Welcome to our dedicated page for Greystone Housing Impact Investors SEC filings (Ticker: GHI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Greystone Housing Impact Investors LP filings document the Partnership's limited partnership structure, Beneficial Unit Certificates and investment portfolio centered on mortgage revenue bonds, Governmental Issuer Loans and related housing-finance investments. Its 8-K reports furnish operating results, selected supplemental financial information, Cash Available for Distribution measures, earnings-call notices and quarterly cash distribution declarations for BUC holders.
Regulatory filings also cover governance at Greystone AF Manager LLC, including board appointments and independence determinations, along with material-event disclosures, material agreements and capital-structure information. Annual and quarterly reports referenced in the filing record address GAAP financial statements, related notes, management discussion and investment activity across the Partnership's MRB, GIL and market-rate multifamily joint venture investments.
Greystone Housing Impact Investors LP reported weaker first-quarter 2026 results and a shift in its asset mix. Total assets were $1.49 billion, slightly below $1.50 billion at year-end 2025, as the fair value of mortgage revenue bonds fell to $889.7 million from $1.01 billion.
Net income was $1.33 million versus $2.40 million a year earlier, and net income available to partners dropped to $0.23 million, with BUC earnings at $0.01 per unit compared with $0.07. Comprehensive results swung to a $7.07 million loss, driven by $8.03 million of unrealized losses on securities and additional unrealized losses on bond purchase commitments.
The Partnership took ownership of four South Carolina multifamily properties via deeds in lieu of foreclosure on $117.13 million of mortgage revenue bonds, increasing real estate assets to $111.6 million from $3.6 million. Operating cash flow was roughly breakeven, while investing and financing activities used cash, reducing cash and restricted cash to $32.4 million from $54.9 million.
Greystone Housing Impact Investors LP reported first quarter 2026 results with net income of $1.33 million, or $0.01 per Beneficial Unit Certificate (BUC), compared with $2.40 million a year earlier.
Cash Available for Distribution (CAD) was $3.05 million, or $0.13 per BUC, while cash distributions declared were $0.14 per BUC. Total revenues were $21.79 million versus $24.32 million in first quarter 2025, reflecting lower investment income and losses from unconsolidated joint ventures.
Total assets were $1.49 billion as of March 31 2026, with Mortgage Revenue Bond and Governmental Issuer Loan investments of $1.03 billion and an overall leverage ratio of 75%. Management is reallocating capital away from market‑rate multifamily joint venture equity into primarily tax‑exempt mortgage revenue bonds, which they believe will support more stable, tax‑advantaged earnings over time. The partnership also acquired four South Carolina multifamily properties via deed in lieu of foreclosure and remains current on all MRB and GIL borrower payments.
Greystone Housing Impact Investors LP announced it will host a conference call on May 12, 2026 at 9:00 a.m. Eastern Time to discuss its First Quarter 2026 results. Investors can join via toll-free dial-in or international numbers, or listen through a live webcast on the Partnership’s website. A replay will be available on its investor relations site. The Partnership focuses on acquiring and managing mortgage revenue bonds that finance affordable multifamily, seniors, and student housing, generally seeking interest income that is excludable from gross income for federal income tax purposes.
Greystone Housing Impact Investors LP declared a regular quarterly cash distribution of $0.14 per Beneficial Unit Certificate (BUC), payable on April 30, 2026 to holders of record as of March 31, 2026, with BUCs trading ex-distribution on March 31.
For the fourth quarter of 2025, the Partnership reported a net loss of $2.6 million, or $(0.17) per BUC, and Cash Available for Distribution (CAD) of $2.8 million, or $0.12 per BUC, on total revenues of $17.2 million. Total assets were $1.50 billion, including $1.15 billion of mortgage revenue bond and governmental issuer loan investments.
Management is repositioning the portfolio away from market-rate multifamily joint venture equity into primarily tax-exempt mortgage revenue bonds. In early 2026, the Partnership acquired four South Carolina multifamily properties via deed in lieu of foreclosure tied to $119.9 million of original MRB investments, repaid $95.9 million of TOB financings, and obtained a new $84.0 million mortgage loan secured by the properties.
Greystone Housing Impact Investors LP filed a current report outlining several investor updates. The partnership announced it will host a conference call on March 19, 2026 at 4:30 p.m. Eastern Time to discuss its Fourth Quarter 2025 results, with both phone and webcast access available.
It also notified investors that Tax Year 2025 Schedule K‑1 forms are now accessible electronically via the Tax Package Support website, with paper copies to be mailed unless paperless delivery was elected. In addition, the partnership reported that it filed its Form 10‑K for the year ended December 31, 2025, which is available online and by free hard‑copy request.
The press release reiterates the partnership’s focus on acquiring and managing mortgage revenue bonds financing affordable multifamily, seniors, and student housing, using leverage and interest rate risk management tools while emphasizing that interest on these bonds is generally expected to be federally tax‑exempt.
