Form 8-K
8-K — Greystone Housing Impact Investors LP
Accession: 0001193125-26-342381
Filed: 2026-08-10
Period: 2026-08-10
CIK: 0001059142
SIC: 6199 (FINANCE SERVICES)
Item: Results of Operations and Financial Condition
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — ghi-20260810.htm (Primary)
EX-99.1 (ghi-ex99_1.htm)
EX-99.2 (ghi-ex99_2.htm)
GRAPHIC (img133059646_0.jpg)
GRAPHIC (img133059646_1.gif)
GRAPHIC (img133059646_2.jpg)
GRAPHIC (img133059646_3.jpg)
GRAPHIC (img133059646_4.jpg)
GRAPHIC (img133059646_5.jpg)
GRAPHIC (img133059646_6.jpg)
GRAPHIC (img133059646_7.jpg)
GRAPHIC (img133059646_8.jpg)
GRAPHIC (img133059646_9.jpg)
GRAPHIC (img133059646_10.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: ghi-20260810.htm · Sequence: 1
8-K
false000105914200010591422026-08-102026-08-10
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 10, 2026
Greystone Housing Impact Investors LP
(Exact name of Registrant as Specified in Its Charter)
Delaware
001-41564
47-0810385
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
14301 FNB Parkway, Suite 211
Omaha, Nebraska
68154
(Address of Principal Executive Offices)
(Zip Code)
Registrant’s Telephone Number, Including Area Code: 402 952-1235
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Beneficial Unit Certificates representing assignments of limited partnership interests in Greystone Housing Impact Investors LP
GHI
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On August 10, 2026, Greystone Housing Impact Investors LP (the “Partnership”) issued a press release announcing its financial results for the second quarter ended June 30, 2026. A copy of the Partnership’s press release announcing these financial results is attached as Exhibit 99.1 hereto and is incorporated by reference into this report. The information included in this Current Report on Form 8-K (including Exhibit 99.1 hereto) that is furnished pursuant to this Item 2.02 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section or Section 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained in this Item and in the accompanying Exhibit 99.1 shall not be incorporated by reference into any filing of the Partnership, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference into such filing.
Item 7.01. Regulation FD Disclosure.
On August 10, 2026, Greystone Housing Impact Investors LP (the “Partnership”) is providing the information which is included in this Current Report on Form 8-K (including Exhibit 99.2 hereto) with respect to supplemental financial information for the Partnership on the Partnership’s website, www.ghiinvestors.com. This information includes selected financial and operations information from the second quarter of 2026 and does not represent a complete set of financial statements and related notes prepared in conformity with generally accepted accounting principles (“GAAP”). Most, but not all, of the selected financial information furnished herein is derived from the Partnership’s consolidated financial statements and related notes prepared in accordance with GAAP and management’s discussion and analysis of financial condition and results of operations included in the Partnership’s reports on Forms 10-K and 10-Q.
The information included in this Current Report on Form 8-K (including Exhibit 99.2 hereto) that is furnished pursuant to this Item 7.01 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained in this Item and in the accompanying Exhibit 99.2 shall not be incorporated by reference into any filing of the Partnership, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference into such filing.
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
Exhibit
Number
Description
99.1
Press Release dated August 10, 2026.
99.2
Supplemental information furnished August 10, 2026.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Greystone Housing Impact Investors LP
Date:
August 10, 2026
By:
/s/ Eric R. Nielsen
Printed: Eric R. Nielsen
Title: Interim Chief Financial Officer
EX-99.1
EX-99.1
Filename: ghi-ex99_1.htm · Sequence: 2
EX-99.1
Exhibit 99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE
Omaha, Nebraska
August 10, 2026
MEDIA CONTACT:
Fran Del Valle
Greystone
917-922-5653
fran@influencecentral.com
INVESTOR CONTACT:
Andy Grier
Investor Relations
402-952-1235
Greystone Housing Impact Investors Reports Second Quarter 2026 Financial Results
Omaha, Nebraska – On August 10, 2026, Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced financial results for the three months ended June 30, 2026.
The Partnership also announced it will host a call on Tuesday, August 11th at 9:00 a.m. Eastern Time to discuss the results and its business outlook. Details for accessing the call can be found below under "Earnings Webcast & Conference Call."
Financial Highlights
The Partnership reported the following results as of and for the three months ended June 30, 2026:
•
Net loss of $1.52 million or $0.11 per Beneficial Unit Certificate (“BUC”), basic and diluted
•
Cash Available for Distribution (“CAD”) of $2.43 million or $0.10 per BUC
•
Total assets of $1.39 billion
•
Total Mortgage Revenue Bond (“MRB”) and Governmental Issuer Loan (“GIL”) investments of $927.5 million
A reconciliation of net income to CAD is included below under “Disclosure Regarding Non-GAAP Measures - Cash Available for Distribution.”
In June 2026, the Partnership announced that the Board of Managers of Greystone AF Manager LLC declared a regular quarterly distribution to the Partnership's BUC holders of $0.14 per BUC. The distribution was paid on July 31, 2026, to BUC holders of record as of the close of trading on June 30, 2026.
Operational Update
The Partnership continues to pursue its strategy of reducing the capital allocated to joint venture equity investments in market rate multifamily properties. The Partnership and the respective property managing members will manage the remaining portfolio of market rate multifamily investments to maximize sales prices and returns to the extent possible, with return of capital from the sale of these investments to be redeployed into primarily tax-exempt mortgage revenue bond investments.
The Partnership believes this change in investment strategy will provide many benefits to unitholders, including more stable investment earnings, an increase in the proportion of tax-advantage income allocated to unitholders in the long-term, and more capital allocated to a proven investment class that is core to our operations and leverages the strong relationships and knowledge base of Greystone’s other lending platforms.
The Partnership’s near-term results of operations will be impacted by the pace of sales of market rate multifamily investments and our ability to redeploy capital into new tax-exempt mortgage revenue bond investments. The Partnership and Board of Managers will continue assessing the potential impacts on the Partnership’s short-term and long-term earnings expectations and future unitholder distributions, with a focus on the long-term benefit to unitholders and the Partnership.
