Debt Financing (Tables)

3 Months Ended

6 Months Ended

Jun. 30, 2012

Jun. 30, 2012

Debt Financing [Abstract]

Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]

The par value of the bonds included in this financing facility as of June 30, 2012 and December 31, 2011 are as follows:

Description of Tax-Exempt	Outstanding Bond Par Amounts
Mortgage Revenue Bonds	June 30, 2012		December 31, 2011		Financial Statement Presentation
Ashley Square	$	5,284,000	$	5,308,000	Tax-exempt mortgage revenue bond
Bella Vista	6,600,000		6,650,000		Tax-exempt mortgage revenue bond
Bent Tree	7,650,000		7,686,000		Consolidated VIE
Bridle Ridge	7,790,000		7,815,000		Tax-exempt mortgage revenue bond
Brookstone	9,454,309		9,490,809		Tax-exempt mortgage revenue bond
Cross Creek	8,602,059		8,634,693		Tax-exempt mortgage revenue bond
Fairmont Oaks	7,481,000		7,520,000		Consolidated VIE
Lake Forest	9,153,000		9,201,000		Consolidated VIE
Runnymede	10,645,000		10,685,000		Tax-exempt mortgage revenue bond
Southpark	14,000,000		14,000,000		Tax-exempt mortgage revenue bond
Woodlynn Village	4,476,000		4,492,000		Tax-exempt mortgage revenue bond
Ohio Series A Bond (1)	14,624,000		14,666,000		Consolidated MF Property
Villages at Lost Creek	18,315,000		18,500,000		Tax-exempt mortgage revenue bond
Total	$	124,074,368	$	124,648,502

Schedule of Maturities of Long-term Debt [Table Text Block]

The Company’s Debt financing as of June 30, 2012, contractually matures over the next five years and thereafter as follows: 

2012	$	10,340,000
2013	1,009,000
2014	1,083,000
2015	1,139,000
2016	1,192,000
Thereafter	89,565,000
Total	$	104,328,000

The Company’s mortgages payable as of June 30, 2012, contractually mature over the next five years and thereafter as follows:

2012	$	27,816
2013	30,677,836
2014	4,628,000
2015	6,500,010
2016	—
Thereafter	1,398,328
Total	$	43,231,990