...June 23, 2023 SAN FRANCISCO (S&P Global Ratings) June 23, 2023--S&P Global Ratings assigned its '##+' long-term rating to the Minnesota Housing Finance Agency's (MHFA, or the agency) $70 million residential housing finance bonds (RHFB), 2023 series H (taxable bonds), and its '##+/A-1+' dual rating to its $30 million 2023 series I (taxable 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 2023 series H and I 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...
