BRIDGE is a top developer, owner and manager of affordable housing on the U.S. West Coast.
BRIDGE first earned the rating in 2015 as part of its strategic initiative to double its production of affordable and mixed-income housing.
The following views are among those cited in Standard & Poor’s rating of BRIDGE:
- Extremely strong management and a strategic plan that supports its mission to provide quality low-income housing in the least affordable markets
- Very strong enterprise risk profile
- Strong financial risk profile as a result of solid financial performance and excellent liquidity ratios
- Ability to generate revenue streams from in-house development and operating activities
“To strengthen communities through affordable housing and comprehensive development, BRIDGE must attract capital, manage risk and be a top-notch steward of assets,” said Ken Lombard, President and CEO of BRIDGE Housing. “The A+ rating validates the results we’ve delivered to communities, investors and lenders for nearly 40 years, and enhances our ability to access new sources of capital.”
The report may be downloaded from https://bridgehousing.com/bhc_sp_rating_1221 and www.standardandpoors.com (registered users only). For more information about BRIDGE Housing, visit www.bridgehousing.com.