Greystone Housing Impact Investors Reports Second Quarter 2025 Financial Results

Financial Highlights - The Partnership reported a net loss of $7.1 million or $0.35 per Beneficial Unit Certificate (BUC) for the three months ended June 30, 2025 [5] - Cash Available for Distribution (CAD) was $5.7 million or $0.25 per BUC [5] - Total assets amounted to $1.48 billion, with total Mortgage Revenue Bond (MRB) and Governmental Issuer Loan (GIL) investments at $1.13 billion [5] Investment and Financing Activity - The Partnership extended the maturity date for its corporate credit lines and increased total borrowing capacity by $30 million [3] - An additional capital commitment of approximately $60 million was received for the BlackRock construction lending joint venture from a second institutional investor [3] - Advances and acquisitions of various investments totaled approximately $47.6 million, while redemptions and sales totaled approximately $70.6 million [6] Revenue and Expenses - Total revenues for the second quarter of 2025 were $23.6 million, compared to $22.0 million in the same period of 2024, reflecting an increase of approximately 7.4% [15] - Total expenses for the second quarter of 2025 were $29.3 million, compared to $17.9 million in the same period of 2024, indicating a significant increase [15] - The provision for credit losses was $9.1 million for the second quarter of 2025, compared to $19.7 thousand in the same period of 2024 [15] Distribution Information - A regular quarterly distribution of $0.30 per BUC was declared in June 2025 and paid on July 31, 2025 [2] - The distribution was made to BUC holders of record as of the close of trading on June 30, 2025 [2] Management Insights - The CEO emphasized a focus on lending associated with low-income housing tax credit projects [3] - The Partnership's investment strategy includes acquiring additional mortgage revenue bonds and leveraging attractive financing structures available in the securities market [10]