Greystone Housing Impact Investors LP(GHI) - 2025 Q3 - Quarterly Report

Financing Activities - The company completed a securitization transaction to finance credit-enhanced custodial receipts related to 12 Mortgage Revenue Bonds (MRBs) through the Wisconsin Public Finance Authority[9]. - Twelve MRBs associated with the 2024 PFA Securitization Transaction were created, with senior custodial receipts sold to the Wisconsin Public Finance Authority to pay debt service on Affordable Housing Multifamily Certificates[10]. - The company has established a secured non-operating line of credit (Acquisition LOC) to finance the acquisition of financed assets with several financial institutions[11]. - The company has filed a new Form S-3 shelf registration statement with the SEC, allowing for the issuance of up to $200 million of Beneficial Unit Certificates (BUCs), Preferred Units, and debt securities[24]. - The Partnership's new Form S-3 shelf registration statement allows for the issuance of up to $200.0 million of BUCs, Preferred Units, and debt securities[24]. Financial Performance - The partnership's financial statements include condensed consolidated balance sheets, statements of operations, and statements of cash flows, providing a comprehensive overview of financial performance[7]. - The management's discussion and analysis section offers insights into the financial condition and results of operations, highlighting key performance metrics[8]. - The Partnership's financial performance is subject to risks including defaults on mortgage loans and changes in interest rates[29]. - The Partnership's ability to access debt and equity capital is crucial for financing its assets[29]. Joint Ventures and Investments - The company is actively involved in the construction lending joint venture with BlackRock Impact Opportunities to finance affordable multifamily housing properties across the United States[14]. - The Partnership is involved in a joint venture with BlackRock to finance the construction and rehabilitation of affordable multifamily housing properties across the U.S.[14]. - The Partnership's investment strategy focuses on multifamily, student, and senior citizen residential properties[29]. Risk Factors - The partnership's risk factors include potential defaults on mortgage loans, competitive environment challenges, and economic conditions affecting real estate markets[29]. - Forward-looking statements in the report indicate expectations regarding future operations and financial trends, subject to various risks and uncertainties[28]. - The Partnership's financial condition may be impacted by geopolitical events, including the Russia-Ukraine war[29]. - The Partnership has not independently verified statistical data generated by independent parties, which may affect the accuracy of market size and growth estimates[28]. - The Partnership's operations are influenced by local, regional, national, and international economic conditions[29]. Distributions - The Partnership completed a distribution of additional BUCs at a ratio of 0.00417 BUCs for each BUC outstanding as of March 28, 2024[15]. Leverage - The Partnership's maximum leverage ratio is set at 80% as established by the Board of Managers[19].