XML 120 R113.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Commitments and Contingencies - Summary of Partnership's Total and Remaining Commitments (Details)
 6 Months Ended
Jun. 30, 2024
USD ($)
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment $ 417,639,233
Remaining Commitment as of June 30, 2024 263,798,905
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 155,420,000
Remaining Commitment as of June 30, 2024 $ 96,307,106
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 June 30, 2024 $ 12,600,000
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],[2]
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-5 [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2023-02
Maturity Date 2025-04 [3]
Total Initial Commitment $ 5,000,000
Remaining Commitment as of June 30, 2024 $ 4,000,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-5 [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 the Entrepreneur [Member] | Series J-T [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-04
Maturity Date 2025-04 [3]
Total Initial Commitment $ 8,000,000
Remaining Commitment as of June 30, 2024 $ 7,000,000
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-4 [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-12
Maturity Date 2040-12
Interest Rate 6.45% [1],[4]
Total Initial Commitment $ 47,000,000
Remaining Commitment as of June 30, 2024 $ 41,500,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at Empire [Member] | Series BB-T [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-12
Maturity Date 2025-12 [3]
Interest Rate 7.45% [1]
Total Initial Commitment $ 9,404,500
Remaining Commitment as of June 30, 2024 $ 8,404,500
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 June 30, 2024 $ 14,470,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | Village at Hanford Square [Member] | Series H-T [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2023-05
Maturity Date 2030-05
Interest Rate 7.25% [1]
Total Initial Commitment $ 10,400,000
Remaining Commitment as of June 30, 2024 $ 6,900,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | 40rty On Colony [Member] | Series P-T [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2023-06
Maturity Date 2030-06
Interest Rate 7.45% [1]
Total Initial Commitment $ 5,950,000
Remaining Commitment as of June 30, 2024 $ 4,950,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Safford [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2023-10
Maturity Date 2026-10
Interest Rate 7.59% [1]
Total Initial Commitment $ 43,000,000
Remaining Commitment as of June 30, 2024 23,737,106
Taxable Mortgage Revenue Bonds [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 33,754,500
Remaining Commitment as of June 30, 2024 27,254,500
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 97,057,835
Remaining Commitment as of June 30, 2024 $ 36,120,535
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 [3]
Interest Rate 6.78% [1]
Total Initial Commitment $ 35,688,328
Remaining Commitment as of June 30, 2024 $ 7,842,328
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 [3]
Interest Rate 6.78% [1]
Total Initial Commitment $ 22,250,000
Remaining Commitment as of June 30, 2024 $ 9,708,700
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 [3]
Interest Rate 6.78% [1]
Total Initial Commitment $ 39,119,507
Remaining Commitment as of June 30, 2024 18,569,507
Taxable Governmental Issuer Loans [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 56,579,465
Remaining Commitment as of June 30, 2024 $ 53,579,465
Taxable Governmental Issuer Loans [Member] | Poppy Grove I [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-09
Maturity Date 2025-04 [3]
Interest Rate 6.78% [1]
Total Initial Commitment $ 21,157,672
Remaining Commitment as of June 30, 2024 $ 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 [3]
Interest Rate 6.78% [1]
Total Initial Commitment $ 10,941,300
Remaining Commitment as of June 30, 2024 $ 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 [3]
Interest Rate 6.78% [1]
Total Initial Commitment $ 24,480,493
Remaining Commitment as of June 30, 2024 23,480,493
Property Loans [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 7,830,000
Remaining Commitment as of June 30, 2024 $ 1,042,008
Property Loans [Member] | Sandy Creek Apartments [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2023-08
Maturity Date 2026-09 [3]
Interest Rate 8.63% [1],[5]
Total Initial Commitment $ 7,830,000
Remaining Commitment as of June 30, 2024 $ 1,042,008
Property Loans [Member] | Anaheim & Walnut [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 4.85% [1]
Joint Venture Investments [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment $ 63,097,433
Remaining Commitment as of June 30, 2024 $ 45,595,291
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 June 30, 2024 $ 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 June 30, 2024 $ 10,562,345 [6]
Joint Venture Investments [Member] | Freestone Cresta Bella [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2023-12
Total Initial Commitment $ 20,049,570
Remaining Commitment as of June 30, 2024 $ 12,639,538
Joint Venture Investments [Member] | Freestone Ladera [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2023-12
Total Initial Commitment $ 17,097,624
Remaining Commitment as of June 30, 2024 13,449,494
Bond Purchase Commitment [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 3,900,000
Remaining Commitment as of June 30, 2024 $ 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]
Total Initial Commitment $ 3,900,000
Remaining Commitment as of June 30, 2024 $ 3,900,000
[1] The variable index interest rate components are subject to a floor of 0.27%.
[2] Upon stabilization, the MRB will convert to a fixed rate of 8.0% and become subordinate to the other senior MRBs.
[3] 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.
[4] Upon stabilization, the MRB will convert to a fixed rate of 10.0% and become subordinate to the other senior MRBs of the borrower.
[5] The interest rate will convert to a variable rate of Term SOFR + 3.35% on February 1, 2025.
[6] A development site has been identified for this property but construction had not commenced as of June 30, 2024.
[7] The property became a consolidated VIE effective during the fourth quarter of 2021 (Note 3).
[8] This is the estimated closing date of the associated bond purchase commitment.