Greystone Housing Files 8-K on Material Definitive Agreement

TL;DR

**Greystone Housing just signed a big deal; details pending but it's a material event.**

AI Summary

Greystone Housing Impact Investors LP filed an 8-K on February 6, 2024, reporting an "Entry into a Material Definitive Agreement" and "Other Events" as of February 2, 2024. This filing indicates a significant new agreement has been made, which could impact the company's financial position or operational strategy. Investors should pay close attention to the details of this agreement, as it could signal future growth opportunities or potential risks for the company's stock.

Why It Matters

This filing signals a new, important agreement for Greystone Housing Impact Investors LP, which could significantly affect its future earnings and operational stability. Investors need to understand the nature of this agreement to assess its impact on the company's valuation.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement without providing specific details, creating uncertainty about its potential positive or negative impact.

Analyst Insight

A smart investor would monitor Greystone Housing Impact Investors LP for subsequent filings or press releases that provide specific details about the 'Material Definitive Agreement' to assess its financial implications before making investment decisions.

Key Players & Entities

• Greystone Housing Impact Investors LP (company) — the registrant filing the 8-K
• February 2, 2024 (date) — date of the earliest event reported
• February 6, 2024 (date) — date the 8-K was filed

Forward-Looking Statements

• Greystone Housing Impact Investors LP will provide more details about the 'Material Definitive Agreement' in a subsequent filing or press release. (Greystone Housing Impact Investors LP) — high confidence, target: Q1 2024

FAQ

Key Financial Figures

• $5,000,000 — tal Bank (the "Investor"), resulting in $5,000,000 in aggregate proceeds to the Partnershi

Filing Documents

• ghi-20240202.htm (8-K) — 49KB
• ghi-ex99_1.htm (EX-99.1) — 12KB
• 0000950170-24-011557.txt ( ) — 184KB
• ghi-20240202.xsd (EX-101.SCH) — 28KB
• ghi-20240202_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On February 2, 2024, Greystone Housing Impact Investors LP (the "Partnership") issued, under its existing "shelf" registration statement on Form S-3 (Reg. No. 333-259207), 500,000 Series B Preferred Units representing limited partnership interests in the Partnership (the "Series B Preferred Units") to Texas Capital Community Development Corporation, which is an affiliate of Texas Capital Bank (the "Investor"), resulting in $5,000,000 in aggregate proceeds to the Partnership. The issuance of the Series B Preferred Units was effected pursuant to a subscription agreement entered into between the Partnership and the Investor dated as of February 2, 2024 (the "Subscription Agreement"). The Partnership will use the proceeds received under the Subscription Agreement to acquire mortgage revenue bonds that are issued by state and local housing authorities to provide construction and/or permanent financing for affordable multifamily, student housing, senior citizen and commercial properties. In addition, the Partnership will use the proceeds to acquire other allowable investments as provided for in the Partnership's Second Amended and Restated Agreement of Limited Partnership dated as of December 5, 2022, as amended. For a description of the preferences, rights, restrictions, and limitations of the Series B Preferred Units, please see the section captioned "Description of the Series B Preferred Units" set forth in the prospectus dated June 16, 2023 filed with the Securities and Exchange Commission, which is made a part of the Partnership's Form S-3 (Reg. No. 333-259207). The Subscription Agreement contains customary representations and warranties made by the Investor with respect to matters such as investor information, investment intent, liquidity, no governmental approvals, availability of information, independent evaluation of the investment, sophistication of investor, no public market for securities, organizatio

01 Other Events

Item 8.01 Other Events. On February 6, 2024, the Partnership issued a press release announcing the closing of the transaction described in this report, a copy of which is attached hereto as Exhibit 99.1 and incorporated by reference herein.

Forward-Looking Statements

Forward-Looking Statements Certain statements in this report 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, on business operations, employment, and financial conditions; current financial conditions within the banking industry, including the effects of recent failures of financial institutions, liquidity levels, and responses by the Federal Reserve, Department of the Treasury, and the Federal Deposit Insurance Corporation to address these issues; uncertain conditions within the domestic and international macroeconomic environment, including monetary and fiscal policy and conditions in the investment, credit,

01 Financial Statements and Exhibits

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 February 6, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

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: February 6, 2024 By: /s/ Jesse A. Coury Printed: Jesse A. Coury Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR