...June 7, 2023 SAN FRANCISCO (S&P Global Ratings) June 7, 2023--S&P Global Ratings assigned its '##+' long-term rating to the Minnesota Housing Finance Agency's (MHFA, or the agency) $150 million residential housing finance bonds (RHFB), 2023 series F (non-AMT; social bonds), and series G (taxable; social bonds). At the same time, S&P Global Ratings affirmed its '##+' long-term rating and '##+/A-1+' and '##+/A-1' dual ratings on the agency's previously issued RHFBs. The outlook is stable. The series 2023F and 2023G 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 (MBS) 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...
