S&P Global Ratings assigned its 'AAA' long-term rating to the Minnesota Housing Finance Agency's (MHFA, or the agency) $2.27 million rental housing bonds (RHB) 2024 series B-1 and $5.64 million 2024 series B-2. At the same time, we affirmed our 'AAA' long-term rating on MHFA's rental housing bonds outstanding. The outlook is stable. 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 from any available money, assets, or revenue. The agency's reserves (the general reserve and the alternative loan fund) are legally available if necessary to pay
