S&P Global Ratings assigned its 'AAA' long-term rating to the Minnesota Housing Finance Agency's (MHFA, or the agency) rental housing bonds, 2022 series D (non-AMT). At the same time, we affirmed our 'AAA' long-term rating on MHFA's rental housing bonds outstanding. 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, on RatingsDirect. Bond proceeds, mortgage loans, investments, revenue, and other assets held under the resolution, on a parity basis with all other obligations outstanding under the resolution, secure the bonds issued under the resolution. The bonds are also general obligations of the agency, payable out of any of its generally available money, assets, or
