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Finance

VHFA breaks $3 billion bonding milestone

VHFA has passed a major milestone: The Agency has issued more than $3 billion in bonds to finance homeownership and rental opportunities for low- and moderate-income Vermonters.

Over its nearly-37-year history, VHFA has put that money to use helping approximately 27,000 Vermont households to buy a home and financing the development of approximately 8,400 affordable rental units.

Read more in this morning's press release (PDF).

Request for proposal: Auditor services

VHFA is soliciting proposals from independent, nationally- or regionally-recognized public accounting firms for the purpose of auditing its financial statements beginning with the fiscal year ending June 30, 2011.

All details are available online.

Renee Couture moves to Finance Department

renee coutureAnother change to report in VHFA's Finance Department: Renee Couture has accepted the new position of Financial Analyst/Compliance Specialist.

Renee joined VHFA in 2002 as an Administrative Assistant, and most recently held the position of Legal Coordinator.

Read the details of her new position in our press release (PDF).

Lisa Clark promoted to Finance Operations Manager

lisa clarkWe've had some shuffling of duties and responsibilities in the Finance Department, and Lisa Clark has been promoted to the new role of Finance Operations Manager.

Lisa's been with VHFA since 1997 and was previously Senior Financial Analyst.

Read the details in our press release (PDF) from this morning.

Congratulations, Lisa!

Fitch rates VHFA bonds 'AAA'

Fitch Ratings has assigned 'AAA' ratings to $30 million of VHFA mortgage revenue bonds.

Rating outlook for the bonds — Series 2010A and Sub-series 2009A-1 — is stable, according to Fitch.

'AAA' is the firm's highest rating.

Read more about Fitch's ratings.

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:

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