Management Remarks
“The Partnership continues to work with the managing members of our market rate multifamily properties to position our remaining investments in this segment for sale” said Kenneth C. Rogozinski, Chief Executive Officer of the Partnership. “We are working with third-party brokers and property management firms to plan potential exit timelines based on current property level leasing activity and operating results. We are also working with our internal origination team and the broader Greystone affordable platform to identify traditional mortgage revenue bond investment opportunities where we can redeploy capital once the market rate multifamily exits occur”, said Rogozinski.
Recent Investment and Financing Activity
The Partnership reported the following updates for the second quarter of 2026:
•
Advances and acquisitions on taxable MRB, GIL, and property loan investments totaled approximately $42.5 million.
•
Redemptions of GIL and taxable GIL investments totaled approximately $153.6 million.
•
Contributions to market-rate joint venture equity investments totaled approximately $4.2 million.
In July 2026, the Partnership sold the Everett Pointe Apartments GIL and the Sandoval Flats property loan to the Construction Lending JV for principal proceeds of approximately $13.2 million. Additionally, the Partnership acquired and subsequently sold the Chapanoke Village GIL to the Construction Lending JV with a principal balance of $6.5 million.
Investment Portfolio Updates
The Partnership announced the following updates regarding its investment portfolio:
•
All MRB and GIL investments were current on contractual principal and interest payments from borrowers as of June 30, 2026.
•
The Partnership continues to execute its hedging strategy, primarily through interest rate swaps, to reduce the impact of changing market interest rates with net receipts totaling approximately $214,000 for the three months ended June 30, 2026.
•
Eight current market-rate joint venture equity investment properties and one seniors housing joint venture equity investment property have completed construction and one seniors housing joint venture equity investment property has commenced construction. Two market-rate joint venture equity investment properties are in the planning phase.
In July 2026, the three Vantage properties located in Texas, Vantage at Hutto, Vantage at Fair Oaks, and Vantage at McKinney Falls, secured a new debt facility to refinance their original construction and bridge loans. As a result of the refinancing, the Partnership was released from its limited guaranty agreements associated with the Vantage at McKinney and Vantage at Hutto bridge loans.
Earnings Webcast & Conference Call
The Partnership will host a conference call for investors on Tuesday, August 11, 2026 at 9:00 a.m. Eastern Time to discuss the Partnership’s second quarter 2026 results.
For those interested in participating in the question-and-answer session, participants may dial-in toll free at (877) 407-8813. International participants may dial-in at +1 (201) 689-8521. No pin or code number is needed.
The call is also being webcast live in listen-only mode. The webcast can be accessed via the Partnership's website under “News & Events” or via the following link:
https://event.choruscall.com/mediaframe/webcast.html?webcastid=BooQzPFs
It is recommended that you join 15 minutes before the conference call begins (although you may register, dial-in or access the webcast at any time during the call).
A recorded replay of the webcast will be made available on the Partnership’s Investor Relations website at http://www.ghiinvestors.com.
About Greystone Housing Impact Investors LP
Greystone Housing Impact Investors LP was formed in 1998 under the Delaware Revised Uniform Limited Partnership Act for the primary purpose of acquiring, holding, selling and otherwise dealing with a portfolio of mortgage revenue bonds which have been issued to provide construction and/or permanent financing for affordable multifamily, seniors and student housing properties. The Partnership is pursuing a business strategy of acquiring additional mortgage revenue bonds and other investments on a leveraged basis. The Partnership expects and believes the interest earned on these mortgage revenue bonds is excludable from gross income for federal income tax purposes. The Partnership seeks to achieve its investment growth strategy by investing in additional mortgage revenue bonds and other investments as permitted by its Second Amended and Restated Limited Partnership Agreement, dated December 5, 2022 (the “Partnership Agreement”), taking advantage of attractive financing structures available in the securities market, and entering into interest rate risk management instruments. Greystone Housing Impact Investors LP press releases are available at www.ghiinvestors.com.
Safe Harbor Statement
Certain statements in this press release are intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by use of statements that include, but are not limited to, phrases such as “believe,” “expect,” “future,” “anticipate,” “intend,” “plan,” “foresee,” “may,” “should,” “will,” “estimates,” “potential,” “continue,” or other similar words or phrases. Similarly, statements that describe objectives, plans, or goals also are forward-looking statements. Such forward-looking statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Partnership. The Partnership cautions readers that a number of important factors could cause actual results to differ materially from those expressed in, implied, or projected by such forward-looking statements. Risks and uncertainties include, but are not limited to: defaults on the mortgage loans securing our mortgage revenue bonds and governmental issuer loans; the competitive environment in which the Partnership operates; risks associated with investing in multifamily, student, senior citizen residential properties and commercial properties; general economic, geopolitical, and financial conditions, including the current and future impact of changing interest rates, inflation, and international conflicts (including the Russia-Ukraine war and conflicts in the Middle East) on business operations, employment, and financial conditions; uncertain conditions within the domestic and international macroeconomic environment, including monetary and fiscal policy and conditions in the investment, credit, interest rate, and derivatives markets; any effects on our business resulting from new U.S. domestic or foreign governmental trade measures, including but not limited to tariffs, import and export controls, foreign exchange intervention accomplished to offset the effects of trade policy or in response to currency volatility, and other restrictions on free trade; adverse reactions in U.S. financial markets related to actions of foreign central banks or the economic performance of foreign economies, including in particular China, Japan, the European Union, and the United Kingdom; the general condition of the real estate markets in the regions in which the Partnership operates, which may be unfavorably impacted by pressures in the commercial real estate sector, incrementally higher unemployment rates, persistent elevated inflation levels, and other factors; changes in interest rates and credit spreads, as well as the success of any hedging strategies the Partnership may undertake in relation to such changes, and the effect such changes may have on the relative spreads between the yield on investments and cost of financing; the potential for inflationary impacts resulting from macroeconomic conditions and policy initiatives; the Partnership’s ability to access debt and equity capital to finance its assets; current maturities of the Partnership’s financing arrangements and the Partnership’s ability to renew or refinance such financing arrangements; local, regional, national and international economic and credit market conditions; legislative changes to Low Income Housing Tax Credits issued in accordance with Section 42 of the Internal Revenue Code and certain tax credit recapture events; geographic concentration of properties related to investments held by the Partnership; changes in the U.S. corporate tax code and other government regulations affecting the Partnership’s business; risks related to the development and use of artificial intelligence (AI); and the other risks detailed in the Partnership’s SEC filings (including but not limited to, the Partnership’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K). Readers are urged to consider these factors carefully in evaluating the forward-looking statements.
