S&P Global Ratings Provides Aligned Opinion On Columbus Metropolitan Housing Authority's Series 2021A, B Revenue Bonds
S&P Global Ratings announced that the Columbus Metropolitan Housing Authority's Series 2021A and B Revenue Bonds comply with the Social Bond Principles. The authority commits to using bond proceeds for an affordable housing project, integrating environmental and social considerations in its evaluation process. CMHA offers over 4,500 affordable housing units and assists over 250,000 residents in Ohio and Washington, D.C., promoting essential services like employment and health programs. The full Second Party Opinion is available here.
- CMHA's bonds align with Social Bond Principles, potentially appealing to socially responsible investors.
- The authority's commitment to funding affordable housing projects addresses a critical need in the market.
- None.
SAN FRANCISCO, Nov. 9, 2021 /PRNewswire/ -- (S&P Global Ratings) S&P Global Ratings today said that Columbus Metropolitan Housing Authority's (CMHA's) Series 2021A And B Revenue Bonds (Sinclair Family Apartments Project) align with the Social Bond Principles (SBP).
The Second Party Opinion (SPO) is available here.
"We consider Columbus Metropolitan Housing Authority's Series 2021A And B Revenue Bonds transaction to fully align with the Social Bond Principles because the authority commits to using the net proceeds of bonds to fund an affordable housing project that fits into the categories the Principles define," said Alan Bonilla, the primary contact at S&P Global Ratings.
"Additionally, we believe that the Columbus Metropolitan Housing Authority clearly communicates its process for project evaluation and selection," Mr. Bonilla said. "The authority's process includes environmental risks and social considerations associated with projects prior to acquisition, and it intends to track and report on outcomes from the social services provided at the project on an annual basis."
CMHA provides affordable housing and promotes neighborhood revitalization to residents in Ohio and Washington, D.C. The authority also works with partner organizations to enable access to essential services for residents such as employment, educational advancement, and health and wellness programs. CMHA owns more than 4,500 units of affordable and mixed-income housing. It provides rental assistance to more than 250,000 Ohio and Washington, D.C. residents.
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