Standard&Poor's Ratings Services affirmed its 'AAA' long-term rating on Colorado Housing&Finance Authority's (CHFA) Class I multifamily project bonds and the 'AA' long-term rating on the Class II bonds under the bond resolution. The outlook on all ratings is stable. The 'AAA' and 'AA' ratings are based on our affordable multifamily housing criteria released June 19, 2014. More specifically, the rating reflects our view of: CHFA's very strong strategy and management of the resolution; Extremely high loss coverage, based on the resolution's strong overcollateralization; Extremely strong performance of the loans within the bond program; The resolution's solid financial performance; and Extremely strong ongoing governmental support in the form of low-income housing tax credits (LIHTCs), Federal Housing Administration
