Financial Performance - Total revenues for the three months ended March 31, 2024, were $22,370,654, down 10.26% from $24,937,970 in the same period of 2023[16]. - Net income available to partners decreased to $9,881,140 for Q1 2024, a decline of 38.06% compared to $16,044,572 in Q1 2023[16]. - The company reported a comprehensive loss of $1,423,315 for Q1 2024, compared to a comprehensive income of $37,301,311 in Q1 2023[18]. - Net income for the three months ended March 31, 2024, was $10,648,381, a decrease of 36% compared to $16,791,222 in the same period of 2023[25]. - The Partnership reported a net loss of $5,435,562 from derivative transactions in the Affordable Multifamily MRB Investments segment for the three months ended March 31, 2024[189]. Asset and Liability Changes - Total assets decreased from $1,513,400,702 as of December 31, 2023, to $1,453,419,497 as of March 31, 2024, a decline of approximately 3.95%[14]. - The total liabilities decreased from $1,081,662,446 as of December 31, 2023, to $1,026,200,290 as of March 31, 2024, a decrease of approximately 5.13%[14]. - Cash and cash equivalents increased from $37,918,237 as of December 31, 2023, to $56,255,270 as of March 31, 2024, an increase of 48.38%[14]. - The total estimated fair value of mortgage revenue bonds held in trust is $922,468,164, with a cumulative unrealized loss of $1,633,606[51]. - As of March 31, 2024, total accounts payable, accrued expenses, and other liabilities amounted to $20,862,915, a decrease of approximately 9.1% from $22,958,088 on December 31, 2023[112]. Investment Activities - The Partnership's investment in mortgage revenue bonds (MRBs) provides financing for income-producing multifamily rental, seniors housing, and skilled nursing properties, with fixed interest rates and regular payments[50]. - The Partnership's total funding commitments related to properties awarded private activity bond cap and LIHTC allocations from January 1, 2022, to March 31, 2024, amounted to $423,660,054[203]. - The Partnership executed an $8.2 million equity commitment in February 2023 to fund the construction of Valage Senior Living Carson Valley[88]. - The Partnership's investments in unconsolidated entities include properties with a total of 2,880 units across various locations in Texas and Colorado[84]. - The Partnership acquired an MRB and taxable MRB in April 2024 for $33,727,000 to finance the acquisition and rehabilitation of an affordable multifamily property[192]. Credit Losses and Provisions - The provision for credit losses increased to $(806,000) in Q1 2024 from $(545,000) in Q1 2023, indicating a rise in expected credit losses[16]. - The Partnership recorded a recovery of provision for credit losses of approximately $806,000 for the three months ended March 31, 2024, compared to $545,000 for the same period in 2023, reflecting a decrease in the allowance for credit losses by the same amount[104]. - As of March 31, 2024, the total allowance for credit losses was $3,291,000, down from $4,097,000 at the beginning of the period, indicating a reduction of approximately 19.7%[103]. - The Partnership's risk assessment indicates that all GILs, taxable GILs, and property loans are currently performing, except for two property loans on nonaccrual status[108]. - The cumulative-effect adjustment upon adoption of the new credit loss standard resulted in a significant allowance for credit losses, impacting the Partners' Capital[103]. Debt Financing and Interest Rates - As of March 31, 2024, the total outstanding debt of the Partnership is approximately $304.2 million with a weighted average interest rate of 4.42%[122]. - The total debt financings from TOB Trust Securitizations is approximately $601.3 million, with a period-end rate of 5.69%[122]. - The variable interest rates for several financings range from 4.01% to 5.59%, depending on the specific financing structure[122]. - The Partnership has entered into an interest rate cap agreement to mitigate exposure to interest rate fluctuations on the variable-rate M31 TEBS financing[130]. - The Partnership's variable rate debt financing arrangements include maximum interest rate provisions to prevent debt service from exceeding cash flows from securitized assets[132]. Equity and Preferred Units - The Partnership has issued 8,750,000 redeemable preferred units as of March 31, 2024, with a total redemption value of $87,500,000[154]. - The Series A Preferred Units have a fixed distribution rate of 3.0%, while Series B Preferred Units have a rate of 5.75%[153]. - The Partnership redeemed $10.0 million of Series A Preferred Units in April 2024[155]. - Approximately 292,000 restricted units and other awards are available for future issuance under the 2015 Equity Incentive Plan as of March 31, 2024[157]. - The Partnership has a total of $97,057,835 in equity investments, with remaining commitments of $54,334,681[150]. Operational Insights - The Partnership's operations are managed by 16 employees, indicating a relatively modest environmental impact[206]. - Greystone has implemented DEI initiatives, with three out of 16 employees being women and one identifying as ethnically diverse[210]. - The Partnership is committed to supporting affordable multifamily housing, with properties required to maintain a minimum percentage of units for very low-income and low-income tenants[207]. - The Partnership's preferred return on invested capital in unconsolidated entities is reported as "Investment income" on the condensed consolidated statements of operations[81]. - The Partnership's financial strategy includes managing the impact of market interest rates on the valuation of its mortgage revenue bonds[52].

