Summary: Minnesota Minnesota Housing Finance Agency; Appropriations

S&P Global Ratings assigned its 'AA+' rating to the Minnesota Housing Finance Agency's (MHFA) state appropriation bonds (housing infrastructure), series 2020A, B, C, and D (non-AMT), which are supported by continuing appropriations from the State of Minnesota. The outlook is negative. The 2020 series bonds are being issued to provide money for the agency to fund one or more housing infrastructure loans for the purposes permitted to be funded pursuant to Section 462A.37 of the act. On issuance of the 2020 bonds, approximately $18.6 million of the $315 million in principal amount authorized by the act, and not canceled, will be unissued. The agency was created in 1971 in response to legislative findings that there was a serious shortage of

...S&P Global Ratings assigned its '##+' rating to the Minnesota Housing Finance Agency's (MHFA) state appropriation bonds (housing infrastructure), series 2020A, B, C, and D (non-AMT), which are supported by continuing appropriations from the State of Minnesota. The outlook is negative. The 2020 series bonds are being issued to provide money for the agency to fund one or more housing infrastructure loans for the purposes permitted to be funded pursuant to Section 462A.37 of the act. On issuance of the 2020 bonds, approximately $18.6 million of the $315 million in principal amount authorized by the act, and not canceled, will be unissued. The agency was created in 1971 in response to legislative findings that there was a serious shortage of decent, safe, and sanitary housing at prices or rentals within the means of individuals and families with low and moderate incomes....

Summary