Subsequent Event Subsequent Events (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Subsequent Events [Table Text Block]

The following table sets forth certain information relating to the PHC Certificates held in the TOB Trusts:



	Weighted Average Lives (Years)	Investment Rating	Weighted Average Interest Rate over Life		Principal Outstanding June 30, 2012
Public Housing Capital Fund Trust I	12.75	AA-	5.330	%	$	26,406,558
Public Housing Capital Fund Trust II	12.3	AA-	4.240	%	17,959,713
Public Housing Capital Fund Trust III	13.3	BBB	5.410	%	20,898,432
Total Public Housing Capital Fund					$	65,264,703

- Definition

Tabular disclosure of significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, losses resulting from fire or flood, losses on receivables, significant realized and unrealized gains and losses that result from changes in quoted market prices of securities, declines in market prices of inventory, changes in authorized or issued debt (SEC), significant foreign exchange rate changes, substantial loans to insiders or affiliates, significant long-term investments, and substantial dividends not in the ordinary course of business.

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