Summary: Georgia Housing and Finance Authority; Single Family Whole Loan

S&P Global Ratings affirmed its 'AAA' long-term rating on all debt issued under Georgia Housing and Finance Authority's (GHFA) single-family mortgage bond resolution (the 1976 general resolution). The outlook is stable. Our review follows a comprehensive analysis of GHFA's 1976 general resolution and its related legal and program provisions, including its policies as an issuer, its oversight as self-servicer, and responsibilities of key transaction participants. GHFA's 1976 general resolution funds the authority's primary homeownership and down payment assistance programs, with over $1.3 billion in mortgages outstanding under the resolution. The resolution's strength, in our view, stems from its low-risk characteristics, including a very high level of government insurance or guarantee programs and low-risk debt profile. The 'AAA' rating reflects our

...S&P Global Ratings affirmed its '###' long-term rating on all debt issued under Georgia Housing and Finance Authority's (GHFA) single-family mortgage bond resolution (the 1976 general resolution). The outlook is stable. Our review follows a comprehensive analysis of GHFA's 1976 general resolution and its related legal and program provisions, including its policies as an issuer, its oversight as self-servicer, and responsibilities of key transaction participants. GHFA's 1976 general resolution funds the authority's primary homeownership and down payment assistance programs, with over $1.3 billion in mortgages outstanding under the resolution. The resolution's strength, in our view, stems from its low-risk characteristics, including a very high level of government insurance or guarantee programs and low-risk debt profile....

Summary