If any of these risks or uncertainties materializes or if any of the assumptions underlying such forward-looking statements proves to be incorrect, the developments and future events concerning the Partnership set forth in this press release may differ materially from those expressed or implied by these forward-looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this document. We anticipate that subsequent events and developments will cause our expectations and beliefs to change. The Partnership assumes no obligation to update
such forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, unless obligated to do so under the federal securities laws.
GREYSTONE HOUSING IMPACT INVESTORS LP
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
For the Three Months Ended June 30,
For the Six Months Ended June 30,
2026
2025
2026
2025
Revenues:
Investment income
$
14,711,034
$
20,038,047
$
31,150,190
$
41,113,620
Other interest income
3,217,146
2,558,264
6,339,707
4,846,429
Property revenues
2,078,727
-
3,527,852
-
Contingent interest income
-
208,059
-
208,059
Other income
1,179,273
-
1,953,634
958,825
Total revenues
21,186,180
22,804,370
42,971,383
47,126,933
Expenses:
Real estate operating
1,342,991
-
2,170,626
-
Provision for credit losses
(372,582
)
9,052,734
(2,450,459
)
8,880,734
Depreciation and amortization
3,272,248
2,646
6,018,640
6,188
Interest expense
13,387,124
13,901,191
26,555,270
27,398,485
Net result from derivative transactions
(2,081,363
)
1,379,216
(3,646,002
)
4,415,353
General and administrative
4,041,429
4,674,865
8,692,191
9,245,126
Total expenses
19,589,847
29,010,652
37,340,266
49,945,886
Other income:
Gain on deed in lieu of foreclosures
22,790
-
2,241,813
-
Gain on sale of investments in unconsolidated entities
16,624
195,516
16,624
200,736
Earnings (losses) from investments in unconsolidated entities
(3,161,262
)
(2,247,076
)
(8,091,362
)
(3,239,335
)
Loss before income taxes
(1,525,515
)
(8,257,842
)
(201,808
)
(5,857,552
)
Income tax benefit
(2,786
)
(2,762
)
(5,459
)
(5,495
)
Net loss
(1,522,729
)
(8,255,080
)
(196,349
)
(5,852,057
)
Redeemable Preferred Unit distributions and accretion
(1,101,685
)
(1,029,649
)
(2,203,369
)
(1,790,328
)
Net loss available to Partners
$
(2,624,414
)
$
(9,284,729
)
$
(2,399,718
)
$
(7,642,385
)
Net income (loss) available to Partners allocated to:
General Partner
$
(22,255
)
$
(4,030
)
$
(20,008
)
$
12,341
Limited Partners - BUCs
(2,643,583
)
(9,356,596
)
(2,462,559
)
(7,787,668
)
Limited Partners - Restricted units
41,424
75,897
82,849
132,942
$
(2,624,414
)
$
(9,284,729
)
$
(2,399,718
)
$
(7,642,385
)
BUC holders' interest in net loss per BUC, basic and diluted
$
(0.11
)
$
(0.40
)
$
(0.11
)
$
(0.34
)
Weighted average number of BUCs outstanding, basic
23,266,619
23,171,226
23,266,619
23,171,226
Weighted average number of BUCs outstanding, diluted
23,266,619
23,171,226
23,266,619
23,171,226
Disclosure Regarding Non-GAAP Measures - Cash Available for Distribution
The Partnership believes that CAD provides relevant information about the Partnership’s operations and is necessary, along with net income, for understanding its operating results. To calculate CAD, the Partnership begins with net income as computed in accordance with GAAP and adjusts for non-cash expenses or income consisting of depreciation expense, amortization expense related to deferred financing costs, amortization of premiums and discounts, fair value adjustments to derivative instruments, provisions for credit and loan losses, impairments on MRBs, GILs, real estate assets and property loans, deferred income tax expense (benefit), and restricted unit compensation expense. The Partnership also adjusts net income for the Partnership’s share of (earnings) losses of investments in unconsolidated entities related to the Market Rate Joint Venture Investments segment as such amounts are primarily depreciation expenses and development costs that are expected to be recovered upon an exit event. The Partnership also deducts Tier 2 income distributable to the General Partner as defined in the Partnership Agreement and distributions and accretion for the Preferred Units. Net income is the GAAP measure most comparable to CAD. There is no generally accepted methodology for computing CAD, and the Partnership’s computation of CAD may not be comparable to CAD reported by other companies. Although the Partnership considers CAD to be a useful measure of the Partnership’s operating performance, CAD is a non-GAAP measure that should not be considered as an alternative to net income calculated in accordance with GAAP, or any other measures of financial performance presented in accordance with GAAP.
