...August 13, 2024 CHICAGO (S&P Global Ratings) Aug. 13, 2024--S&P Global Ratings assigned its '##+' long-term rating to the Minnesota Housing Finance Agency's (MHFA) $60 million residential housing finance bonds (RHFBs), 2024 series R (taxable). At the same time, S&P Global Ratings affirmed its '##+' long-term rating and '##+/A-1+' dual rating on the agency's previously issued RHFBs. The outlook, where applicable, is stable. The 2024 series R bond proceeds will be used, along with certain contributed funds of the agency, to continue funding the residential housing finance program by purchasing program mortgage-backed securities that are guaranteed as to timely payment of principal and interest by Ginnie Mae, Fannie Mae, or Freddie Mac, and backed by pools of mortgage loans from participating lenders to qualified persons or families of low and moderate income to finance the purchase of single-family residences in Minnesota. "The stable outlook reflects our view of the program's asset-to-liability...
