Greystone Housing Impact Investors LP Enters Material Agreement

TL;DR

Greystone Housing Impact Investors LP just signed a big deal, filing an 8-K for a material definitive agreement.

AI Summary

On November 22, 2024, Greystone Housing Impact Investors LP entered into a material definitive agreement. This agreement involves a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing also includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates a significant new financial commitment or arrangement for Greystone Housing Impact Investors LP, which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and new financial obligations can introduce financial risks and operational changes for a company.

Key Players & Entities

• Greystone Housing Impact Investors LP (company) — Registrant
• November 22, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• 47-0810385 (identifier) — IRS Employer Identification No.
• 14301 FNB Parkway, Suite (address) — Business Address

FAQ

Key Financial Figures

• $23.7 million — tes, the Partnership paid approximately $23.7 million to the trustee of the TEBS Residual Fin
• $8.6 million — ancing Facility, of which approximately $8.6 million was released as a principal repayment t
• $15.1 million — lass B-1 Certificates and approximately $15.1 million was retained by the Trustee at the dire
• $75.4 million — ustodial receipts with a total value of $75.4 million into a different securitization transac
• $14.8 million — Residual Receipts with a total value of $14.8 million. On November 22, 2024, the Partnershi

Filing Documents

• ghi-20241122.htm (8-K) — 59KB
• ghi-ex10_1.htm (EX-10.1) — 196KB
• ghi-ex10_2.htm (EX-10.2) — 680KB
• 0000950170-24-131532.txt ( ) — 1157KB
• ghi-20241122.xsd (EX-101.SCH) — 28KB
• ghi-20241122_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. TEBS Residual Financing Amendment On November 22, 2024, Greystone Housing Impact Investors LP (the "Partnership"), entered into various agreements to amend the existing long-term financing facility (the "TEBS Residual Financing Facility") for the securitization of the Partnership's residual interests ("Class B Certificates") in multiple Tax Exempt Bond Securitizations pursuant to Freddie Mac's Tax-Exempt Bond Securitization program (the "TEBS Financing(s)"). The Wisconsin Public Financing Authority (the "Issuer") and Wilmington Trust, National Association (the "Trustee") previously created the TEBS Residual Financing Facility, with the Partnership designated as the sponsor. The Issuer previously issued Class B-1 Affordable Housing Multifamily Certificates ("Class B-1 Certificates") and residual Class B-2 Affordable Multifamily Certificates ("Class B-2 Certificates") representing beneficial interests in the Class B Certificates. The Class B-1 Certificates are held by unaffiliated investors and the Class B-2 Certificates were retained by the Partnership. The Class B-1 Certificates are considered a secured financing of the Partnership. On October 15, 2024, the Partnership and its affiliate, ATAX TEBS II, LLC (the "Seller"), redeemed all principal and accrued interest outstanding of the Class B Certificates related to the M31 TEBS Financing. Upon redemption of the M31 Class B Certificates, the Partnership paid approximately $23.7 million to the trustee of the TEBS Residual Financing Facility, of which approximately $8.6 million was released as a principal repayment to the holders of the Class B-1 Certificates and approximately $15.1 million was retained by the Trustee at the direction of the holders of the Class B-1 Certificates. On October 31, 2024, the Seller deposited 14 mortgage revenue bonds (the "Underlying Bonds") into a custody arrangement with Wilmington Trust, National Association (the "Custodial T

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 10.1 Exchange Agreement dated November 22, 2024 between Greystone Housing Impact Investors LP, ATAX TEBS II, LLC and Public Finance Authority. 10.2 Amended and Restated Trust Agreement dated November 22, 2024 between Public Finance Authority and Wilmington Trust, National Association. 10.3 Portfolio Purchase Agreement dated November 1, 2023 between Greystone Housing Impact Investors LP and Public Finance Authority (incorporated herein by reference to Exhibit 10.1 to Form 8-K (No. 001-41564), filed by the Partnership on November 6, 2023). 10.4 Administration Agreement dated November 1, 2023 by and among Wilmington Trust, National Association, Public Finance Authority, and Greystone Housing Impact Investors LP (incorporated herein by reference to Exhibit 10.3 to Form 8-K (No. 001-41564), filed by the Partnership on November 6, 2023). 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: November 27, 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