Georgia Housing And Finance Authority 2024 Series C And D Single-Family Mortgage Bonds Rated ?AAA?

ENGLEWOOD (S&P Global Ratings) Sept. 12, 2024--S&P Global Ratings assigned its 'AAA' long-term rating to the Georgia Housing and Finance Authority's (GHFA) 2024 series C (non-AMT) and series D federally taxable single-family mortgage bonds (SFMBs), with a combined par amount of $214 million. At the same time, we affirmed our 'AAA' long-term rating on the authority's SFMBs outstanding. The outlook is stable. Revenue from and all amounts held in any fund excluding those related to GHFA's rebate obligation, including investments, held pursuant to the authorizing resolutions secure bonds issued within the SFMB program. The bonds are also general obligations of the authority, payable out of any of the authority's revenue, money, or assets legally available. According to preliminary transaction documents,

...September 12, 2024 ENGLEWOOD (S&P Global Ratings) Sept. 12, 2024--S&P Global Ratings assigned its '###' long-term rating to the Georgia Housing and Finance Authority's (GHFA) 2024 series C (non-AMT) and series D federally taxable single-family mortgage bonds (SFMBs), with a combined par amount of $214 million. At the same time, we affirmed our '###' long-term rating on the authority's SFMBs outstanding. The outlook is stable. Revenue from and all amounts held in any fund excluding those related to GHFA's rebate obligation, including investments, held pursuant to the authorizing resolutions secure bonds issued within the SFMB program. The bonds are also general obligations of the authority, payable out of any of the authority's revenue, money, or assets legally available. According to preliminary transaction documents, approximately $214 million of 2024 series C and D bonds will be issued to finance mortgage loans, including down payment assistance loans, and pay costs of issuance. "The...

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