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Affordable Housing Bonds in Portland Remain Stable Sep 00
Standard & Poors, Sep 2000
Abstract
As a result of residential unit overbuilding and slowing in-migration, the Portland, Ore. area has seen a recent slowdown in multifamily unit demand. Yet the need for multifamily housing, and affordable housing in particular, is anticipated to hold steady and even increase long-term. The strength of the Portland economy and housing market in the early to mid-1990s caused the area to lose much of its affordable housing stock. The reduction of supply in this segment of the market resulted in higher occupancy rates than in the overall multifamily market, leading to strong financial performance. This performance continues to contribute to the maintenance of good credit quality of affordable housing transactions rated by Standard & Poor's. The five rated issues encompass...
Companies mentioned in this report are: Oregon,California,Portland Hsg Auth,Portland,Multnomah Cnty,Columbia,Clark Cnty,Seattle,Washington,Washington Cnty,Yamhill Cnty,Vancouver Hsg Auth,Clackamas Cnty Hsg Auth
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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