The following table shows the calculation of CAD (and a reconciliation of the Partnership’s net income, as determined in accordance with GAAP, to CAD) for the three and six months ended June 30, 2026 and 2025:
For the Three Months Ended June 30,
For the Six Months Ended June 30,
2026
2025
2026
2025
Net income (loss)
$
(1,522,729
)
$
(8,255,080
)
$
(196,349
)
$
(5,852,057
)
Unrealized (gains) losses on derivatives, net
(1,866,956
)
2,142,777
(3,409,954
)
6,025,973
Depreciation and amortization
3,272,248
2,646
6,018,640
6,188
Provision for credit losses (1)
(372,582
)
9,052,734
(2,450,459
)
8,880,734
Reversal of gain on deed in lieu of foreclosures (2)
(22,790
)
-
(2,241,813
)
-
Amortization of deferred financing costs
430,920
387,362
919,945
768,696
Restricted unit compensation expense
398,145
505,275
791,915
739,322
Deferred income taxes
(1,038
)
(989
)
(157
)
238
Redeemable Preferred Unit distributions and accretion
(1,101,685
)
(1,029,649
)
(2,203,369
)
(1,790,328
)
Tier 2 income allocable to the General Partner (3)
(4,156
)
(92,852
)
(4,156
)
(92,852
)
Recovery of prior credit loss (4)
(11,523
)
79,191
(22,643
)
62,224
Bond premium, discount and acquisition fee amortization, net
of cash received
56,248
237,628
155,012
262,848
(Earnings) losses from investments in unconsolidated entities
3,180,718
2,217,319
8,129,070
3,209,578
Total CAD
$
2,434,820
$
5,246,362
$
5,485,682
$
12,220,564
Weighted average number of BUCs outstanding, basic
23,266,619
23,171,226
23,266,619
23,171,226
Net income (loss) per BUC, basic
$
(0.11
)
$
(0.40
)
$
(0.11
)
$
(0.34
)
Total CAD per BUC, basic
$
0.10
$
0.23
$
0.24
$
0.53
Cash Distributions declared, per BUC
$
0.14
$
0.30
$
0.28
$
0.67
(1)
The adjustments reflect the change in allowances for credit losses under the CECL standard which requires the Partnership to update estimates of expected credit losses for its investment portfolio at each reporting date. Credit losses are not reported within CAD until such losses are realized. The provision for credit loss for the three months ended June 30, 2026 includes a reduction of the first quarter recovery of approximately $39,000 of our previously recognized allowance for credit losses related to The Park at Sondrio MRB and taxable MRB, The Park at Vietti MRB and taxable MRB, and Windsor Shores Apartments MRB. The provision for credit loss for the six months ended June 30, 2026 includes an asset-specific provision for credit loss of approximately $93,000 offset by a recovery of approximately $2.0 million of our previously recognized allowance for credit losses related to The Park at Sondrio MRB and taxable MRB, The Park at Vietti MRB and taxable MRB, and Windsor Shores Apartments MRB. The provision for credit loss for the three and six months ended June 30, 2025 includes asset-specific provisions for credit losses for affordable multifamily investments totaling approximately $9.3 million.
(2)
The gain on deed in lieu of foreclosures for the three and six months ended June 30, 2026 was equal to the excess amount of the appraised value of the real estate assets acquired over our amortized cost basis of the Windsor Shores MRB and taxable MRB and The Ivy Apartments (a/k/a Century Plaza Apartments) MRB. We have excluded this gain in the calculation of CAD as it is non-cash and relates to fair value estimates of real estate assets.
(3)
Net Interest Income representing contingent interest and Net Residual Proceeds representing contingent interest (Tier 2 income) will be distributed 75% to the limited partners and BUC holders, as a class, and 25% to the General Partner. This adjustment represents 25% of Tier 2 income due to the General Partner. Tier 2 income for the three and six months ended June 30, 2026 related to final settlements of the Vantage at Helotes sale that occurred in May 2025. Tier 2 income for the three and six months ended June 30, 2025 related to the gain on sale of Vantage at Helotes and the premium received upon redemption of the Companion at Thornhill Apartments MRB.
(4)
The Partnership determined there was a recovery of previously recognized impairment recorded for the Live 929 Apartments Series 2022A MRB prior to the adoption of the CECL standard effective January 1, 2023. The Partnership is accreting the recovery of prior credit loss for this MRB into investment income over the term of the MRB consistent with applicable guidance. The accretion of recovery of value, net of adjustments, is presented as a reduction to current CAD as the original provision for credit loss was an addback for CAD calculation purposes in the period recognized.
EX-99.2
EX-99.2
Filename: ghi-ex99_2.htm · Sequence: 3
EX-99.2
Exhibit 99.2
Supplemental Financial Report for the
Quarter Ended June 30, 2026
©2026 Greystone & Co. II LLC. All rights reserved. References to the term “Greystone,” refer to Greystone & Co. II LLC and/or its affiliated companies, as applicable.
Supplemental Financial Report for the Quarter Ended June 30, 2026
Partnership Financial Information
TABLE OF CONTENTS
Letter from the CEO
3
Quarterly Fact Sheet
5
Financial Performance Information
6
Appendices
16
Important Disclosure Notices
20
Other Partnership Information
21
© 2026 Greystone & Co. II LLC
2
Supplemental Financial Report for the Quarter Ended June 30, 2026
Letter from the CEO
I am pleased to report Greystone Housing Impact Investors LP’s operating results for the second quarter of 2026. We reported the following financial results as of and for the three months ended June 30, 2026:
•
Net loss of $1.52 million or $0.11 per Beneficial Unit Certificate (“BUC”), basic and diluted
•
Cash Available for Distribution (“CAD”) of $2.43 million or $0.10 per BUC
•
Total assets of $1.39 billion
•
Total Mortgage Revenue Bond (“MRB”) and Governmental Issuer Loan (“GIL”) investments of $927.5 million
We reported the following notable transactions during the second quarter of 2026:
•
Advances and acquisitions on taxable MRB, GIL, and property loan investments totaled approximately $42.5 million.
•
Redemptions of GIL and taxable GIL investments totaled approximately $153.6 million.
•
Contributions to market-rate joint multifamily and seniors housing venture equity investments totaled approximately $4.2 million.
In July 2026, the Partnership sold the Everett Pointe Apartments GIL and the Sandoval Flats property loan to the Construction Lending JV for principal proceeds of approximately $13.2 million. Additionally, the Partnership acquired and subsequently sold the Chapanoke Village GIL to the Construction Lending JV with a principal balance of $6.5 million.
Other highlights of our investment portfolio include the following:
•
All MRB and GIL investments were current on contractual principal and interest payments from borrowers as of June 30, 2026.
•
The Partnership continues to execute its hedging strategy, primarily through interest rate swaps, to reduce the impact of changing market interest rates with net receipts totaling approximately $214,000 for the three months ended June 30, 2026.
•
Eight current market-rate joint venture equity investment properties and one seniors housing joint venture equity investment property have completed construction and one seniors housing joint venture equity investment property has commenced construction. Two market-rate joint venture equity investment properties are in the planning phase.
