Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2011	Dec. 31, 2010
Assets
Cash and cash equivalents	$ 10,411,071	$ 13,277,048
Restricted cash	16,853,085	25,252,756
Interest receivable	8,562,286	4,670,182
Tax-exempt mortgage revenue bonds held in trust, at fair value (Notes 4 & 8)	91,654,982	73,451,479
Tax-exempt mortgage revenue bonds, at fair value (Note 4)	47,435,630	27,115,164
Real estate assets: (Note 5)
Land	13,446,385	12,946,831
Buildings and improvements	114,414,173	91,802,694
Real estate assets before accumulated depreciation	127,860,558	104,749,525
Accumulated depreciation	(19,580,720)	(23,467,105)
Net real estate assets	108,279,838	81,282,420
Other assets (Note 6)	14,212,716	16,558,200
Total Assets	297,409,608	241,607,249
Liabilities
Accounts payable, accrued expenses and other liabilities	3,516,836	3,528,303
Distribution payable	3,803,399	3,803,399
Debt financing (Note 7)	109,187,000	95,608,000
Mortgages payable (Note 8)	43,667,892	10,645,982
Total Liabilities	160,175,127	113,585,684
Commitments and Contingencies (Note 12)
Partners' Capital
General Partner (Note 2)	(298,694)	(280,629)
Beneficial Unit Certificate holders	160,388,092	161,389,189
Unallocated deficit of Consolidated VIEs	(23,163,457)	(32,945,669)
Total Partners' Capital	136,925,941	128,162,891
Noncontrolling interest (Note 5)	308,540	(141,326)
Total Capital	137,234,481	128,021,565
Total Liabilities and Partners' Capital	$ 297,409,608	$ 241,607,249