S&P Global Ratings assigned its 'AA+' long-term rating to the Tennessee Housing Development Agency's (THDA) proposed approximately $31.25 million issue 2024-3A (federally taxable) (social bonds), issued under THDA's 2013 general residential finance program bond resolution (the 2013 general resolution). At the same time, we assigned our 'AA+/A-1+' dual ratings to THDA's proposed approximately $99.265 million Issue 2024-3B and $125.010 million Issue 2024-3C (non-alternative minimum tax [AMT]) bonds, also issued under the 2013 general resolution. Finally, we affirmed our 'AA+' long-term rating on all other existing bonds issued under the 2013 general resolution. The outlook, where applicable, is stable. Bonds issued under the 2013 general resolution are special limited obligations paid solely from the revenues and assets of THDA, which include
