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 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.
Greystone Housing Impact Investors LP disclosed that several South Carolina subsidiaries entered into a new Loan Agreement of up to $84,000,000 with BankUnited, N.A. On closing, the borrower issued an initial Note for $42,000,000, and those proceeds were used to acquire two rehabilitated affordable multifamily properties in Greenville and Spartanburg, South Carolina that the partnership previously held as bond collateral and then obtained via deed in lieu of foreclosure.
The facility matures on December 31, 2027, carries a floating rate of one‑month Term SOFR plus 2.75%, and may be extended one year subject to fees and performance tests. It is secured by mortgages and related collateral on the acquired properties and any future post‑closing properties, and requires full interest‑rate hedging via swap agreements.
Greystone Housing Impact Investors LP provided an absolute and unconditional guaranty of the borrower’s obligations, with covenants to maintain at least $6,250,000 in liquid assets (or $7,500,000 if requested under an existing line of credit) and net worth of at least $200,000,000. Affiliate Greystone Select Incorporated added a separate guaranty of $8,400,000, subject to financial covenants on liquidity, net worth, and leverage.
Greystone Housing Impact Investors LP declared a regular quarterly cash distribution of $0.25 per Beneficial Unit Certificate (BUC) for its unitholders. The distribution was approved by the Board of Managers of Greystone AF Manager LLC, which is the general partner of the Partnership’s general partner.
The cash distribution will be paid on January 30, 2026 to BUC holders of record as of the close of trading on December 31, 2025, and the BUCs will trade ex-distribution as of that date. The Partnership also issued a press release with further details, included as Exhibit 99.1.
Greystone Housing Impact Investors LP reported that, effective December 11, 2025, it terminated its Amended and Restated Capital on DemandTM Sales Agreement with JonesTrading Institutional Services LLC and BTIG, LLC. This agreement had allowed the partnership to sell, from time to time, beneficial unit certificates representing limited partnership interests with an aggregate offering price of up to $50,000,000 through an at-the-market offering program. The partnership was not required to sell any units under this arrangement and paid the agents a 2.0% commission on any BUCs sold. The termination ends this specific at-the-market equity sales channel for the partnership.
Greystone Housing Impact Investors LP director reported a routine change in ownership of the company’s unit certificates. On 11/30/2025, the reporting person disposed of 1,335 unit certificates in a transaction coded "F" at a price of $7.06 per unit, which typically indicates units used to cover tax obligations related to equity awards. Following this transaction, the reporting person directly beneficially owned 18,468 unit certificates of Greystone Housing Impact Investors LP.
Greystone Housing Impact Investors LP (GHI) reported that its Audit Committee and senior management have changed the partnership’s independent registered public accounting firm, dismissing PricewaterhouseCoopers LLP (PwC) and engaging Grant Thornton LLP, effective November 17, 2025.
The change follows PwC’s non-audit team advising an affiliate, Greystone Select Incorporated, that certain additional non-audit services it requested would be impermissible under SEC independence rules. To avoid any potential impact on auditor independence and in appreciation of these rules, the partnership elected to switch to Grant Thornton.
The partnership states there were no disagreements with PwC on accounting principles, financial statement disclosure, or audit scope, and no reportable events for the fiscal years ended December 31, 2024 and 2023 and the subsequent interim period. PwC’s audit reports for those years were unmodified, and PwC had served as auditor since 2016. Grant Thornton has been engaged for the fiscal year ending December 31, 2025.
Greystone Housing Impact Investors LP (GHI) director Jeffrey M. Baevsky reported open-market purchases of the partnership’s beneficial unit certificates. On 10/29/2025, he bought 2,285 units at a price of $8.67 per unit, and on 11/03/2025 he bought an additional 300 units at $8.30 per unit. After these transactions, he directly beneficially owned 24,400 units of Greystone Housing Impact Investors LP.
Greystone Housing Impact Investors LP reported a return to profitability in the quarter ended September 30, 2025. Net income was $1.97 million, compared with a net loss of $4.64 million a year earlier, as derivative results improved and expenses were lower. Net income available to partners was $0.94 million, and BUC holders earned $0.03 per unit versus a loss of $0.23 per unit last year.
For the first nine months of 2025, total revenues were $70.4 million, slightly above the prior year, but the Partnership recorded a net loss of $1.78 million versus net income of $11.19 million in 2024, mainly due to a $9.41 million provision for credit losses and higher net derivative losses. Total assets were $1.49 billion and partners’ capital was $291.4 million as of September 30, 2025. Operating cash flow strengthened to $28.9 million. In addition, the Partnership referenced a new Form S-3 shelf registration filed in October 2025 that, once effective, will permit issuance of up to $200.0 million of BUCs, preferred units, and debt securities.