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Alfonso Costa Jr. to Join Greystone AF Manager LLC Board of Managers

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OMAHA, Nebraska, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI)...

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AI Summary

Greystone Housing Impact Investors LP appointed Alfonso Costa Jr. to its Board, aiming to leverage his extensive background in affordable housing. His expertise could enhance GHI's investment strategy in multifamily properties and drive growth, making it a pivotal addition amidst expanding opportunities in affordable housing.

Sentiment Rationale

The appointment of an experienced executive suggests stronger strategic execution and potential revenue growth, similar to previous instances where skilled leaders turned around company fortunes, such as during the affordable housing boom post-2008 financial crisis.

Trading Thesis

GHI is a buy as Costa's appointment may strengthen investment strategies in affordable housing.

Market-Moving

  • Increased investments in affordable housing could lead to revenue growth for GHI.
  • Costa's connections in the real estate sector may open new partnership opportunities.
  • Potential expansion of GHI's portfolio may improve market perception and investor confidence.

Key Facts

  • Alfonso Costa Jr. joins GHI's Board of Managers.
  • Costa's expertise in affordable housing is expected to enhance GHI's strategies.
  • He previously worked with HUD on a $70 billion annual budget for housing.
  • GHI aims to boost investments in affordable multifamily and seniors housing.
  • Costa does not meet NYSE independence standards due to advisory ties.

Companies Mentioned

  • Falcone Group (N/A): Costa was COO, overseeing multifamily developments.
  • HUD (N/A): Costa contributed significantly to housing policy strategies.
  • Urban Land Institute (N/A): Costa serves on boards, impacting affordable housing advocacy.

Corporate Developments

This news fits under 'Corporate Developments' as it involves a Board appointment that can significantly influence GHI's strategy and market position. The emphasis on affordable housing aligns with current trends seeking to address housing shortages.

Alfonso Costa Jr. Appointed to Greystone AF Manager LLC Board

OMAHA, Nebraska, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI) announced today that Alfonso Costa Jr. has joined the Board of Managers of Greystone AF Manager LLC, effective January 15, 2026. As a board member, Mr. Costa will play a crucial role in guiding the Partnership’s strategic initiatives and investments.

Significance of the Appointment

Ken Rogozinski, CEO of Greystone, expressed enthusiasm about Mr. Costa’s arrival: “We’re pleased to welcome Mr. Costa as a new member of the Board of Managers. His extensive background and expertise in residential real estate, specifically in affordable housing, will be a significant asset to the Partnership as we expand our investments in affordable multifamily and seniors housing.”

Alfonso Costa Jr.’s Background

Mr. Costa brings a wealth of experience from his role as Chief Operating Officer at the Falcone Group, a leading real estate development firm in the U.S. His responsibilities included:

  • Overseeing development of multifamily apartments and condo-hotels
  • Leading public-private partnerships
  • Executing strategic initiatives within the firm

Between 2018 and 2020, Mr. Costa served in the U.S. Department of Housing and Urban Development (HUD) as Deputy Chief of Staff and lead for Opportunity Zones. He managed policy for a Cabinet agency with a $70 billion annual budget, overseeing a variety of housing and community development programs.

Leadership Contributions and Affiliations

Mr. Costa has held significant leadership roles, including:

  • Advisory Board Member of the ULI Terwilliger Center for Housing
  • Board Director for the Home Builders Institute (HBI)
  • Board Director for the Urban League of Broward County
  • Chair of the Housing Affordability Committee for ULI Southeast Florida/Caribbean District
  • Former Chair of the Nova Southeastern University MSRED Program

Educational Credentials

Mr. Costa’s educational background includes prestigious institutions:

  • Law Degree from Harvard University
  • Master’s Degree from the University of Oxford
  • Bachelor’s Degree from Yale University

Despite his extensive qualifications, due to an advisory relationship with an affiliated entity of Greystone Manager, the board has determined that Mr. Costa does not meet the independence standards established by the New York Stock Exchange.

About Greystone Housing Impact Investors LP

Founded in 1998, Greystone Housing Impact Investors LP operates under the Delaware Revised Uniform Limited Partnership Act, dedicated to acquiring and managing a portfolio of mortgage revenue bonds. These bonds finance affordable multifamily, seniors, and student housing properties. The Partnership aims to leverage these investments to achieve sustainable growth, believing the interest earned is largely excludable from gross income for federal tax purposes.

For more information on Greystone Housing Impact Investors LP, including press releases and updates, visit www.ghiinvestors.com.

Forward-Looking Statements

This announcement contains “forward-looking statements” concerning expectations and forecasts that involve risks and uncertainties. Readers are cautioned to consider these factors carefully while evaluating the statements made herein. For a list of these risks, please refer to the Partnership's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

Media and Investor Contacts

For media inquiries, please contact:

Fran Del Valle
Greystone
917-922-5653
fran@influencecentral.com

For investor relations, please contact:

Andy Grier
Senior Vice President
402-952-1235

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