IHDA improved its already strong issuer credit rating from all three rating agencies: Moody’s Investors Service from A1 to Aa3 in October 2023, Standard & Poor’s from AA- to AA in June 2023, and Fitch Ratings from AA- to AA in April 2023. In addition to the issuer credit rating, Standard and Poor’s raised the rating on the Homeowner Mortgage Revenue Bonds (HMRB) Indenture from AA to AA+ in March 2023. 

During calendar year 2022, IHDA successfully completed its first volume cap recycling event – preserving $12.5 million of volume cap. IHDA further recycled an additional $14.8 million of volume cap in 2023. 

During calendar years 2022 and 2023, the Authority issued $3.45 billion of bonds and notes which includes $1.43 billion of multifamily bonds and notes and $2.02 billion of single-family bonds and notes, of which all of the single-family issuances were designated Environmental, Social, and Governance (ESG).

During the same period, IHDA executed secondary market sales of To Be Announced (TBA) or Specified Pool Sale contracts in excess of $368 million, and sales of Collateralized Mortgage Obligations (CMO) of approximately $52.2 million in securitized assets.