However, the situation surrounding Coronavirus is rapidly evolving and the longer term impact will depend on both the severity and duration of the crisis. Moody's Investors Service has upgraded all outstanding California Housing Finance Agency's Home Mortgage Revenue Bonds (HMRB) ($551 … We do not see any material immediate credit risks for the Agency. However, MOODY'S is not an auditor and cannot in every instance independently verify or validate information received in the rating process or in preparing its Publications.To the extent permitted by law, MOODY'S and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability to any person or entity for any indirect, special, consequential, or incidental losses or damages whatsoever arising from or in connection with the information contained herein or the use of or inability to use any such information, even if MOODY'S or any of its directors, officers, employees, agents, representatives, licensors or suppliers is advised in advance of the possibility of such losses or damages, including but not limited to: (a) any loss of present or prospective profits or (b) any loss or damage arising where the relevant financial instrument is not the subject of a particular credit rating assigned by MOODY'S.To the extent permitted by law, MOODY'S and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability for any direct or compensatory losses or damages caused to any person or entity, including but not limited to by any negligence (but excluding fraud, willful misconduct or any other type of liability that, for the avoidance of doubt, by law cannot be excluded) on the part of, or any contingency within or beyond the control of, MOODY'S or any of its directors, officers, employees, agents, representatives, licensors or suppliers, arising from or in connection with the information contained herein or the use of or inability to use any such information.NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY CREDIT RATING, ASSESSMENT, OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY MOODY'S IN ANY FORM OR MANNER WHATSOEVER.Moody's Investors Service, Inc., a wholly-owned credit rating agency subsidiary of Moody's Corporation ("MCO"), hereby discloses that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by Moody's Investors Service, Inc. have, prior to assignment of any credit rating, agreed to pay to Moody's Investors Service, Inc. for credit ratings opinions and services rendered by it fees ranging from $1,000 to approximately $2,700,000. ("MSFJ") is a wholly-owned credit rating agency subsidiary of MJKK. 1980, Ch. (Added by Stats. CalHFA offices will be closed in observance of Labor Day.Rate Lock through MAS will be unavailable on this day, however you may still reserve loans. The New York State Housing Finance Agency is a public benefit corporation created in 1960 to finance low- and moderate-income rental housing. Access the latest Washington Report: © 2020 HFA issues taxable and tax-exempt bonds to provide mortgage loans to developers of affordable multifamily rental housing. To ensure you are kept updated on future updates, please sign up for our Buy your first home with little money out-of-pocket using CalHFA's programs and Preferred Lenders.Everything you need to know about originating, processing and marketing our loans to help build your business.Make payments on and get information about your CalHFA loans.Collaborate with us and other housing organizations and stakeholders to deliver effective, innovative housing solutions.If you are seeking a document not posted for viewing on our website, please submit a request for an accessible version. Multifamily Housing Bonds have provided financing to produce 1.2 million apartments affordable to lower-income families.Each state’s annual issuance of Housing Bonds is capped. HMRB's performance represents a key driver of CalHFA's overall performance. CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK, OR PRICE VOLATILITY. Affordable housing development in Santa Rosa becomes first California project to use this financing tool. The Board of Directors and Committees meet each month.
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