Company Overview - Greystone Housing Impact Investors LP was established in 1998 under the Delaware Revised Uniform Limited Partnership Act, focusing on acquiring, holding, selling, and managing a portfolio of mortgage revenue bonds for financing affordable multifamily, seniors, and student housing properties [4] - The Partnership aims to grow its investments by acquiring additional mortgage revenue bonds and leveraging attractive financing structures available in the securities market [4] Investor Information - On August 28, 2024, the Partnership announced that investor information on the 2023 Schedule K-3, which includes items of international tax relevance, is now available online for unitholders [1] - A limited number of unitholders, particularly foreign unitholders and those computing a foreign tax credit, may require the detailed information on Schedule K-3 for their tax reporting [2] Contact Information - Unitholders can receive an electronic copy of their Schedule K-3 via email by contacting Tax Package Support at a toll-free number [3] - The Senior Vice President of the company, Andrew Grier, can be reached at 402-952-1232 for further inquiries [6]

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Financial Data and Key Metrics Changes - For Q2 2024, the company reported net income of $5.2 million, or $0.19 per unit, and cash available for distribution (CAD) of $6.3 million, or $0.27 per unit [10] - The book value per unit decreased to $13.98, down $0.61 from the previous quarter, primarily due to a decline in the fair value of the mortgage revenue bond portfolio [10][11] - The company recognized a non-cash unrealized gain of $211,000 from interest rate swaps, with a compounded SOFR of 5.35% and a weighted average fixed rate of 3.49% on approximately $366 million in swap notional amounts [6][10] Business Line Data and Key Metrics Changes - The investment portfolio consists of $1.3 billion in affordable multifamily investments and $158 million in joint venture equity investments, with no forbearance requests for multifamily mortgage revenue bonds [7] - Physical occupancy for the stabilized mortgage revenue bond portfolio was 91.9% as of June 30, 2024 [8] - The company advanced $83.5 million for mortgage revenue bond investments and $19.5 million for governmental issuer loans during the quarter [15] Market Data and Key Metrics Changes - The muni investment grade index was down for the first half of 2024, while the high-yield muni index increased by 4.2% [21] - As of August 6, the closing unit price was $14.33, a 2.5% premium over the net book value per unit [12] - The 10-year MMD was at 2.54%, approximately 15 basis points lower than the previous quarter [22] Company Strategy and Development Direction - The company aims to capitalize on attractive investment opportunities while managing interest rate risks through a hedging strategy [46][51] - The focus remains on long-term holding of fixed-rate mortgage revenue bonds, with expectations that changes in fair value will not impact operating cash flows [11] - The company is pursuing additional issuances of preferred units and has reactivated its at-the-market offering to raise capital without price dilution [19] Management's Comments on Operating Environment and Future Outlook - Management noted that higher U.S. treasury yields and cost inflation have created challenges for affordable housing developers, who increasingly rely on governmental subsidies [22] - The company believes that initiating new projects now will position it favorably for future exits when supply may be limited [23] - Management expressed confidence in the investment pipeline and the ability to raise capital to fund attractive opportunities [51] Other Important Information - The company reported unrestricted cash and cash equivalents of $34 million and approximately $56 million available on secured lines of credit as of June 30 [13] - The outstanding future funding commitments for mortgage revenue bonds and related investments totaled $214 million, expected to be funded over approximately 24 months [16] Q&A Session Summary Question: Deployment rate and market attractiveness - Management indicated that the deployment rate was higher due to capital drawn from existing construction financing commitments and solid investment opportunities [26][27] Question: Cash level on the balance sheet - The company maintains lines of credit and cash reserves to be responsive to opportunities and cover potential cash needs [28][29] Question: Market issuance expectations - Management suggested that if the trend in rates continues, more muni issuers may enter the market, potentially increasing total issuance for the year [30] Question: Sale of mortgage revenue bonds - The sale was a unique situation due to the underlying project being sold, leading to a decision to sell the bonds rather than hold to maturity [33][34] Question: Extensions on governmental issuer loans - Extensions are common as project sponsors seek to optimize their loan amounts based on favorable rates locked in previously [36] Question: Post-June 30 book value estimates - Management noted that while they do not have exact numbers, there has been a reversal in rates that could lead to appreciation in the value of mortgage revenue bonds [38][39] Question: Preferred redemption funding - The redemption was funded through the general line of credit, with plans to assess future funding strategies based on liquidity [42][43] Question: Capital raising strategy - Management is open to raising capital to pursue attractive investment opportunities but will not raise capital solely for the sake of it [51]

OMAHA, Neb., Aug. 07, 2024 (GLOBE NEWSWIRE) -- On August 7, 2024, Greystone Housing Impact Investors LP (NYSE: GHI) (the "Partnership") announced financial results for the three months ended June 30, 2024. Financial Highlights The Partnership reported the following results as of and for the three months ended June 30, 2024: Net income of $0.19 per Beneficial Unit Certificate ("BUC"), basic and diluted Cash Available for Distribution ("CAD") of $0.27 per BUC Total assets of $1.53 billion Total Mortgage Reven ...

OMAHA, Neb., Aug. 07, 2024 (GLOBE NEWSWIRE) -- On August 7, 2024, Greystone Housing Impact Investors LP (NYSE: GHI) (the "Partnership") announced financial results for the three months ended June 30, 2024. Financial Highlights The Partnership reported the following results as of and for the three months ended June 30, 2024: Net income of $0.19 per Beneficial Unit Certificate ("BUC"), basic and diluted Cash Available for Distribution ("CAD") of $0.27 per BUC Total assets of $1.53 billion Total Mortgage Reven ...

The cash distribution will be paid on July 31, 2024 to all BUC holders of record as of the close of trading on June 28, 2024. The BUCs will trade ex-distribution as of June 28, 2024. Greystone Housing Impact Investors LP was formed in 1998 under the Delaware Revised Uniform Limited Partnership Act for the primary purpose of acquiring, holding, selling and otherwise dealing with a portfolio of mortgage revenue bonds which have been issued to provide construction and/or permanent financing for affordable mult ...

Greystone Housing Impact Investors (GHI) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 75%. A quarter ago, it was expected that this provider of tax exempt financing for student housing, senior housing and multifamily housing would post earnings of $0.80 per share when it actually p ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41564 GREYSTONE HOUSING IMPACT INVESTORS LP (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpo ...

In March 2024, the Partnership announced that the Board of Managers of Greystone AF Manager LLC declared a quarterly distribution to the Partnership's BUC holders of $0.44 per BUC. The distribution consisted of a regular quarterly cash distribution of $0.37 per BUC and a supplemental distribution payable in the form of additional BUCs equal in value to $0.07 per BUC. The supplemental distribution of additional BUCs was paid at a ratio of 0.00417 BUCs for each issued and outstanding BUC as of the record date ...

OMAHA, Neb., April 23, 2024 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE:GHI) (the "Partnership") announced today that it will host a conference call for investors on Wednesday, May 8, 2024 at 4:30 p.m. Eastern Time to discuss the Partnership's First Quarter 2024 results. For those interested in participating in the question-and-answer session, participants may dial-in toll free at (877) 407-8813. International participants may dial-in at +1 (201) 689-8521. No pin or code number is needed ...