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Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following table details certain key financial information for the Company’s reportable segments for the three years ended December 31:

 

 

 

 

2015

 

 

 

2014

 

 

 

2013

 

Total revenues

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

38,772,872

 

 

$

26,929,446

 

 

$

26,826,785

 

MF Properties

 

 

22,388,234

 

 

 

14,250,572

 

 

 

11,358,719

 

Public Housing Capital Fund Trust

 

 

2,994,482

 

 

 

3,038,819

 

 

 

3,261,611

 

MBS Securities Investments

 

 

225,890

 

 

 

1,423,958

 

 

 

1,601,270

 

Other Investments

 

 

170,922

 

 

 

-

 

 

 

-

 

Consolidated VIEs

 

 

-

 

 

 

-

 

 

 

10,943,968

 

Consolidation/eliminations

 

 

-

 

 

 

-

 

 

 

(9,705,375

)

Total revenues

 

$

64,552,400

 

 

$

45,642,795

 

 

$

44,286,978

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

10,787,252

 

 

$

7,147,092

 

 

$

3,082,739

 

MF Properties

 

 

2,659,350

 

 

 

2,319,928

 

 

 

2,152,010

 

Public Housing Capital Fund Trust

 

 

1,221,713

 

 

 

1,295,238

 

 

 

1,292,540

 

MBS Securities Investments

 

 

157,902

 

 

 

403,653

 

 

 

463,555

 

Other Investments

 

 

-

 

 

 

-

 

 

 

-

 

Consolidated VIEs

 

 

-

 

 

 

-

 

 

 

1,034,584

 

Consolidation/eliminations

 

 

-

 

 

 

-

 

 

 

(1,034,584

)

Total interest expense

 

$

14,826,217

 

 

$

11,165,911

 

 

$

6,990,844

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation expense

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

-

 

 

$

-

 

 

$

-

 

MF Properties

 

 

5,888,973

 

 

 

4,801,533

 

 

 

3,804,499

 

Public Housing Capital Fund Trust

 

 

-

 

 

 

-

 

 

 

-

 

MBS Securities Investments

 

 

-

 

 

 

-

 

 

 

-

 

Other Investments

 

 

-

 

 

 

-

 

 

 

-

 

Consolidated VIEs

 

 

-

 

 

 

-

 

 

 

458,101

 

Consolidation/eliminations

 

 

-

 

 

 

-

 

 

 

-

 

Total depreciation expense

 

$

5,888,973

 

 

$

4,801,533

 

 

$

4,262,600

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

17,924,037

 

 

$

13,181,961

 

 

$

13,806,271

 

MF Properties

 

 

2,964,297

 

 

 

(938,151

)

 

 

(1,837,076

)

Public Housing Capital Fund Trust

 

 

1,758,022

 

 

 

1,714,968

 

 

 

1,940,459

 

MBS Securities Investments

 

 

67,547

 

 

 

1,017,637

 

 

 

1,055,736

 

Other Investments

 

 

170,922

 

 

 

-

 

 

 

-

 

Consolidated VIEs

 

 

-

 

 

 

-

 

 

 

8,337,601

 

Consolidation/eliminations

 

 

-

 

 

 

-

 

 

 

(8,657,200

)

Income from continuing operations - America First Multifamily Investors, L. P.

 

$

22,884,825

 

 

$

14,976,415

 

 

$

14,645,791

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

17,924,037

 

 

$

13,181,961

 

 

$

13,806,271

 

MF Properties

 

 

2,967,098

 

 

 

(933,478

)

 

 

1,343,405

 

Public Housing Capital Fund Trust

 

 

1,758,022

 

 

 

1,714,968

 

 

 

1,940,459

 

MBS Securities Investments

 

 

67,547

 

 

 

1,017,637

 

 

 

1,055,736

 

Other Investments

 

 

170,922

 

 

 

-

 

 

 

-

 

Consolidated VIEs

 

 

-

 

 

 

-

 

 

 

8,337,601

 

Consolidation/eliminations

 

 

-

 

 

 

-

 

 

 

(8,657,200

)

Discontinued Operations

 

 

3,721,397

 

 

 

52,773

 

 

 

(111,353

)

Net income - America First Multifamily Investors, L. P.

 

$

26,609,023

 

 

$

15,033,861

 

 

$

17,714,919

 

 

The following table details total assets for the Company’s reportable segments for the three years ended December 31:

 

Total assets

 

 

2015

 

 

 

2014

 

 

 

2013

 

Mortgage Revenue Bond Investments

 

$

841,499,941

 

 

$

694,912,181

 

 

$

440,228,401

 

MF Properties

 

 

127,683,544

 

 

 

101,020,541

 

 

 

83,223,294

 

Public Housing Capital Fund Trust Certificates

 

 

61,021,462

 

 

 

61,563,542

 

 

 

62,406,108

 

Mortgage-Backed Securities

 

 

15,035,061

 

 

 

15,101,309

 

 

 

38,422,573

 

Other Investments

 

 

7,726,970

 

 

 

-

 

 

 

-

 

Assets held for sale

 

 

14,020,559

 

 

 

13,204,015

 

 

 

14,019,837

 

Consolidation/eliminations

 

 

(199,877,054

)

 

 

(145,977,602

)

 

 

(106,419,611

)

Total assets

 

$

867,110,483

 

 

$

739,823,986

 

 

$

531,880,602