Overview

• Greystone Affordable Housing Fund I LP will finance 11 developments in Louisiana, Massachusetts, Mississippi, New Jersey, Ohio and Pennsylvania.
• Seven institutional investors from the financial and insurance sectors committed capital to the fund.
• Projects are projected to generate about 1,100 jobs, $132 million in wages and business revenue, and $49 million in tax revenue, according to NAHB estimates.
• The fund builds on a LIHTC platform launched about 18 months ago and complements recent activity such as a $90 million Fannie Mae refinancing of a 317‑unit affordable property in Yonkers, N.Y.
• LIHTC fundraising momentum includes recent closings by Walker & Dunlop ($240 million) and PNC ($208 million), with policy changes beginning next year and in 2026 expected to broaden project eligibility and allocations.