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Greystone Housing Impact made $3.2 million last quarter and plans to shift its investment strategy.

ResultsRead the original at Benzinga
Good for GHI

GHI plans to move money from property partnerships into tax-exempt mortgage bonds, which it expects to bring steadier income. The shift is not complete, and partnership returns can be uneven, but sale proceeds and available credit support the change.

GHI · Greystone Housing Impact Investors LP

AI read · Good for GHI

The AI's read

Moving money from property partnerships into tax-exempt mortgage bonds could bring GHI steadier income and more income free of federal taxes. Cash from a property sale and available credit support the change. The shift is still underway, and property partnership returns can be uneven. The expected benefits are not yet reported results, but the planned change and available funds make the news favorable for GHI.

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