In July 2026, the three Vantage properties located in Texas, Vantage at Hutto, Vantage at Fair Oaks, and Vantage at McKinney Falls, secured a new debt facility to refinance their original construction and bridge loans. As a result of the refinancing, the Partnership was released from its limited guaranty agreements associated with the Vantage at McKinney and Vantage at Hutto bridge loans.
© 2026 Greystone & Co. II LLC
3
Supplemental Financial Report for the Quarter Ended June 30, 2026
We continue to pursue our strategy to reduce the capital allocated to joint venture equity investments in market rate multifamily properties. We and the respective property managing members will manage the remaining portfolio of market rate multifamily investments to maximize sales prices and returns to the extent possible, with return of capital from the sale of these investments to be redeployed into primarily new tax-exempt mortgage revenue bond investments.
We believe this change in investment strategy will provide many benefits to unitholders, including more stable investment earnings, an increase in the proportion of tax-advantage income allocated to unitholders in the long-term, and more capital allocated to a proven investment class that is core to our operations and leverages the strong relationships and knowledge base of Greystone’s other lending platforms.
The Partnership’s near-term results of operations will be impacted by the pace of sales of market rate multifamily investments and our ability to redeploy capital into new tax-exempt mortgage revenue bond investments. We and the Board of Managers will continue assessing the potential impacts on the Partnership’s short-term and long-term earnings expectations and future unitholder distributions, with a focus on the long-term benefit to unitholders and the Partnership.
Thank you for your continued support of Greystone Housing Impact Investors LP!
Kenneth C. Rogozinski
Chief Executive Officer
© 2026 Greystone & Co. II LLC
4
Supplemental Financial Report for the Quarter Ended June 30, 2026
Second Quarter 2026 Fact Sheet
PARTNERSHIP DETAILS
Greystone Housing Impact Investors LP was formed for the purpose of acquiring a portfolio of MRBs that are issued to provide construction and/or permanent financing of affordable multifamily residential and commercial properties. The Partnership has also invested in GILs, which, similar to MRBs, provide financing for affordable multifamily properties. We expect and believe the interest paid on the MRBs and GILs to be excludable from gross income for federal income tax purposes. In addition, we have invested in equity interests in multifamily, market rate properties throughout the U.S. We also own interests in multifamily properties ("MF Properties") until the highest and best use can be determined. We continue to pursue a business strategy of acquiring additional MRBs and GILs on a leveraged basis, and other investments.
(As of June 30, 2026)
Symbol (NYSE)
GHI
BUC Price
$
$5.80
BUCs Outstanding (including Restricted Units)
23,562,510
Market Capitalization
$
$136,662,558
52-week BUC price range
$4.71 to $12.00
Partnership Financial Information for Q2 2026
($’s in 000’s, except per BUC amounts)
6/30/2026
12/31/2025
Total Assets
$1,386,637
$1,502,887
Leverage Ratio (1)
74%
75%
Q2 2026
YTD 2026
Total Revenues
$21,186
$42,971
Net Income (loss)
$(1,523)
$(196)
Cash Available for Distribution (“CAD”) (2)
$2,435
$5,486
(1)
Our overall leverage ratio is calculated as total outstanding debt divided by total assets using cost adjusted for paydowns and allowances for MRBs, GILs, property loans, taxable MRBs and taxable GILs, and initial cost for deferred financing costs and real estate assets.
(2)
Management utilizes a calculation of Cash Available for Distribution (“CAD”) to assess the Partnership’s operating performance. This is a non-GAAP financial measure. See the Important Disclosure Notices in the Appendices for important information regarding non-GAAP measures. A reconciliation of our GAAP net income (loss) to CAD is provided on page 18 of this report.
© 2026 Greystone & Co. II LLC
5
Supplemental Financial Report for the Quarter Ended June 30, 2026
Operating Results Summary
(Dollar amounts in thousands, except per BUC information)
Q2 2026
Q2 2025
YTD 2026
YTD 2025
Total revenues
$
21,185
$
22,804
$
42,971
$
47,127
Total expenses
(19,590
)
(29,011
)
(37,340
)
(49,946
)
Gain on deed in lieu of foreclosures
23
-
2,242
-
Gain on sale of investments in unconsolidated entities
17
196
17
201
Earnings (losses) from investments in unconsolidated entities
(3,161
)
(2,247
)
(8,091
)
(3,240
)
Income tax benefit
3
3
5
6
Net loss
$
(1,523
)
$
(8,255
)
$
(196
)
$
(5,852
)
Per BUC operating metrics:
Net income
$
(0.11
)
$
(0.40
)
$
(0.11
)
$
(0.34
)
Cash available for distribution
$
0.10
$
0.23
$
0.24
$
0.53
Per BUC distribution information:
Cash distributions declared
$
0.14
$
0.30
$
0.28
$
0.67
Weighted average BUCs outstanding
23,266,619
23,171,226
23,266,619
23,171,226
BUCs outstanding, end of period
23,266,619
23,171,226
23,266,619
23,171,226
© 2026 Greystone & Co. II LLC
6
Supplemental Financial Report for the Quarter Ended June 30, 2026
Asset Profile
(Dollar amounts in thousands)
© 2026 Greystone & Co. II LLC
7
Supplemental Financial Report for the Quarter Ended June 30, 2026
Mortgage Investments to Total Assets Profile
(Dollar amounts in thousands)
(1)
The decline as of March 31, 2026 is due to the acquisition of four former MRB properties via deed in lieu of foreclosure in Q1 2026 that are now reported as MF Properties.
Note: Mortgage Investments include the Partnership’s Mortgage Revenue Bonds, Governmental Issuer Loans, Taxable Mortgage Revenue
Bonds, Taxable Governmental Issuer Loans, and Property Loans that share a first mortgage with the Governmental Issuer Loans.
© 2026 Greystone & Co. II LLC
8
Supplemental Financial Report for the Quarter Ended June 30, 2026
Debt and Equity Profile
(Dollar amounts in thousands)
© 2026 Greystone & Co. II LLC
9
Supplemental Financial Report for the Quarter Ended June 30, 2026
Debt Financing
(Dollar amounts in thousands)
(1)
The variable-rate debt financing is hedged through our interest rate swap agreements. Though the variable rate indices may differ, these interest rate swaps have effectively synthetically fixed the interest rate of the related debt financing.
