Greystone Housing Impact Investors LP issues $20M Series B Preferred Units

Greystone Housing Impact Investors LP

Issued 2,000,000 Series B Preferred Units to PNC Community Development for $20M aggregate proceeds.
Proceeds to fund acquisition of mortgage revenue bonds for affordable housing and other qualifying investments.
Preferred units are non-cumulative, non-convertible, non-voting; earliest redemption date March 2031.
Existing institutional investor has now invested $70M total in the Partnership via preferred units.
CEO cites low-cost, fixed-rate, non-dilutive capital to bolster liquidity despite elevated interest rates.

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