Another 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.
We'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.
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.
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 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.
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 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.
We've posted three new PDF documents to our "Official bond/note statements" page:
Housing 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.
VHFA has an immediate opening for our Staff Accountant position.