S&P Global Ratings assigned its 'AA+' long-term rating to the Minnesota Housing Finance Agency 's (MHFA, or the agency) approximately $88 million series 2025F (non-AMT) and approximately $52 million series 2025G (taxable) residential housing finance bonds (RHFBs). S&P Global Ratings also affirmed its 'AA+' long-term rating and 'AA+/A-1+' and 'AA+/A-1' dual ratings on the agency's previously issued RHFBs. The outlook, where applicable, is stable. CHICAGO (S&P Global Ratings) April 24, 2025--S&P Global Ratings today took the rating actions listed above. In our opinion, the program exhibits social opportunities related to social capital based on its purpose to increase the supply of, and to maintain and improve, the rental housing stock in Minnesota that is affordable to low- and moderate-income households.