Greystone Housing Impact Investors LP (GHI) Registration Filing summary

Company overview and business model

• Formed in 1998, the partnership acquires mortgage revenue bonds (MRBs) and governmental issuer loans (GILs) to finance affordable multifamily, seniors, and commercial properties, with a focus on tax-advantaged income and capital gains.

• Investments include MRBs, GILs, property loans, and joint venture equity in market-rate multifamily and seniors housing developments.

• BUCs (beneficial unit certificates) are traded on the NYSE, and three series of preferred units are outstanding, with no plans to issue more Series A units.

• The partnership is managed by a general partner affiliated with Greystone, a leading multifamily and healthcare finance company.

Financial performance and metrics

• As of June 30, 2025, MRB investments totaled $998.1 million across 70 properties in 13 states, with 11,004 units.

• GIL investments totaled $121.9 million across 4 properties, with 527 units.

• The overall leverage ratio was approximately 74% as of June 30, 2025, with a board-established maximum of 80%.

• Quarterly cash distributions are made to BUC holders, with the most recent being $0.30 per BUC for Q3 2025.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used to acquire additional MRBs, GILs, and other investments meeting investment criteria; any remaining proceeds may be used for general business purposes, including debt reduction.

• Specific allocation of proceeds will be detailed in the applicable prospectus supplement.