Investment 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, and GHI closed the first two transactions in this JV in the fourth quarter.
Operational StabilitySix of the JV projects have completed the construction phase and have stabilized operations, of which three have occupancy of 90%+.