S&P Global Ratings assigned its 'AA+/A-1+' dual rating to the Minnesota Housing Finance Agency's (MHFA, or the agency) $25 million residential housing finance bonds (RHFBs), 2024 series I (taxable) (social bonds). At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating and 'AA+/A-1+' and 'AA+/A-1' dual ratings on the agency's previously issued RHFBs. The outlook, where applicable, is stable. Bond proceeds, program obligations, investment obligations, revenue, and other assets held under the bond resolution secure the RHFBs. The bonds are also general obligations (GOs) of MHFA, payable out of any of its generally available money, assets, or revenue, subject only to the provisions of other resolutions or indentures pledging or appropriating particular money, assets, or revenue to particular
