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HUD High Performing Agency
In January 2013, Standard & Poor’s Ratings Services issued an AA credit rating for the San Diego Housing Commission (SDHC), citing “extremely strong management” and a successful private-sector real estate strategy that leveraged $95 million in equity from its properties to create additional affordable housing for low-income families and seniors in the City of San Diego.
SDHC drew an “AA” issuer credit rating for its overall creditworthiness, up from a previous rating of A+. An “AA” rating from Standard & Poor’s is its second-highest and indicates that SDHC has a “very strong capacity to meet financial commitments.”
The Standard & Poor’s report is public and available for review along with the agency’s annual fiscal year budgets and yearly business plans.
1122 Broadway, Suite 300, San Diego, CA 92101
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