XML 68 R57.htm IDEA: XBRL DOCUMENT
v3.23.2

Subsequent Events (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Subsequent Event [Line Items] |
Summary of Partnership's Derivative Instruments | In July 2023, the Partnership entered into an additional interest rate swap agreement to mitigate interest rate risk associated with its variable rate TOB trust financings. The following table summarizes the terms of the interest rate swap agreement:
Trade Date |  | Notional Amount |  |  | Effective Date |  | Termination Date |  | Fixed Rate Paid |  | Variable Rate Index Received |  | Variable Debt Financing Hedged |  | Counterparty
July 2023 |  | $ | 6,240,000 |  |  | 8/1/2023 |  | 6/1/2030 |  | 3.645% |  | Compounded SOFR |  | TOB Trusts |  | Mizuho Capital Markets
Summary of Initial Terms of TOB Trust Financings | In July 2023, the Partnership entered into a new TOB trust financing arrangement with Mizuho. A portion of the proceeds were used to repay the outstanding balance on the Partnership’s Acquisition LOC. The following table summarizes the initial terms of the TOB trust financing:
TOB Trusts Securitization |  | TOB Trust Financing |  |  | Stated Maturity |  | Interest Rate Type |  | Tax-Exempt Interest on Senior Securities |  | Remarketing Senior Securities Rate |  | Facility Fees |  | Interest Rate
40rty on Colony - Series P MRB |  | $ | 4,465,000 |  |  | July 2026 |  | Variable |  | Yes |  | 3.31% |  | 1.44% |  | 4.75%
Schedule of terms of partnership's MRB investments | The following table summarizes the terms of the Ocotillo Springs MRB after conversion:
Mortgage Revenue Bond Name |  | Month Acquired |  | Property Location |  | Units |  | Maturity Date |  | Fixed Interest Rate |  | Principal Acquired |
Ocotillo Springs - Series A |  | July 2023 |  | Brawley, CA |  | 75 |  | 8/1/2038 |  | 4.35% |  | $ | 3,500,000 |
Ocotillo Springs - Series A-1 |  | July 2023 |  | Brawley, CA |  | 75 |  | 8/1/2038 |  | 6.50% |  |  | 500,000 |
|  |  |  |  |  |  |  |  |  |  |  | $ | 4,000,000 |
Summary of Debt Financing Principal Payments made with the Redemption of the Ocotillo Springs taxable MRB | The following is a summary of the debt financing principal payments made in connection with the redemption or sale of underlying assets during the six months ended June 30, 2023:
Debt Financing |  | Debt Facility |  | Month |  | Paydown Applied |
Greens of Pine Glen |  | M31 TEBS |  | February 2023 |  | $ | 7,579,000 |
Oasis at Twin Lakes GIL |  | TOB Trust |  | June 2023 |  |  | 30,600,000 |
Trust 2021-XF2926 - Oasis at Twin Lakes property loan |  | TOB Trust |  | June 2023 |  |  | 21,600,000 |
|  |  |  |  |  | $ | 59,779,000 |
during the six months ended June 30, 2022:
Debt Financing |  | Debt Facility |  | Month |  | Paydown Applied |
Live 929 Apartments - 2014 Series A |  | TOB Trust |  | January 2022 |  | $ | 31,565,000 |
Ohio Properties - Series A |  | M24 TEBS |  | March 2022 |  |  | 13,544,000 |
Bridle Ridge |  | M24 TEBS |  | April 2022 |  |  | 7,100,000 |
Gateway Village |  | TOB Trust |  | May 2022 |  |  | 2,183,000 |
Lynnhaven Apartments |  | TOB Trust |  | May 2022 |  |  | 2,896,000 |
|  |  |  |  |  | $ | 57,288,000 |
MRB [Member] |
Subsequent Event [Line Items] |
Summary of Debt Financing Principal Payments made with the Redemption of the Ocotillo Springs taxable MRB | The following is a summary of the debt financing principal payments made in connection with the redemption of the Ocotillo Springs taxable MRB and the conversion of the Ocotillo Springs MRB to permanent financing:
Debt Financing |  | Debt Facility |  | Month |  | Paydown Applied |
Ocotillo Springs - Series A |  | Variable TOB |  | July 2023 |  | $ | 10,535,000 |
Trust 2021-XF2939 |  | Variable TOB |  | July 2023 |  |  | 5,770,000 |
|  |  |  |  |  | $ | 16,305,000 |

X
- Definition Schedule of terms of partnership mortgage revenue bonds and taxable mortgage revenue bonds investments + References No definition available. + Details
Name: | ghi_ScheduleOfTermsOfPartnershipMortgageRevenueBondsAndTaxableMortgageRevenueBondsInvestmentsTableTextBlock
Namespace Prefix: | ghi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of initial terms of TOB trusts financing. + References No definition available. + Details
Name: | ghi_SummaryOfInitialTermOfTOBTrustsFinancingTableTextBlock
Namespace Prefix: | ghi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of debt instruments or arrangements with redemption features. Includes, but is not limited to, description of debt redemption features, percentage price at which debt can be redeemed by the issuer, and period start and end for debt maturity or redemption. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentRedemptionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. + References No definition available. + Details
Name: | us-gaap_SubsequentEventLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_InvestmentTypeAxis=ghi_MortgageRevenueBondMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |