•S&P Global Ratings assigned its 'AA+/A-1+' dual rating to the Minnesota Housing Finance Agency 's (MHFA, or the agency) $35 million residential housing finance bonds (RHFBs), 2025 series H (taxable bonds). •The outlook is stable. Bond proceeds, program obligations, investment obligations, revenue, and other assets held under the bond resolution secure the RHFBs. The bonds are also general obligations of MHFA, payable out of any of the agency's generally available money, assets, or revenue, subject only to the provisions of other resolutions or indentures pledging or appropriating particular money, assets, or revenue to particular notes or bonds, and subject to any state or federal restrictions. The series 2025H bonds will be issued as variable-rate demand obligations and will receive liquidity
