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Commitments and Contingencies - Summary of Partnership's Total and Remaining Commitments (Details)
12 Months Ended
Dec. 31, 2022
USD ($)
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment $ 645,657,972
Remaining Commitment as of December 31, 2022 $ 428,319,586
The Residency At Empire [Member] | Series BB-3 [Member]  
Commitments And Other Guarantees [Line Items]  
Maturity Date 2029-12
Interest Rate 6.00%
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment $ 177,000,000
Remaining Commitment as of December 31, 2022 $ 142,321,563
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency At Mayer [Member] | Series A [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-10
Maturity Date 2039-04
Total Initial Commitment $ 29,500,000
Remaining Commitment as of December 31, 2022 $ 3,500,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency At Mayer [Member] | Series A [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.60% [1]
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency At Mayer [Member] | Series A T Mortgage [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-10
Maturity Date 2024-04 [2]
Total Initial Commitment $ 12,500,000
Remaining Commitment as of December 31, 2022 $ 11,500,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency At Mayer [Member] | Series A T Mortgage [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.70% [1]
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | Meadow Valley [Member] | Series A [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-12
Maturity Date 2029-12
Interest Rate 6.25% [1]
Total Initial Commitment $ 44,000,000
Remaining Commitment as of December 31, 2022 $ 39,276,563
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-4 [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-04
Maturity Date 2040-03
Total Initial Commitment $ 16,420,000
Remaining Commitment as of December 31, 2022 $ 16,420,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-4 [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.60% [1],[3]
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-3 [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-04
Maturity Date 2040-03
Interest Rate 6.00% [1]
Total Initial Commitment $ 26,080,000
Remaining Commitment as of December 31, 2022 $ 22,180,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-T [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-04
Maturity Date 2025-04 [2]
Total Initial Commitment $ 13,000,000
Remaining Commitment as of December 31, 2022 $ 12,000,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-T [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.65% [1]
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency At Empire [Member] | Series BB-3 [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-12
Maturity Date 2040-12
Interest Rate 6.45% [1],[4]
Total Initial Commitment $ 14,000,000
Remaining Commitment as of December 31, 2022 $ 13,945,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency At Empire [Member] | Series BB-4 [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-12
Maturity Date 2040-12
Interest Rate 6.45% [1],[5]
Total Initial Commitment $ 47,000,000
Remaining Commitment as of December 31, 2022 $ 47,000,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency At Empire [Member] | Series BB-T Mortgage [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-12
Maturity Date 2025-12 [2]
Interest Rate 7.45% [1]
Total Initial Commitment $ 9,404,500
Remaining Commitment as of December 31, 2022 8,404,500
Taxable Mortgage Revenue Bonds [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 34,904,500
Remaining Commitment as of December 31, 2022 31,904,500
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 182,057,835
Remaining Commitment as of December 31, 2022 $ 103,873,023
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Osprey Village [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-07
Maturity Date 2024-08 [2]
Total Initial Commitment $ 60,000,000
Remaining Commitment as of December 31, 2022 $ 20,106,960
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Osprey Village [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.07% [1]
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Willow Place Apartments [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-09
Maturity Date 2024-10 [2]
Total Initial Commitment $ 25,000,000
Remaining Commitment as of December 31, 2022 $ 7,645,528
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Willow Place Apartments [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.30% [1]
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Hope on Avalon [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-01
Maturity Date 2023-08 [2]
Total Initial Commitment $ 10,573,000
Remaining Commitment as of December 31, 2022 $ 5,573,000
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Hope on Avalon [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.55% [1]
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Poppy Grove I [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-09
Maturity Date 2025-04 [2]
Interest Rate 6.78% [1]
Total Initial Commitment $ 35,688,328
Remaining Commitment as of December 31, 2022 $ 27,842,328
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Poppy Grove II [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-09
Maturity Date 2025-04 [2]
Interest Rate 6.78% [1]
Total Initial Commitment $ 22,250,000
Remaining Commitment as of December 31, 2022 $ 17,708,700
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Poppy Grove III [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-09
