing & Finance Authority's (CHFA) federally insured multifamily housing loan program pass-through revenue bonds series 2013-I, is '##+'. + The trust indenture (MTI) dated June 1, 2013, including the series 2013-I bonds, are secured by a pledge of and payable from revenues, assets and moneys held under the MTI. While there are additional series of bonds outstanding under the MTI, we only maintain a rating on the series 2013-I bonds. To maintain the rating on the bonds, we evaluate credit factors of the managed program, including all bonds and loans outstanding, under our methodology. Under the pass-through structure of 2013-I, bondholders will receive pro rata disbursements from the trust estate for all principal and interest due on the bonds every month. The bonds are also subject to optional redemption beginning when the existing principal of the 2013-I is less than 10% of the original principal balance. As of Nov. 1, 2023, the existing balance...

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