The new rating on Colorado Housing and Finance Authority's (CHFA) outstanding GO, ACCESS, and QIC bonds is based upon the GO pledge of CHFA. The bonds were issued in various years to finance loans for multifamily rental housing and commercial development activities. The GO rating of CHFA reflects: Strong and stable authority management, High profitability and earnings, An adequate equity position, Good financial and asset management, Low GO debt exposure, and A strong, diversified, and growing state economy. CHFA works to expand the availability and accessibility of affordable housing and promote economic development throughout Colorado through their various bond programs. Established by the Colorado General Assembly in 1973, CHFA has sold more than $4.13 billion in securities to finance housing
