Request for proposal: GASB 53 swap analysis

VHFA's seeking proposals from a firm to perform swap analysis services related to GASB 53.

Learn more and download the RFP document from our Web site.

The Governmental Accounting Standards Board (GASB) is an independent, private-sector, non-profit organization that establishes and improves standards of financial accounting and reporting for U.S. state and local governments, and authorities.

Fitch rates VHFA bond resolution A+

Fitch Ratings has rated VHFA's 1990 single-family housing bond resolution A+. The rating outlook is stable.

This is Fitch's initial rating for the program, which was created in 1990 and issued bonds for seven years, including Series 9-27.

Fitch expects to issue a full report on VHFA's single-family bond program this week.

Read more about Fitch's rating at CNBC.

Moody's rates VHFA bonds "Aaa" and "Aa2"

Moody's Investors Service has assigned a rating of "Aaa" to VHFA's $102 million mortgage revenue bonds (Mortgage Backed Securities Program) Series 2009A (escrow bonds).

It rated our $23 million HFA Initiative Multifamily Bonds, 2009 Series A (taxable), "Aa2."

Moody's long-term obligation ratings, for investment- and speculative-grades, work on a 21-grade scale. "Aaa" is the highest; "Aa2" is the third highest.

Fitch rates VHFA bonds "AAA"

Fitch Ratings has assigned a rating of "AAA" to the $102 million VHFA mortgage revenue bonds (Mortgage Backed Securities Program), Series 2009A (escrow bonds).

"AAA" is Fitch's highest rating.

Read more about the offering and the rating at Business Wire.

New bond statements available

We've posted three new PDF documents to our "Official bond/note statements" page:

Good luck, Ashley

ashley lamellHousing Matters missed the chance last week to bid a more timely farewell to VHFA Staff Accountant Ashley Lamell.

Ashley finished up her two-year tenure with the Agency last Thursday to take an accounting position with Marsh.

We're currently hiring to fill her position. Read a full job description on our Web site.

Good luck, Ashley!

Job opening: Staff Accountant

VHFA has an immediate opening for our Staff Accountant position.

Read a full job description and learn how to apply.

Fitch rates latest VHFA bond issue

Fitch Ratings has rated the latest VHFA bond issue AA/F1+.

Read more about the rating at the MarketWatch Web site.

Fitch Ratings is a global rating agency that provides the world's credit markets with independent credit opinions.

Latest official bond statement online

We've posted our latest official bond statement online for download as a PDF document.

The document pertains to VHFA Multipurpose Bond Series 2008C.

Read the official statement (845kb; PDF).

Winning financial services proposals selected

We've completed our RFP process to select a firm or firms to provide VHFA with financial advisory services.

VHFA has selected Piper Jaffray, our current financial advisor, to continue in its role as the Agency's General Financial Advisor and Swap Advisor.

We've also selected three firms to act as GIC Bidding Agents for VHFA:


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