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Mortgage Revenue Bonds - Summary of Changes in Partnership's Allowance for Credit Losses (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Allowance for Credit Loss [Abstract]        
Recovery of prior credit loss     $ (39,968)  
Mortgage Revenue Bonds [Member]        
Allowance for Credit Loss [Abstract]        
Balance, beginning of period $ 10,013,392 $ 8,218,669 9,175,482 $ 7,318,589
Provision for credit loss       900,080
Other additions [1]     860,533  
Recovery of prior credit loss (17,345) [2] 0 (39,968) [2] 0
Balance, end of period [3] $ 9,996,047 $ 8,218,669 $ 9,996,047 $ 8,218,669
[1] The other addition is related to a re-allocation of the loan loss allowance upon restructuring of the Live 929 Apartments MRBs and property loan.
[2] 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. The Partnership will accrete the recovery of prior credit loss into investment income over the term of the MRB.
[3] The allowance for credit losses as of September 30, 2022 is related to the Provision Center 2014-1 MRB and the Live 929 Apartments - Series 2022A MRB. The allowance for credit losses as of September 30, 2021 is related to the Provision Center 2014-1 MRB and the Live 929 Apartments – 2014 Series A MRB.