Greystone Housing Impact Investors LP focuses on financing affordable multifamily and seniors housing, primarily through tax-exempt mortgage revenue bonds (MRBs) and governmental issuer loans (GILs). As of December 31, 2025, MRB investments totaled $987,519,370 of principal across 84 bonds, while GIL investments totaled $138,757,835 across 4 loans.
The partnership also holds taxable MRBs and GILs, property loans, and joint venture equity stakes in market-rate and seniors housing developments, and began owning multifamily properties via deed in lieu of foreclosure in early 2026. It targets an overall leverage ratio up to 80%; the ratio was about 75% at year-end 2025.
Greystone uses lines of credit, Freddie Mac TEBS structures, tender option bond trusts, and securitizations to finance assets, and actively hedges interest-rate risk, including $294.5 million of interest rate swaps outstanding at year-end. A Form S-3 shelf allows issuance of up to $200.0 million of BUCs, preferred units, or debt securities, supplementing existing Series A-1 and Series B Preferred Units. The filing outlines detailed risk factors spanning interest rates, credit performance of underlying properties, leverage, regulatory status, and tax considerations.
Greystone Housing Impact Investors LP reported weaker results for 2025 and the fourth quarter while advancing a shift in strategy. For the three months ended December 31, 2025, it recorded a net loss of $2.6 million, or $(0.17) per Beneficial Unit Certificate (BUC), and Cash Available for Distribution (CAD) of $2.8 million, or $0.12 per BUC. Total assets were $1.5 billion, including $1.15 billion of mortgage revenue bond (MRB) and governmental issuer loan (GIL) investments. For the full year 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. In December 2025 the Board declared a quarterly cash distribution of $0.25 per BUC, paid January 30, 2026. Management is reducing exposure to market-rate multifamily joint venture equity investments and plans to redeploy capital primarily into tax-exempt MRBs, aiming for more stable earnings and a higher share of tax-advantaged income over time. During the fourth quarter, advances and acquisitions of MRB, taxable MRB, taxable GIL and property loan investments totaled approximately $39.2 million, while redemptions and paydowns of GIL investments totaled approximately $12.1 million. In early 2026, the Partnership acquired four South Carolina multifamily properties via deeds in lieu of foreclosure on MRBs with original balances of $119.9 million, repaid related TOB trust financings of about $95.9 million, and obtained a new $84.0 million mortgage loan secured by the properties. All MRB and GIL investments were current on principal and interest as of December 31, 2025, and interest rate hedges generated net receipts of about $660,000 for the quarter and $3.2 million for the year.
Greystone Housing Impact Investors subsidiaries amended an existing loan agreement and confirmed total notes of $84,000,000 with BankUnited, N.A. and ServisFirst Bank. The amendment updates definitions, adds post-closing pledgors, adjusts extension terms, and tightens financial covenants, including required debt service coverage ratios of 1.00:1.00 and 1.05:1.00 as of February 15, 2027 and June 30, 2027.
The lenders advanced additional principal of $42,000,000, which financed the acquisition of Windsor Shores Apartments in Columbia, SC and Century Plaza Apartments in Greenville, SC, both affordable multifamily properties. These assets were taken via deed in lieu of foreclosure after prior mortgage revenue bond defaults. The notes bear interest at one‑month Term SOFR plus 2.75% and are hedged with swap agreements covering the full $84,000,000 principal.
Greystone Housing Impact Investors LP filed an amended current report to fix a missing hyperlink to a previously issued press release. The amendment does not change any other disclosures.
The filing reiterates that on January 14, 2026, GHI GP Holdings LLC, as sole member of Greystone AF Manager LLC, appointed Alfonso Costa Jr. to the Greystone AF Manager LLC Board of Managers, effective January 15, 2026. In this role, he will act in the capacity of a director of the Partnership.
Because of an existing advisory relationship with an affiliated entity, the board determined that Mr. Costa does not meet New York Stock Exchange and SEC independence standards. The filing states there is no arrangement or understanding behind his appointment and no related-party transactions requiring disclosure. It provides extensive biographical details on his real estate and government experience and notes that his appointment was announced in a January 20, 2026 press release.
Greystone Housing Impact Investors LP reported a leadership change related to its governance structure. On January 14, 2026, GHI GP Holdings LLC, as sole member of Greystone AF Manager LLC, appointed Alfonso Costa Jr. to the Board of Managers of Greystone AF Manager LLC, effective January 15, 2026. In this role, he will act in the capacity of a director of the Partnership.
The board determined that Mr. Costa does not meet the New York Stock Exchange and SEC independence standards because of a current advisory relationship with an affiliated entity of Greystone AF Manager LLC. The filing states there is no arrangement or understanding with any other person regarding his appointment and no related-party transactions requiring disclosure. The report includes Mr. Costa’s background in real estate development and prior leadership roles at the U.S. Department of Housing and Urban Development, as well as his board and industry affiliations. A press release announcing his appointment is filed as an exhibit.