S&P Global Ratings assigned its 'A+' rating to EP Tuscany Zaragosa PFC, Texas', approximately $99.7 million series 2023 residential development bonds (Tuscany Mesa Hills and Villas at Zaragosa Project). At the same time, S&P Global Ratings affirmed its 'A+' issuer credit rating (ICR) on the Housing Authority of the City of El Paso (EP HOME). The outlook on both ratings is stable. EP Tuscany Zaragosa PFC, is a nonprofit public facility corporation organized under applicable Texas state law created for the purpose of issuing bonds to finance certain affordable housing projects of EP HOME. The series 2023 bond proceeds will be used to acquire and undertake capital improvements to two multifamily rental housing developments, consisting of 585 units (the project)
