Greystone Housing Impact Investors LP Extends General Line of Credit Facility

Core Points - Greystone Housing Impact Investors LP amended its $50 million secured revolving Line of Credit facility, extending the maturity date to June 2027 with two additional one-year extension options [1][2] - The amendment allows the Partnership to increase its maximum allowable seniors housing joint venture equity investments to 30% of eligible encumbered assets and enhances its maximum allowable limited guaranties of debt associated with these investments [2][3] - The deficiency guaranty for the facility is provided by an affiliate of the Partnership's general partner without charging a fee, which enhances liquidity and operational flexibility for additional investments in the seniors housing segment [3] Company Overview - Greystone Housing Impact Investors LP was established in 1998 to manage a portfolio of mortgage revenue bonds aimed at financing affordable multifamily, seniors, and student housing properties [4] - The Partnership's strategy includes acquiring additional mortgage revenue bonds and investments on a leveraged basis, with expectations that interest earned on these bonds is excludable from federal income tax [4] - The company aims to achieve investment growth through attractive financing structures and interest rate risk management instruments as outlined in its Second Amended and Restated Limited Partnership Agreement [4]