S&P Global Ratings assigned its 'AA+' long-term rating to the Virginia Housing Development Authority's (Virginia Housing) $13.75 million 2023 series C non-AMT rental housing bonds (the series 2023C bonds). At the same time, we affirmed our 'AA+' long-term rating on Virginia Housing's rental housing bond (RHB) resolution. The outlook is stable. Bonds issued within the RHB resolution are general obligations (GOs) of Virginia Housing payable from the revenue, assets, and money pledged under the master indenture on a parity basis with all other obligations outstanding under the master indenture. The bonds are also supported by Virginia Housing's GO pledge (AA+). The series 2023C bond proceeds will be used to finance one or more mortgage loans for three developments, comprising 358
