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Fair Value of Financial Instruments - Summary of Activity Related to Level 3 Assets and Liabilities (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Schedule of Available-for-sale Securities [Line Items]        
Assets at Fair Value, beginning balance $ 745,034,841 $ 773,607,185 $ 798,246,109 $ 796,696,304
Total gains (losses) (realized/unrealized) [Abstract]        
Total gain (losses) included in earnings (interest income and interest expense) 1,417,910 1,803,456 3,406,948 3,644,154
Total gain (losses) Included in earnings (provision for credit loss)   (900,080)   (900,080)
Total gain (losses) included in other comprehensive income (20,016,372) 2,014,779 (68,587,109) (14,404,988)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases 22,630,000 6,880,000 98,320,000 8,951,500
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements (9,922,893) (3,238,495) (91,381,929) (13,820,045)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Other [1]     (860,533)  
Assets at Fair Value, ending balance 739,143,486 780,166,845 739,143,486 780,166,845
Total amount of gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets or liabilities held 5,086 (909,574) 144,749 (902,123)
Interest Rate Derivative Financial Instruments [Member]        
Schedule of Available-for-sale Securities [Line Items]        
Assets at Fair Value, beginning balance 397,658      
Derivative Assets (Liabilities) at Fair Value, beginning balance   327,376 343,418 321,503
Total gains (losses) (realized/unrealized) [Abstract]        
Total gain (losses) included in earnings (interest income and interest expense) 1,324,000 1,769,026 3,198,738 3,575,193
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements (1,323,378) (1,775,030) (3,143,876) (3,575,324)
Derivative Assets (Liabilities) at Fair Value, ending balance 398,280 321,372 398,280 321,372
Total amount of gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets or liabilities held (12,258) (9,494) 122,126 (2,043)
Bond Purchase Commitment [Member]        
Schedule of Available-for-sale Securities [Line Items]        
Assets at Fair Value, beginning balance 145,323 310,909 964,404 431,879
Total gains (losses) (realized/unrealized) [Abstract]        
Total gain (losses) included in other comprehensive income (136,370) 81,606 (955,451) (39,364)
Assets at Fair Value, ending balance 8,953 392,515 8,953 392,515
Taxable Mortgage Revenue Bonds [Member]        
Schedule of Available-for-sale Securities [Line Items]        
Assets at Fair Value, beginning balance 9,535,962 1,443,988 3,428,443 1,510,437
Total gains (losses) (realized/unrealized) [Abstract]        
Total gain (losses) included in earnings (interest income and interest expense) (10,072)   (10,072)  
Total gain (losses) included in other comprehensive income (116,770) 21,266 (331,693) (42,846)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases 2,050,750   8,375,750  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements (2,614) (2,392) (5,172) (4,729)
Assets at Fair Value, ending balance 11,457,256 1,462,862 11,457,256 1,462,862
Mortgage Revenue Bonds [Member]        
Schedule of Available-for-sale Securities [Line Items]        
Assets at Fair Value, beginning balance 734,955,898 [2] 771,524,912 [3] 793,509,844 [4] 794,432,485 [5]
Total gains (losses) (realized/unrealized) [Abstract]        
Total gain (losses) included in earnings (interest income and interest expense) 103,982 [2] 34,430 [3] 218,282 [4] 68,961 [5]
Total gain (losses) Included in earnings (provision for credit loss)   (900,080) [3]   (900,080) [5]
Total gain (losses) included in other comprehensive income (19,763,232) [2] 1,911,907 [3] (67,299,965) [4] (14,322,778) [5]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases 20,579,250 [2] 6,880,000 [3] 89,944,250 [4] 8,951,500 [5]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements (8,596,901) [2] (1,461,073) [3] (88,232,881) [4] (10,239,992) [5]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Other [1],[4]     (860,533)  
Assets at Fair Value, ending balance 727,278,997 [2] 777,990,096 [3] 727,278,997 [2] 777,990,096 [3]
Total amount of gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets or liabilities held $ 17,344 [2] $ (900,080) [3] $ 22,623 [4] $ (900,080) [5]
[1] The other line is related to a re-allocation of the loan loss allowance upon restructuring of the Live 929 Apartments MRBs and property loan (Notes 6 and 10).
[2] Mortgage revenue bonds includes both bonds held in trust as well as those held by the Partnership.
[3] Mortgage revenue bonds includes both bonds held in trust as well as those held by the Partnership.
[4] Mortgage revenue bonds includes both bonds held in trust as well as those held by the Partnership.
[5] Mortgage revenue bonds includes both bonds held in trust as well as those held by the Partnership.