Condensed Consolidated Statements of Operations (USD $)	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Revenues:
Property revenues	$ 4,238,929	$ 3,565,553
Mortgage revenue bond investment income	2,371,404	2,220,913
Other income	39,345	251,361
Total Revenues	6,649,678	6,037,827
Expenses:
Real estate operating (exclusive of items shown below)	2,279,934	2,132,208
Provision for loss on receivables	238,175	0
Depreciation and amortization	1,438,905	1,133,059
Interest	1,318,535	773,734
General and administrative	650,579	641,595
Total Expenses	5,926,128	4,680,596
Income from continuing operations	723,550	1,357,231
Income from discontinued operations	46,034	14,004
Net income (loss)	769,584	1,371,235
Net (income) loss attributable to noncontrolling interest	139,152	182,061
Net (loss) income - America First Tax Exempt Investors, L.P.	630,432	1,189,174
Net income (loss) allocated to:
General Partner	8,703	14,693
Limited Partners - Unitholders	861,588	1,454,610
Unallocated loss of Consolidated Property VIEs	(239,859)	(280,129)
Noncontrolling interest	139,152	182,061
Net income (loss)	$ 769,584	$ 1,371,235
Unitholders' interest in net income per unit (basic and diluted):
Net income (loss), basic and diluted, per unit	$ 0.03	$ 0.05
Weighted average number of units outstanding, basic and diluted	30,122,928	30,122,928