Greystone Housing Impact Investors LP announced the formation of a joint venture with BlackRock Impact Opportunities (BIO), to invest in loans that will finance the construction and/or rehabilitation of affordable multifamily housing properties across the United States.
The joint venture aims to assist in addressing this deficiency by providing construction financing solutions that increase the supply of affordable multifamily housing units nationwide. The joint venture will seek to make available approximately $500 million of gross financing for properties in undercapitalized communities.
“We are pleased to partner with BlackRock Impact Opportunities to scale and expand our construction loan investments portfolio,” said Kenneth C. Rogozinski, CEO of the partnership. “The strategy and objectives of BlackRock Impact Opportunities are closely aligned with those of the partnership, and we believe that together we can deploy capital to increase the availability of af
