S&P Global Ratings assigned its 'AA+' long-term rating to Massachusetts Housing Finance Agency's (MassHousing) series 2022D housing bonds. At the same time, S&P Global Ratings affirmed its ratings on existing debt within MassHousing's housing bond resolution. The outlook is stable. Bonds issued within the housing bond resolution are special-revenue obligations of MassHousing, secured solely by a pledge of certain revenues and funds established under the housing-bond resolution, which is MassHousing's main issuing indenture for its multifamily program. A lien on all income from mortgage loans also secures the bonds. The majority of portfolio loans benefit from some form of federal or state subsidy or insurance and are well-seasoned. According to preliminary transaction documents, series 2022D bond proceeds will be used