(2)
The securitized assets and related debt financings each have variable interest rates. Though the variable rate indices may differ, the Partnership is largely hedged against rising interest rates.
(3)
Approximately one-quarter of this amount relates to investment assets with maturity dates of December 2026, so long-term interest rate risk is minimal.
© 2026 Greystone & Co. II LLC
10
Supplemental Financial Report for the Quarter Ended June 30, 2026
Debt Investments Activity (1)
(Dollar amounts in thousands)
Quarterly Activity
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Investment Purchases
$
47,376
$
27,552
$
39,249
$
8,458
$
42,838
Sales and Redemptions
(72,581
)
(30,757
)
(13,865
)
(4,650
)
(155,457
)
Net Investment Activity
(25,205
)
(3,205
)
25,384
3,808
(112,619
)
Net Debt (Proceeds) Repayment
34,181
9,454
(23,799
)
(1,369
)
95,561
Net Capital Deployed
$
8,976
$
6,249
$
1,585
$
2,439
$
(17,058
)
(1)
The reported amounts include investment activity related to the Construction Lending JV and MF Properties acquired via deed in lieu of foreclosure of previous MRB investments.
© 2026 Greystone & Co. II LLC
11
Supplemental Financial Report for the Quarter Ended June 30, 2026
Market-Rate JV Equity Investments Activity
(Dollar amounts in thousands)
Quarterly Activity
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Q2 2026
JV Equity Contributions
$
3,095
$
331
$
7,577
$
12,555
$
4,221
Return of JV Equity Contributions
(12,901
)
-
(4,445
)
-
-
Net Investment Activity
(9,805
)
331
3,132
12,555
4,221
Net Debt (Proceeds) Repayment
7,000
2,500
(9,500
)
-
-
Net Capital Deployed
$
(2,805
)
$
2,831
$
(6,368
)
$
12,555
$
4,221
© 2026 Greystone & Co. II LLC
12
Supplemental Financial Report for the Quarter Ended June 30, 2026
Net Book Value Waterfall
Note: Per unit data derived from weighted average BUCs outstanding during the period, except for the Net Book Values, which are based on
shares outstanding on the stated date, including unvested restricted units. Numbers may not sum due to rounding.
© 2026 Greystone & Co. II LLC
13
Supplemental Financial Report for the Quarter Ended June 30, 2026
Interest Rate Sensitivity Analysis
The interest rate sensitivity table below represents the change in interest income from investments, net of interest on debt and settlement payments for interest rate derivatives over the next twelve months, assuming an immediate parallel shift in the SOFR yield curve and the resulting implied forward rates are realized as a component of this shift in the curve and assuming management does not adjust its strategy in response. The amounts in the table below do not consider any potential unrealized gains or losses from derivatives in determining the net interest income impact.
Description
- 100 basis points
- 50 basis points
+ 50 basis points
+ 100 basis points
+ 200 basis points
TOB Debt Financings
$
2,901,099
$
1,450,550
$
(1,450,550
)
$
(2,901,099
)
$
(5,802,198
)
Other Financings & Derivatives
(1,374,868
)
(687,434
)
687,434
1,374,868
2,749,736
Variable Rate Investments
(489,250
)
(244,625
)
244,625
489,250
978,500
Net Interest Income Impact
$
1,036,981
$
518,491
$
(518,491
)
$
(1,036,981
)
$
(2,073,962
)
Per BUC Impact (1)
$
0.045
$
0.022
$
(0.022
)
$
(0.045
)
$
(0.089
)
(1)
The net interest income impact per BUC calculated based on 23,266,619 BUCs outstanding as of June 30, 2026.
© 2026 Greystone & Co. II LLC
14
Supplemental Financial Report for the Quarter Ended June 30, 2026
Tax Income Information Related to Beneficial Unit Certificates
(Dollar amounts in millions)
The following table summarizes tax-exempt and taxable income as percentages of total income allocated to the Partnership’s BUCs on Schedule K-1 for tax years 2023 to 2025. This disclosure relates only to income allocated to the Partnership’s BUCs and does not consider an individual unitholder’s basis in the BUCs or potential return of capital as such matters are dependent on the individual unitholders’ specific tax circumstances. The disclosure also assumes that the individual unitholder can utilize all allocated losses and deductions, even though such items may be limited depending on the unitholder’s specific tax circumstances. Such amounts are for all BUC holders in the aggregate during the year. Income is allocated to individual investors monthly and amounts allocated to individual investors may differ from these percentages due to, including, but not limited to, BUC purchases and sales activity and the timing of significant transactions during the year.
2025(1)
2024(1)
2023
Total
Percent
Total
Percent
Total
Percent
Tax-exempt income
$
14.7
n/a
$
16.8
n/a
$
15.4
40
%
Taxable income
(9.1
)
n/a
(21.4
)
n/a
23.4
60
%
$
5.6
n/a
$
(4.6
)
n/a
$
38.8
100
%
(1)
The Partnership generated a net taxable loss for BUC holders for tax years 2025 and 2024 due to the allocation of net rental real estate losses on the Partnership’s JV Equity Investments that exceeded JV Equity property gains on sale during the year.
Unrelated Business Taxable Income
Certain allocations of income and losses may be considered Unrelated Business Taxable Income (“UBTI”) for certain tax-exempt unitholders. UBTI-related items are reported in Box 20V and in the footnotes to each BUC holder’s Schedule K-1. The rules around UBTI are complex, so please consult your tax advisor.
