XML 52 R45.htm IDEA: XBRL DOCUMENT
v3.25.2

Allowance for Credit Losses (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Financing Receivable, Allowance for Credit Loss [Line Items] |
Summary of Changes in Partnership's Allowance for Credit Losses | The following table summarizes the changes in the Partnership’s allowance for credit losses for the three and six months ended June 30, 2025:
|  | For the Three Months Ended June 30, 2025 |
|  | Governmental Issuer Loans |  |  | Taxable Governmental Issuer Loans |  |  | Property Loans |  |  | Unfunded Commitments |  |  | Total |
Balance, beginning of period |  | $ | 941,000 |  |  | $ | 141,000 |  |  | $ | 1,858,000 |  |  | $ | 118,000 |  |  | $ | 3,058,000 |
Current provision for credit losses (1) |  |  | (245,000 | ) |  |  | 71,000 |  |  |  | 607,734 |  |  |  | (88,000 | ) |  |  | 345,734 |
Balance, end of period |  | $ | 696,000 |  |  | $ | 212,000 |  |  | $ | 2,465,734 |  |  | $ | 30,000 |  |  | $ | 3,403,734 |
(1) The current provision for credit losses includes an asset-specific allowance of approximately $624,000 related to the Opportunity South Carolina property loan.
|  | For the Six Months ended June 30, 2025 |
|  | Governmental Issuer Loans |  |  | Taxable Governmental Issuer Loans |  |  | Property Loans |  |  | Unfunded Commitments |  |  | Total |
Balance, beginning of period |  | $ | 1,038,000 |  |  | $ | 76,000 |  |  |  | 1,930,000 |  |  | $ | 186,000 |  |  | $ | 3,230,000 |
Current provision for credit losses (1) |  |  | (342,000 | ) |  |  | 136,000 |  |  |  | 535,734 |  |  |  | (156,000 | ) |  |  | 173,734 |
Balance, end of period |  | $ | 696,000 |  |  | $ | 212,000 |  |  | $ | 2,465,734 |  |  | $ | 30,000 |  |  | $ | 3,403,734 |
(1) The current provision for credit losses includes an asset-specific allowance of approximately $624,000 related to the Opportunity South Carolina property loan. The following table summarizes the changes in the Partnership’s allowance for credit losses for the three and six months ended June 30, 2024:
|  | For the Three Months June 30, 2024 |
|  | Governmental Issuer Loans |  |  | Taxable Governmental Issuer Loans |  |  | Property Loans |  |  | Unfunded Commitments |  |  | Total |
Balance, beginning of period |  |  | 1,166,000 |  |  |  | 41,000 |  |  | $ | 1,628,000 |  |  |  | 456,000 |  |  |  | 3,291,000 |
Current provision for credit losses |  |  | (55,000 | ) |  |  | (5,000 | ) |  |  | 320,000 |  |  |  | (71,000 | ) |  |  | 189,000 |
Balance, end of period |  | $ | 1,111,000 |  |  | $ | 36,000 |  |  | $ | 1,948,000 |  |  | $ | 385,000 |  |  | $ | 3,480,000 |
|  | For the Six Months ended June 30, 2024 |
|  | Governmental Issuer Loans |  |  | Taxable Governmental Issuer Loans |  |  | Property Loans |  |  | Unfunded Commitments |  |  | Total |
Balance, beginning of period |  | $ | 1,294,000 |  |  | $ | 77,000 |  |  | $ | 2,048,000 |  |  | $ | 678,000 |  |  | $ | 4,097,000 |
Current provision for credit losses |  |  | (183,000 | ) |  |  | (41,000 | ) |  |  | (100,000 | ) |  |  | (293,000 | ) |  |  | (617,000 | )
Balance, end of period |  | $ | 1,111,000 |  |  | $ | 36,000 |  |  | $ | 1,948,000 |  |  | $ | 385,000 |  |  | $ | 3,480,000 |
Summary of Partnerships Carrying Value by Acquisition Year Grouped by Risk Rating | The following tables summarize the Partnership’s carrying value by acquisition year, grouped by risk rating as of June 30, 2025 and December 31, 2024:
|  | June 30, 2025 |
|  | 2025 |  |  | 2024 |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | Prior |  |  | Total |
Governmental Issuer Loans |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | - |  |  | $ | - |  |  | $ | 12,100,000 |  |  | $ | 109,757,835 |  |  | $ | - |  |  | $ | - |  |  | $ | 121,857,835 |
Watch |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Nonperforming |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Subtotal |  |  | - |  |  |  | - |  |  |  | 12,100,000 |  |  |  | 109,757,835 |  |  |  | - |  |  |  | - |  |  |  | 121,857,835 |
Taxable Governmental Issuer Loans |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 37,598,972 |  |  | $ | - |  |  | $ | - |  |  | $ | 37,598,972 |
Watch |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Nonperforming |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Subtotal |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 37,598,972 |  |  |  | - |  |  |  | - |  |  |  | 37,598,972 |
Property Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | - |  |  | $ | 7,250,000 |  |  | $ | - |  |  | $ | 45,933,610 |  |  | $ | - |  |  | $ | - |  |  | $ | 53,183,610 |
Watch |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Nonperforming |  |  | 623,734 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 495,000 |  |  |  | 1,118,734 |
Subtotal |  |  | 623,734 |  |  |  | 7,250,000 |  |  |  | - |  |  |  | 45,933,610 |  |  |  | - |  |  |  | 495,000 |  |  |  | 54,302,344 |
Unfunded Commitments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 6,280,493 |  |  | $ | - |  |  | $ | - |  |  | $ | 6,280,493 |
Watch |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Nonperforming |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Subtotal |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 6,280,493 |  |  |  | - |  |  |  | - |  |  |  | 6,280,493 |
