Summary: Colorado Housing&Finance Authority; Multifamily Whole Loan

S&P Global Ratings assigned its 'AAA' long-term rating to Colorado Housing&Finance Authority's (CHFA) 2020 series E multifamily/project class I fixed rate bonds (non-AMT). At the same time, S&P Global Ratings affirmed all long-term and various short-term ratings on debt outstanding under the multifamily/project resolution. The outlook, where applicable, is stable. According to preliminary transaction documents, the 2020 series E bonds (the bonds) will be issued with a par amount of $24.58 million and will bear interest at fixed rates as detailed in the official statement. Interest on the bonds will be payable on each April 1 and Oct. 1, starting on April 1, 2021. Proceeds of the bonds, along with other available funds, are expected to be used

...S&P Global Ratings assigned its '###' long-term rating to Colorado Housing & Finance Authority's (CHFA) 2020 series E multifamily/project class I fixed rate bonds (non-AMT). At the same time, S&P Global Ratings affirmed all long-term and various short-term ratings on debt outstanding under the multifamily/project resolution. The outlook, where applicable, is stable. According to preliminary transaction documents, the 2020 series E bonds (the bonds) will be issued with a par amount of $24.58 million and will bear interest at fixed rates as detailed in the official statement. Interest on the bonds will be payable on each April 1 and Oct. 1, starting on April 1, 2021. Proceeds of the bonds, along with other available funds, are expected to be used to fund a loan to MHMP 14 Clare Gardens LLLP, made by CHFA pursuant to a loan agreement to finance the acquisition, construction, rehabilitation, remodeling, and equipping of a 128-unit rental housing facility located in Denver, and to make deposits...

Summary