Debt ManagementVariable-rate financing on fixed-rate assets represents only 2% of total debt, which is the result of swap agreements that essentially convert $417M of variable-rate debt to fixed rate.
Investment And Lending EnvironmentDemand for affordable housing remains strong and, given its strong credit performance, GHI is well-positioned to take advantage of an attractive investment and lending environment.
Joint VenturesThe company recently entered into a new joint venture with BlackRock to provide construction financing on new LIHTC projects.