Exhibit 21

Subsidiaries of Greystone Housing Impact Investors LP
Name |  | Jurisdiction of Organization
Greens of Pine Glen - AmFirst LP Holding Corporation |  | Delaware
ATAX TEBS I, LLC |  | Delaware
ATAX TEBS II, LLC |  | Delaware
ATAX TEBS III, LLC |  | Delaware
ATAX TEBS IV, LLC |  | Delaware
ATAX Vantage Holdings, LLC |  | Delaware
ATAX TEBS Holdings, LLC |  | Delaware
Lindo Paseo, LLC |  | Delaware
ATAX Freestone Holdings, LLC |  | Delaware
ATAX Senior Housing Holdings I LLC |  | Delaware
ATAX Great Hill Holdings LLC |  | Delaware
GHI-BIO AC Debt JV MM LLC |  | Delaware
GHI South Carolina Holdings LLC |  | Delaware
GHI South Carolina Century Plaza LLC |  | Delaware
GHI South Carolina Sondrio LLC |  | Delaware
GHI South Carolina Vietti LLC |  | Delaware
GHI South Carolina Windsor LLC |  | Delaware