Greystone Housing Impact Investors LP (GHI) Registration Filing summary

Company overview and business model

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

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

• The business strategy emphasizes leveraging expertise in affordable housing finance, recurring income, and portfolio optimization through acquisitions, sales, and redeployment of capital.

• The partnership is managed by a general partner affiliated with a leading real estate finance company, with BUCs traded on the NYSE.

Financial performance and metrics

• As of June 30, 2025, MRB investments totaled $998.1 million in principal across 85 bonds, 70 properties, and 11,004 units in 13 states.

• GIL investments totaled $121.9 million in principal across 4 loans and 527 units in 2 states, with $37.6 million in taxable GILs.

• Property loans outstanding were $55.3 million, and JV equity investments included 10 interests in four states.

• The overall leverage ratio was approximately 74% as of June 30, 2025, with a board-imposed 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 offerings will be used to acquire additional MRBs, GILs, and other qualifying investments, with any remainder for general business purposes or debt reduction.

• Specific allocation of proceeds will be detailed in the applicable prospectus supplement at the time of each offering.