M&A
confidence high
sentiment positive
materiality 0.75
Greystone Housing Impact Investors LP and BlackRock Impact Opportunities form joint venture for affordable housing loans
Greystone Housing Impact Investors LP
- Joint Venture aims to provide approximately $500 million in gross financing for affordable multifamily housing in underserved communities.
- Greystone subsidiary will serve as managing member, responsible for underwriting and closing investments subject to BIO's approval.
- The Partnership has experience in construction loans for properties qualifying for permanent agency financing like Freddie Mac's TEL program.
- The US has a shortage of 7.3 million affordable housing units for extremely low-income renters, per National Low Income Housing Coalition.