Greystone Secures $5M for Housing Projects with Texas Capital

Greystone Housing Impact Investors (GHI) has released an update to notify the public and investors about an entry into a material definitive agreement.

Greystone Housing Impact Investors LP successfully raised $5 million by issuing 500,000 Series B Preferred Units to Texas Capital Community Development Corporation. These funds are earmarked for the acquisition of mortgage revenue bonds to finance various housing and commercial projects. The transaction was based on a subscription agreement, with the proceeds also slated for other approved investments as per the Partnership’s amended agreement. Details on the preferred units’ characteristics can be found in the prospectus filed with the SEC.

For further insights into GHI stock, check out TipRanks’ Stock Analysis page.

For a comprehensive understanding of the announcement, you can read the full document here.