...June 27, 2023 ENGLEWOOD (S&P Global Ratings) June 27, 2023--S&P Global Ratings assigned its '##+' long-term rating to the Virginia Housing Development Authority's (Virginia Housing) $126.9 million series 2023D non-AMT rental housing bonds. At the same time, we affirmed our '##+' 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. The series 2023D bond proceeds will be used to finance one or more mortgage loans. The financing of each development will use federal low-income housing tax credits (LIHTC). The series 2023D bonds are subject to special redemption, optional redemption, and sinking fund redemption as outlined in the offering...
