...S&P Global Ratings assigned its '##+' long-term rating to the Virginia Housing Development Authority's (VHDA) 2021 series F tax-exempt, Non-AMT rental housing bonds. At the same time, we affirmed our '##+' long-term rating on the authority's previously issued debt under the rental housing bond resolution. The outlook on all debt under the VHDA rental housing bond resolution is positive. VHDA's pledge of the rental housing bond resolution and its assets secures the 2021 series F bonds, as does a general obligation (GO) pledge of the authority. The rating reflects our analysis of both revenue streams according to our criteria "Methodology: Rating Approach To Obligations With Multiple Revenue Streams," published Nov. 29, 2011, on RatingsDirect. Both pledges are of equal credit quality according to our analysis. VHDA anticipates issuing approximately $50 million of 2021 series F bonds, the total proceeds of which will fund two mortgage loans. The authority expects to issue the 2021F bonds as...