Total |  | $ | 623,734 |  |  | $ | 7,250,000 |  |  | $ | 12,100,000 |  |  | $ | 199,570,910 |  |  | $ | - |  |  | $ | 495,000 |  |  | $ | 220,039,644 |
|  | December 31, 2024 |
|  | 2024 |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | Prior |  |  | Total |
Governmental Issuer Loans |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | - |  |  | $ | 13,600,000 |  |  | $ | 90,779,628 |  |  | $ | 115,322,594 |  |  | $ | - |  |  | $ | - |  |  | $ | 219,702,222 |
Watch |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Nonperforming |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Subtotal |  |  | - |  |  |  | 13,600,000 |  |  |  | 90,779,628 |  |  |  | 115,322,594 |  |  |  | - |  |  |  | - |  |  |  | 219,702,222 |
Taxable Governmental Issuer Loans |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | - |  |  | $ | - |  |  | $ | 13,157,672 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 13,157,672 |
Watch |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Nonperforming |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Subtotal |  |  | - |  |  |  | - |  |  |  | 13,157,672 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 13,157,672 |
Property Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 7,250,000 |  |  | $ | 7,830,000 |  |  | $ | 40,489,611 |  |  | $ | - |  |  |  | - |  |  | $ | - |  |  | $ | 55,569,611 |
Watch |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Nonperforming |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  | $ | - |  |  |  | 495,000 |  |  |  | 495,000 |
Subtotal |  |  | 7,250,000 |  |  |  | 7,830,000 |  |  |  | 40,489,611 |  |  |  | - |  |  |  | - |  |  |  | 495,000 |  |  |  | 56,064,611 |
Unfunded Commitments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | - |  |  | $ | - |  |  | $ | 49,700,000 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 49,700,000 |
Watch |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Nonperforming |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Subtotal |  |  | - |  |  |  | - |  |  |  | 49,700,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 49,700,000 |
Total |  | $ | 7,250,000 |  |  | $ | 21,430,000 |  |  | $ | 194,126,911 |  |  | $ | 115,322,594 |  |  | $ | - |  |  | $ | 495,000 |  |  | $ | 338,624,505 |
MRB and taxable MRB investments [Member] |
Financing Receivable, Allowance for Credit Loss [Line Items] |
Summary of Changes in Partnership's Allowance for Credit Losses | The following table summarizes the changes in the Partnership’s allowance for credit losses for the three and six months ended June 30, 2025 and 2024:
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Balance, beginning of period |  | $ | 4,111,882 |  |  | $ | 9,892,924 |  |  | $ | 4,128,849 |  |  | $ | 9,910,079 |
Current provision for credit loss (1) |  |  | 8,707,000 |  |  |  | (169,308 | ) |  |  | 8,707,000 |  |  |  | (169,308 | )
Write-offs (2) |  |  | - |  |  |  | (5,542,921 | ) |  |  | - |  |  |  | (5,542,921 | )
Recovery of prior credit loss (3) |  |  | 79,191 |  |  |  | (17,345 | ) |  |  | 62,224 |  |  |  | (34,500 | )
Balance, end of period (4) |  | $ | 12,898,073 |  |  | $ | 4,163,350 |  |  | $ | 12,898,073 |  |  | $ | 4,163,350 |
(1) During the three and six months ended June 30, 2025, the Partnership recognized a provision for credit loss of approximately $8.7 million related to The Park at Sondrio MRB and taxable MRB, The Park at Vietti MRB and taxable MRB, and the Windsor Shores Apartments MRB and taxable MRB. The credit loss was driven primarily by worse than projected operating results, financial conditions of the borrowers, and estimated underlying collateral values. (2) In connection with the final settlement of the bankruptcy estate of the Provision Center 2014-1 MRB in July 2024, the Partnership recovered approximately $169,000 of its previously recognized allowance for credit loss and the remainder of the allowance associated with the MRB was written off. (3) The Partnership compared the present value of cash flows expected to be collected to the amortized cost basis of the Live 929 Apartments Series 2022A MRB, which indicated a recovery of value. As the recovery was identified prior to the effective date of the CECL standard, the Partnership will accrete the recovery of prior credit loss into investment income over the term of the MRB. (4) The allowance for credit losses as of June 30, 2025 was related to the Live 929 Apartments – 2022A MRB, The Park at Sondrio MRB and taxable MRB, The Park at Vietti MRB and taxable MRB, and the Windsor Shores Apartments MRB and taxable MRB. The allowance for credit losses as of June 30, 2024 was related to the Live 929 Apartments – 2022A MRB.

X
- Definition Allowance for credit loss on financing receivables. + References No definition available. + Details
Name: | ghi_AllowanceForCreditLossOnFinancingReceivablesTableTextBlock
Namespace Prefix: | ghi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of partnerships carrying value by origination year grouped by risk rating. + References No definition available. + Details
Name: | ghi_SummaryOfPartnershipsCarryingValueByOriginationYearGroupedByRiskRatingTableTextBlock
Namespace Prefix: | ghi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph c -Publisher SEC + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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