© 2026 Greystone & Co. II LLC
15
Supplemental Financial Report for the Quarter Ended June 30, 2026
Appendices
© 2026 Greystone & Co. II LLC
16
Supplemental Financial Report for the Quarter Ended June 30, 2026
Operating Results Detail
(Dollar amounts in thousands, except per BUC information)
Q2 2026
Q2 2025
YTD 2026
YTD 2025
Revenues:
Investment income
14,711
$
20,038
$
31,150
$
41,114
Other interest income
3,216
2,558
6,339
4,846
Property revenues
2,079
-
3,528
-
Contingent interest income
-
208
-
208
Other income
1,179
-
1,954
959
Total revenues
21,185
22,804
42,971
47,127
Expenses:
Real estate operating
1,343
-
2,171
-
Provision for credit losses
(373
)
9,053
(2,450
)
8,881
Depreciation and amortization
3,272
3
6,019
6
Interest expense
13,387
13,901
26,555
27,398
Net result from derivative transactions
(2,081
)
1,379
(3,646
)
4,415
General and administrative
4,042
4,675
8,691
9,246
Total expenses
19,590
29,011
37,340
49,946
Other Income:
Gain on deed in lieu of foreclosures
23
-
2,242
-
Gain on sale of investments in unconsolidated entities
17
196
17
201
Earnings (losses) from investments in unconsolidated entities
(3,161
)
(2,247
)
(8,091
)
(3,240
)
Loss before income taxes
(1,526
)
(8,258
)
(201
)
(5,858
)
Income tax benefit
(3
)
(3
)
(5
)
(6
)
Net loss
(1,523
)
(8,255
)
(196
)
(5,852
)
Redeemable preferred unit distributions and accretion
(1,101
)
(1,030
)
(2,204
)
(1,790
)
Net loss available to partners
(2,624
)
$
(9,285
)
$
(2,400
)
$
(7,642
)
Net income (loss) available to partners allocated to:
General partner
(22
)
$
(4
)
$
(20
)
$
12
Limited partners - BUCs
(2,643
)
(9,357
)
(2,463
)
(7,788
)
Limited partners - Restricted units
41
76
83
134
Net loss available to partners
(2,624
)
$
(9,285
)
$
(2,400
)
$
(7,642
)
© 2026 Greystone & Co. II LLC
17
Supplemental Financial Report for the Quarter Ended June 30, 2026
Cash Available for Distribution (1)
(Dollar amounts in thousands, except per BUC information)
Q2 2026
Q2 2025
YTD 2026
YTD 2025
Net loss
$
(1,523
)
$
(8,255
)
$
(196
)
$
(5,852
)
Unrealized (gains) losses on derivatives, net
(1,866
)
2,143
(3,411
)
6,026
Depreciation and amortization
3,273
3
6,019
6
Provision for credit losses
(373
)
9,053
(2,450
)
8,881
Reversal of gain on deed in lieu of foreclosures
(23
)
-
(2,242
)
-
Amortization of deferred financing costs
431
387
920
769
Restricted unit compensation expense
398
505
792
739
Deferred income taxes
(1
)
(1
)
-
-
Redeemable Preferred Unit distributions and accretion
(1,102
)
(1,030
)
(2,203
)
(1,790
)
Tier 2 Income allocable to the General Partner
(4
)
(93
)
(4
)
(93
)
Recovery of prior credit loss
(12
)
79
(23
)
62
Bond premium, discount and amortization, net of cash received
56
238
155
263
(Earnings) losses from investments in unconsolidated entities
3,181
2,217
8,129
3,210
Total Cash Available for Distribution
$
2,435
$
5,246
$
5,486
$
12,221
Weighted average number of BUCs outstanding, basic
23,266,619
23,171,226
23,266,619
23,171,226
Net loss per BUC, basic
$
(0.11
)
$
(0.40
)
$
(0.11
)
$
(0.34
)
Total CAD per BUC, basic
$
0.10
$
0.23
$
0.24
$
0.53
Cash Distributions declared, per BUC
$
0.14
$
0.30
$
0.28
$
0.67
(1)
See the Important Disclosure Notices in the Appendices for important information regarding non-GAAP measures.
© 2026 Greystone & Co. II LLC
18
Supplemental Financial Report for the Quarter Ended June 30, 2026
Balance Sheet Summary
(Dollar amounts in thousands, except per BUC information)
12/31/2023
12/31/2024
12/31/2025
3/31/2026
6/30/2026
Assets:
Cash
$
37,918
$
14,703
$
39,502
$
20,628
$
30,913
Restricted cash
9,816
16,603
15,384
11,781
10,595
Interest receivable
8,266
7,446
7,277
7,024
6,530
Mortgage revenue bonds, at fair value
930,676
1,026,484
1,007,904
889,693
890,981
Governmental issuer loans, net
221,653
225,164
138,149
138,194
36,500
Property loans, net
120,508
55,135
50,122
50,142
52,465
Investments in unconsolidated entities
136,653
179,410
146,300
154,347
156,347
Real estate assets, net
4,716
4,906
3,623
111,574
110,976
Other assets
43,195
49,849
94,627
103,600
91,330
Total assets
$
1,513,401
$
1,579,700
$
1,502,888
$
1,486,983
$
1,386,637
Liabilities
Accounts payable, accrued expenses and other liabilities
$
22,958
$
23,481
$
21,134
$
18,185
$
15,429
Distribution payable
8,584
8,997
5,947
3,332
3,336
Secured lines of credit
33,400
68,852
80,850
89,950
95,800
Debt financing, net
1,015,030
1,093,273
1,015,095
923,705
822,458
Mortgages payable, net
1,690
1,664
232
83,284
83,419
Total liabilities
1,081,662
1,196,267
1,123,258
1,118,456
1,020,442
Redeemable preferred units
82,432
77,406
102,411
102,417
102,423
Partners' capital
349,307
306,027
277,219
266,110
263,772
Total liabilities and partners' capital
$
1,513,401
$
1,579,700
$
1,502,888
$
1,486,983
$
1,386,637
Net book value per BUC(1)
$
15.17
$
13.15
$
11.77
$
11.30
$
11.20
(1)
Based on total BUCs and unvested restricted unit awards outstanding as of each date presented.
