Greystone Housing Impact Investors Reports Second Quarter 2024 Financial Results

Core Insights - Greystone Housing Impact Investors LP reported financial results for the second quarter of 2024, showing steady performance despite market volatility [2][3] Financial Highlights - Net income for the three months ended June 30, 2024, was $0.19 per Beneficial Unit Certificate (BUC), with Cash Available for Distribution (CAD) at $0.27 per BUC [2] - Total assets reached $1.53 billion, with total Mortgage Revenue Bond (MRB) and Governmental Issuer Loan (GIL) investments amounting to $1.22 billion [2] - For the six months ended June 30, 2024, net income was $0.61 per BUC and CAD was $0.50 per BUC [2] Management Remarks - The CEO highlighted the steady performance of the investment portfolio and emphasized the focus on capitalizing on significant investment opportunities in the current market environment [3] Recent Investment and Financing Activity - The Partnership advanced funds totaling $83.5 million on MRB and taxable MRB investments and $19.5 million on GIL and property loan investments during the second quarter [4] - Additional BUCs were issued under the "at-the-market" program for gross proceeds of $1.5 million [4] Investment Portfolio Updates - All affordable multifamily MRB and GIL investments are current on contractual principal and interest payments, with no requests for forbearance as of June 30, 2024 [5] - The Partnership executed a hedging strategy through interest rate swaps, receiving net payments of approximately $1.7 million and $3.3 million during the three and six months ended June 30, 2024, respectively [5] Earnings Webcast & Conference Call - A conference call was scheduled for August 7, 2024, to discuss the second quarter results, with details provided for participation [7][8] About the Company - Greystone Housing Impact Investors LP focuses on acquiring, holding, and managing a portfolio of mortgage revenue bonds for affordable housing financing, pursuing a leveraged investment strategy [10]