S&P Global Ratings assigned its 'AA+' long-term rating to the Virginia Housing Development Authority 's (Virginia Housing) $41.975 million 2026C non-AMT rental housing bonds. At the same time, we affirmed our 'AA+' long-term rating on Virginia Housing's rental housing bond (RHB) resolution. The outlook is stable. Bonds issued within the Virginia Housing RHB resolution are payable from the revenue, assets, and money pledged under the master trust indenture (MTI) on a parity basis with all other obligations outstanding under the MTI. Assets consist of mortgage loans, authority property, revenue, investment obligations, and, if applicable, enhancement agreements and exchange agreements. Virginia Housing's general obligation (GO) pledge also supports the bonds. The series 2026C bonds are subject to special redemption, optional redemption,
