S&P Global Ratings affirmed its 'AA+' long-term rating on Massachusetts Housing Finance Agency (MassHousing)'s taxable rental development pass-through revenue bonds (Federal Housing Administration [FHA] risk-sharing) 2014 series B. The outlook is stable. The rating reflects the application of our "Methodology For Rating U.S. Public Finance Mortgage Revenue Bond Programs," published Oct. 10, 2022. MassHousing's 2014 series B rental development pass-through revenue bonds are special obligations of MassHousing, payable solely from the revenues, assets, and money pledged under the general resolution on a parity basis with other obligations outstanding under the resolution. The 2014 series B bonds are separately secured from any other obligations issued by MassHousing. Bond proceeds were used to purchase first-lien, multifamily, fixed-rate mortgage loans that are secured
