Summary: Tennessee Housing Development Agency; Single Family Multiple MBS; Single Family Whole Loan

S&P Global Ratings assigned its 'AA+' rating to the Tennessee Housing Development Agency's (THDA) proposed $175 million issue 2022-1 (non-AMT) social bonds issued under THDA's 2013 general residential finance program bond resolution (the 2013 general resolution). S&P Global Ratings also affirmed its 'AA+' rating on THDA's existing debt, issued under the 2013 general resolution. The outlook is stable. Officials intend to use issue 2022-1 bond proceeds to purchase first-lien, 30-year, fully amortizing, single-family program loans for single-family, owner-occupied housing, as well as to refund all of THDA's issue 2021-3B bonds. The bonds are a special limited obligation paid solely from the revenues and assets of THDA, which include revenues on program loans; non-mortgage receipts; all fund and accounts created by

...S&P Global Ratings assigned its '##+' rating to the Tennessee Housing Development Agency's (THDA) proposed $175 million issue 2022-1 (non-AMT) social bonds issued under THDA's 2013 general residential finance program bond resolution (the 2013 general resolution). S&P Global Ratings also affirmed its '##+' rating on THDA's existing debt, issued under the 2013 general resolution. The outlook is stable. Officials intend to use issue 2022-1 bond proceeds to purchase first-lien, 30-year, fully amortizing, single-family program loans for single-family, owner-occupied housing, as well as to refund all of THDA's issue 2021-3B bonds. The bonds are a special limited obligation paid solely from the revenues and assets of THDA, which include revenues on program loans; non-mortgage receipts; all fund and accounts created by the 2013 general resolution (including the bond reserve fund); and all right, title, and interest of THDA in and to the program loans. This is the 29th issue under the 2013 general...

Summary