Core Viewpoint - Greystone Housing Impact Investors LP announced its financial results for the year ended December 31, 2025, highlighting a strategic shift in capital allocation towards tax-exempt mortgage revenue bond investments and a quarterly distribution of $0.25 per Beneficial Unit Certificate (BUC) [1][6][24]. Financial Highlights - For the three months ended December 31, 2025, the Partnership reported a net loss of $2.6 million or $0.17 per BUC, with Cash Available for Distribution (CAD) of $2.8 million or $0.12 per BUC [6][17]. - For the year ended December 31, 2025, the Partnership reported a net loss of $7.6 million or $0.52 per BUC, with CAD of $19.1 million or $0.82 per BUC [6][17]. - Total assets were reported at $1.5 billion, with total Mortgage Revenue Bond (MRB) and Governmental Issuer Loan (GIL) investments amounting to $1.15 billion [6][17]. Operational Update - The Partnership is reducing its capital allocation to joint venture equity investments in market-rate multifamily properties, focusing on maximizing sales prices and returns from the remaining portfolio [2]. - The strategy aims to redeploy capital into primarily tax-exempt mortgage revenue bond investments, which are expected to provide more stable earnings and tax-advantaged income for unitholders [3][4]. Management Remarks - The CEO, Kenneth C. Rogozinski, indicated progress in implementing the capital reallocation strategy, collaborating with brokers and property management firms to plan exit timelines based on property-level activity [5]. Recent Investment and Financing Activity - In January and February 2026, the Partnership acquired four multifamily properties in South Carolina through deed in lieu of foreclosure, with original MRB investments totaling $119.9 million [7]. - The Partnership repaid approximately $95.9 million in TOB trust financings associated with the MRB investments and secured a new $84.0 million mortgage loan for the acquisitions [7]. Investment Portfolio Updates - The Partnership continues to execute its hedging strategy, primarily through interest rate swaps, with net receipts of approximately $660,000 for the three months ended December 31, 2025 [13]. - All MRB and GIL investments were current on contractual principal and interest payments as of December 31, 2025 [12].