Financial Performance - Net income for Q1 2024 was $10.65 million, translating to $0.42 per Beneficial Unit Certificate (BUC), a decrease from $16.79 million or $0.59 per BUC in Q1 2023[3][13] - Total revenues for Q1 2024 were $22.37 million, down from $24.94 million in Q1 2023, primarily due to a decrease in other interest income[13] - Net income for Q1 2024 was $10,648,381, a decrease of 36% from $16,791,222 in Q1 2023[15] - Net income per BUC, basic, decreased to $0.42 in Q1 2024 from $0.59 in Q1 2023, representing a decline of 29%[15] - Total CAD for Q1 2024 was $5,228,844, down 71% from $18,215,895 in Q1 2023[15] - Total CAD per BUC, basic, fell to $0.23 in Q1 2024, down 71% from $0.79 in Q1 2023[15] - Cash distributions declared per BUC increased slightly to $0.368 in Q1 2024 from $0.364 in Q1 2023[15] - The Partnership declared a BUCs distribution of $0.07 per BUC for Q1 2024, payable in additional BUCs[15] Assets and Investments - Total assets of the Partnership stood at $1.45 billion as of March 31, 2024[3] - The Partnership advanced funds totaling $27.3 million on Mortgage Revenue Bond (MRB) and taxable MRB investments during Q1 2024[7] - The Partnership received redemption proceeds totaling $117.8 million, with $98.3 million used to pay down related debt financing[7] - The Partnership issued Series B Preferred Units with a stated value of $17.5 million and additional BUCs for gross proceeds of $1.1 million[7] - All affordable multifamily MRB and GIL investments are current on contractual principal and interest payments as of March 31, 2024[7] Operational Highlights - Two joint venture equity investment properties stabilized operations, while three additional properties began leasing activities as of March 31, 2024[7] - The Partnership executed its hedging strategy, receiving net payments of approximately $1.7 million under its interest rate swap portfolio during Q1 2024[7] Credit and Derivatives - Unrealized losses on derivatives for Q1 2024 were $(4,604,215), compared to unrealized gains of $3,435,967 in Q1 2023[15] - The provision for credit losses for Q1 2024 was $(806,000), compared to $(545,000) in Q1 2023[15] - The Partnership recognized a recovery of prior credit loss for the Live 929 Apartments Series 2022A MRB, contributing to current CAD adjustments[15] Shareholder Information - The weighted average number of BUCs outstanding increased to 23,000,754 in Q1 2024 from 22,924,081 in Q1 2023[15]

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 ...

PM Images/DigitalVision via Getty Images It has been some time since we updated the views on Greystone Housing Impact Investors LP. (NYSE:GHI). In November 2022, we took a negative stance on the company in light of the increasing risks to fund the distribution. We maintained that into February 2023, but the large price decline after that allowed an upgrade. Seeking Alpha Greystone lost ground (even on a total return basis) between the Sell and the Hold ratings, but has since then delivered an average p ...

halbergman Co-authored by Treading Softly. Finding a home is an important step for every person. The ability to find a place to live is essential to be able to establish a home base that you then operate from, whether you're going to work, whether it's a place to simply cook a meal or to lay your head at night in sleep. The issue that so much of the housing market is seeing right now is that there's a massive majority of homeowners who are locked in at extremely low interest rates that occurred during t ...

OMAHA, Neb., March 13, 2024 (GLOBE NEWSWIRE) -- On March 13, 2024, Greystone Housing Impact Investors LP (NYSE:GHI) (the "Partnership") announced that the Board of Managers of Greystone AF Manager LLC ("Greystone Manager") declared a distribution to the Partnership's Beneficial Unit Certificate ("BUC") holders of $0.44 per BUC. The distribution consists of a regular quarterly cash distribution of $0.37 per BUC plus a supplemental distribution payable in the form of additional BUCs equal in value to $0.07 pe ...

OMAHA, Neb., March 06, 2024 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE:GHI) (the "Partnership") announced today that on March 4, 2024, it closed on a $10 million increase in the maximum available commitment of its secured revolving Line of Credit facility ("LOC") to up to $50 million. The additional $10 million commitment was provided by a new lender to the Partnership. BankUnited N.A. serves as sole arranger and administrative agent. The LOC is secured by the Partnership's joint ventur ...

OMAHA, Neb., March 04, 2024 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP, a Delaware limited partnership, (NYSE:GHI) (the "Partnership") today announced that it has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission on February 22, 2024. A copy of this Form 10-K is available on the Partnership's website at www.ghiinvestors.com/sec-filings/annual-reports. The Partnership's unitholders may receive a hard copy of the Form 10 ...

Washington, D.C. 20549 UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 incorporatio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended September 30, 2023 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) Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of inc ...