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) $11.1 million 2021 series E multifamily/project class I fixed rate bonds (non-alternative minimum tax). At the same time, we affirmed the 'AAA' and 'AA+' long-term ratings on all class I and class II fixed-rate bonds, respectively, outstanding in the indenture. Finally, we affirmed our 'AAA/A-1+' and 'AA+/A-1+' dual ratings on the indenture's class I and class II variable-rate bonds, respectively. The outlook, where applicable, is stable. Proceeds of the 2021 series E bonds, along with other available funds, are expected to be used to fund a loan to Lyons Valley Townhomes LP, the borrower, made by the authority pursuant to one or more loan agreements,

...S&P Global Ratings assigned its '###' long-term rating to Colorado Housing & Finance Authority's (CHFA) $11.1 million 2021 series E multifamily/project class I fixed rate bonds (non-alternative minimum tax). At the same time, we affirmed the '###' and '##+' long-term ratings on all class I and class II fixed-rate bonds, respectively, outstanding in the indenture. Finally, we affirmed our '###/A-1+' and '##+/A-1+' dual ratings on the indenture's class I and class II variable-rate bonds, respectively. The outlook, where applicable, is stable. Proceeds of the 2021 series E bonds, along with other available funds, are expected to be used to fund a loan to Lyons Valley Townhomes LP, the borrower, made by the authority pursuant to one or more loan agreements, to finance the acquisition, construction, and equipping of a 40-unit rental-housing facility in Lyons, Colo. Additionally, certain proceeds will be deposited into accounts in accordance with the 2021 series E indenture, including the payment...

Summary