Maturity Date 2025-04 [2]
Interest Rate 6.78% [1]
Total Initial Commitment $ 39,119,507
Remaining Commitment as of December 31, 2022 30,569,507
Governmental Issuer Loans [Member] | Poppy Grove I [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 21.2
Taxable Governmental Issuer Loans [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 67,152,465
Remaining Commitment as of December 31, 2022 $ 59,152,465
Taxable Governmental Issuer Loans [Member] | Poppy Grove I [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-09
Maturity Date 2025-04 [2]
Interest Rate 6.78% [1]
Total Initial Commitment $ 21,157,672
Remaining Commitment as of December 31, 2022 $ 20,157,672
Taxable Governmental Issuer Loans [Member] | Poppy Grove II [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-09
Maturity Date 2025-04 [2]
Interest Rate 6.78% [1]
Total Initial Commitment $ 10,941,300
Remaining Commitment as of December 31, 2022 $ 9,941,300
Taxable Governmental Issuer Loans [Member] | Poppy Grove III [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-09
Maturity Date 2025-04 [2]
Interest Rate 6.78% [1]
Total Initial Commitment $ 24,480,493
Remaining Commitment as of December 31, 2022 $ 23,480,493
Property Loans [Member] | Osprey Village [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-07
Maturity Date 2024-08 [2]
Total Initial Commitment $ 25,500,000
Remaining Commitment as of December 31, 2022 $ 24,500,000
Property Loans [Member] | Osprey Village [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.07% [1]
Property Loans [Member] | Willow Place Apartments [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-09
Maturity Date 2024-10 [2]
Total Initial Commitment $ 21,351,328
Remaining Commitment as of December 31, 2022 $ 20,351,328
Property Loans [Member] | Willow Place Apartments [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.30% [1]
Property Loans [Member] | Hilltop at Signal Hills [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-01
Maturity Date 2023-08 [2]
Total Initial Commitment $ 21,197,939
Remaining Commitment as of December 31, 2022 $ 1,479,605
Property Loans [Member] | Hilltop at Signal Hills [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.07% [1]
Property Loans [Member] | Legacy Commons at Signal Hills [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-01
Maturity Date 2024-02 [2]
Total Initial Commitment $ 32,233,972
Remaining Commitment as of December 31, 2022 $ 2,567,067
Property Loans [Member] | Legacy Commons at Signal Hills [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.07% [1]
Property Loans [Member] | Oasis at Twin Lakes [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2020-07
Maturity Date 2023-08 [2]
Total Initial Commitment $ 27,704,180
Remaining Commitment as of December 31, 2022 $ 3,685,523
Property Loans [Member] | Oasis at Twin Lakes [Member] | LIBOR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 2.50% [1]
Property Loans [Member] | Magnolia Heights [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-06
Maturity Date 2024-07 [2]
Total Initial Commitment $ 10,300,000
Remaining Commitment as of December 31, 2022 $ 4,111,399
Property Loans [Member] | Magnolia Heights [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.85% [1]
Joint Venture Investments [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment $ 42,355,753
Remaining Commitment as of December 31, 2022 $ 30,473,113
Joint Venture Investments [Member] | Vantage At San Marcos [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2020-11 [6],[7]
Total Initial Commitment $ 9,914,529 [6],[7]
Remaining Commitment as of December 31, 2022 $ 8,943,914 [6],[7]
Joint Venture Investments [Member] | Freestone Greeley [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-10 [6]
Total Initial Commitment $ 16,035,710 [6]
Remaining Commitment as of December 31, 2022 $ 11,325,008 [6]
Joint Venture Investments [Member] | Freestone Cresta Bella [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-11 [6]
Total Initial Commitment $ 16,405,514 [6]
Remaining Commitment as of December 31, 2022 10,204,191 [6]
Joint Venture Investments [Member] | Vantage At Loveland [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 138,287,419
Remaining Commitment as of December 31, 2022 56,694,922
Bond Purchase Commitment [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 3,900,000
Remaining Commitment as of December 31, 2022 $ 3,900,000
Bond Purchase Commitment [Member] | Anaheim & Walnut [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-09
Maturity Date Q3 2024 [8]
Interest Rate 4.85% [1]
Total Initial Commitment $ 3,900,000
Remaining Commitment as of December 31, 2022 $ 3,900,000
[1] The variable index interest rate components are typically subject to floors that range from 0% to 0.85%.
[2] The borrowers may elect to extend the maturity date for a period ranging between six and twelve months upon meeting certain conditions, which may include payment of a non-refundable extension fee.
[3] Upon stabilization, the MRB will convert to a fixed rate of 8.0% and become subordinate to the other senior MRBs.
[4] Beginning December 2029, the interest rate will change to the greater of (i) 3.25% over the then 10-Year SOFR Swap rate, or (ii) 6.00%.
[5] Upon stabilization, the MRB will convert to a fixed rate of 10.0% and become subordinate to the other senior MRBs of the borrower.
[6] A development site has been identified for this property but construction had not commenced as of December 31, 2022.
[7] The property became a consolidated VIE effective during the fourth quarter of 2021 (Note 5).
[8] This is the estimated closing date of the associated bond purchase commitment.