Summary: Massachusetts Housing Finance Agency; Joint Criteria; Multifamily Whole Loan

S&P Global Ratings assigned its 'AA' rating to Massachusetts Housing Finance Agency's (MassHousing) approximately $75.2 million series 2022A and 2022B housing bonds, issued under its housing-bond resolution. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating and underlying rating (SPUR) as well various dual ratings on MassHousing's housing bonds outstanding. The outlook is positive. MassHousing plans to use the series 2022A bond proceeds to provide permanent and bridge financing for certain multifamily residential developments and the series 2022B bond proceeds to refund series 2021A construction loan notes. The bonds are fixed-rate, subject to redemption prior to maturity as outlined in the official statement. The series 2022A and 2022B bonds are special-revenue obligations of MassHousing, secured solely by

...S&P Global Ratings assigned its '##' rating to Massachusetts Housing Finance Agency's (MassHousing) approximately $75.2 million series 2022A and 2022B housing bonds, issued under its housing-bond resolution. At the same time, S&P Global Ratings affirmed its '##' long-term rating and underlying rating (SPUR) as well various dual ratings on MassHousing's housing bonds outstanding. The outlook is positive. MassHousing plans to use the series 2022A bond proceeds to provide permanent and bridge financing for certain multifamily residential developments and the series 2022B bond proceeds to refund series 2021A construction loan notes. The bonds are fixed-rate, subject to redemption prior to maturity as outlined in the official statement. The series 2022A and 2022B bonds are special-revenue obligations of MassHousing, secured solely by a pledge of certain revenues and funds established under the housing-bond resolution, which is MassHousing's main issuing indenture for its multifamily program....

Summary