© 2026 Greystone & Co. II LLC
19
Supplemental Financial Report for the Quarter Ended June 30, 2026
Important Disclosure Notices
Forward-Looking Statements
All statements in this document other than statements of historical facts, including statements regarding our future results of operations and financial position, business strategy and plans and objectives of management for future operations, are forward-looking statements. When used, statements which are not historical in nature, including those containing words such as “anticipate,” “estimate,” “should,” “expect,” “believe,” “intend,” and similar expressions, are intended to identify forward-looking statements. We have based forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. This document may also contain estimates and other statistical data made by independent parties and by us relating to market size and growth and other industry data. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. We have not independently verified the statistical and other industry data generated by independent parties contained in this supplement and, accordingly, we cannot guarantee their accuracy or completeness. In addition, projections, assumptions and estimates of our future performance and the future performance of the industries in which we operate are necessarily subject to a high degree of uncertainty and risk due to a variety of factors, including those described under the headings “Item 1A Risk Factors” in our 2025 Annual Report on Form 10-K for the year ended December 31, 2025. These forward-looking statements are subject to various risks and uncertainties and Greystone Housing Impact Investors LP (the “Partnership”) expressly disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Most, but not all, of the selected financial information furnished herein is derived from the Greystone Housing Impact Investors LP’s consolidated financial statements and related notes prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”) and management’s discussion and analysis of financial condition and results of operations included in the Partnership’s reports on Forms 10-K and 10-Q. The Partnership’s annual consolidated financial statements were subject to an independent audit dated March 16, 2026.
Disclosure Regarding Non-GAAP Measures
This document refers to certain financial measures that are identified as non-GAAP. We believe these non-GAAP measures are helpful to investors because they are the key information used by management to analyze our operations. This supplemental information should not be considered in isolation or as a substitute for the related GAAP measures.
Please see the consolidated financial statements we filed with the Securities and Exchange Commission on Forms 10-K and 10-Q. Our GAAP consolidated financial statements can be located upon searching for the Partnership’s filings at www.sec.gov.
© 2026 Greystone & Co. II LLC
20
Supplemental Financial Report for the Quarter Ended June 30, 2026
Other Partnership Information
Corporate Office:
Transfer Agent:
14301 FNB Parkway
Equiniti Trust Company, LLC
Suite 211
28 Liberty Street, Floor 53
Omaha, NE 68154
New York, NY 10005
Phone:
402-952-1235
HelpAST@equiniti.com
Investor & K-1 Services:
855-428-2951
Phone: 718-921-8124
Web Site:
www.ghiinvestors.com
800-937-5449
K-1 Services Email:
ghiK1s@greyco.com
Ticker Symbol (NYSE):
GHI
Corporate Counsel:
Independent Accountants:
Barnes & Thornburg LLP
Grant Thornton
11 S. Meridian Street
2001 Market Street Suite 800
Indianapolis, IN 46204
Philadelphia, PA 19103
Board of Managers of Greystone AF Manager LLC:
(acting as the directors of Greystone Housing Impact Investors LP)
Stephen Rosenberg
Chairman of the Board
Jeffrey M. Baevsky
Manager
Drew C. Fletcher
Manager
Steven C. Lilly
Manager
W. Kimball Griffith
Manager
Deborah A. Wilson
Manager
Robert K. Jacobsen
Manager
Alfonso Costa Jr.
Manager
Corporate Officers:
Kenneth C. Rogozinski
Chief Executive Officer
Eric R. Nielsen
Interim Chief Financial Officer
© 2026 Greystone & Co. II LLC
21
GRAPHIC
GRAPHIC
Filename: img133059646_0.jpg · Sequence: 4
Binary file (18760 bytes)
Download img133059646_0.jpg
GRAPHIC
GRAPHIC
Filename: img133059646_1.gif · Sequence: 5
Binary file (7967 bytes)
Download img133059646_1.gif
GRAPHIC
GRAPHIC
Filename: img133059646_2.jpg · Sequence: 6
Binary file (18760 bytes)
Download img133059646_2.jpg
GRAPHIC
GRAPHIC
Filename: img133059646_3.jpg · Sequence: 7
Binary file (654 bytes)
Download img133059646_3.jpg
GRAPHIC
GRAPHIC
Filename: img133059646_4.jpg · Sequence: 8
Binary file (340905 bytes)
Download img133059646_4.jpg
GRAPHIC
GRAPHIC
Filename: img133059646_5.jpg · Sequence: 9
Binary file (283798 bytes)
Download img133059646_5.jpg
GRAPHIC
GRAPHIC
Filename: img133059646_6.jpg · Sequence: 10
Binary file (398876 bytes)
Download img133059646_6.jpg
GRAPHIC
GRAPHIC
Filename: img133059646_7.jpg · Sequence: 11
Binary file (373921 bytes)
Download img133059646_7.jpg
GRAPHIC
GRAPHIC
Filename: img133059646_8.jpg · Sequence: 12
Binary file (336530 bytes)
Download img133059646_8.jpg
GRAPHIC
GRAPHIC
Filename: img133059646_9.jpg · Sequence: 13
Binary file (181432 bytes)
Download img133059646_9.jpg
GRAPHIC
GRAPHIC
Filename: img133059646_10.jpg · Sequence: 14
Binary file (265104 bytes)
Download img133059646_10.jpg
XML — IDEA: XBRL DOCUMENT
XML
Filename: R1.htm · Sequence: 17
v3.26.1
Document And Entity Information
Aug. 10, 2026
Cover [Abstract]
Document Type
8-K
Amendment Flag
false
Document Period End Date
Aug. 10, 2026
Entity Registrant Name
Greystone Housing Impact Investors LP
Entity Central Index Key
0001059142
Entity Emerging Growth Company
false
Entity File Number
001-41564
Entity Incorporation, State or Country Code
DE
Entity Tax Identification Number
47-0810385
Entity Address, Address Line One
14301 FNB Parkway, Suite 211
Entity Address, City or Town
Omaha
Entity Address, State or Province
NE
Entity Address, Postal Zip Code
68154
City Area Code
402
Local Phone Number
952-1235
Entity Information, Former Legal or Registered Name
Not Applicable
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Beneficial Unit Certificates representing assignments of limited partnership interests in Greystone Housing Impact Investors LP
Trading Symbol
GHI
Security Exchange Name
NYSE
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Cover page.
+ References
No definition available.
+ Details
Name:
dei_CoverAbstract
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Former Legal or Registered Name of an entity
+ References
No definition available.
+ Details
Name:
dei_EntityInformationFormerLegalOrRegisteredName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration