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Variable Interest Entities Consolidating Balance Sheet (Details) (USD $)
Jun. 30, 2012
Dec. 31, 2011
Jun. 30, 2011
Dec. 31, 2010
Cash and cash equivalents $ 81,790,870 $ 20,201,573    
Restricted cash 6,419,577 13,852,753    
Interest receivable 7,083,519 6,984,978    
Tax-exempt mortgage revenue bonds held in trust, at fair value 98,707,622 109,152,787    
Tax-exempt mortgage revenue bonds, at fair value 38,138,997 26,542,565    
Land 13,802,148 12,430,434    
Buildings and improvements 114,355,138 111,653,203    
Real estate assets before accumulated depreciation 128,157,286 124,083,637    
Accumulated depreciation (22,402,643) (19,817,998)    
Net real estate assets 105,754,643 104,265,639    
Other assets 8,552,585 10,211,388    
Assets of discontinued operations 6,698,871 6,764,862    
Assets 353,146,684 297,976,545    
Accounts payable, accrued expenses and other liabilities 3,596,921 3,491,642    
Distribution payable 5,562,518 3,911,340    
Debt financing 104,328,000 112,673,000    
Mortgages payable 43,231,990 40,092,455    
Liabilities of discontinued operations 6,131,925 6,219,063    
Liabilities 162,851,354 166,387,500    
General Partner (364,091) (354,006)    
Beneficial Unit Certificate holders 213,861,059 154,911,228    
Unallocated deficit of Consolidated VIEs (24,011,830) (23,512,962)    
Partners' Capital 189,485,138 131,044,260    
Noncontrolling interest 810,192 544,785    
Total Partners Capital 190,295,330 131,589,045 138,995,275 128,021,565
Liabilities and Equity 353,146,684 297,976,545    
Partnership [Member]
       
Cash and cash equivalents 81,738,675 20,188,855    
Restricted cash 5,426,851 12,915,700    
Interest receivable 12,104,935 11,395,266    
Tax-exempt mortgage revenue bonds held in trust, at fair value 123,353,050 132,920,723    
Tax-exempt mortgage revenue bonds, at fair value 38,138,997 26,542,565    
Land 10,552,104 9,180,390    
Buildings and improvements 82,601,481 80,045,210    
Real estate assets before accumulated depreciation 93,153,585 89,225,600    
Accumulated depreciation (9,373,669) (7,485,664)    
Net real estate assets 83,779,916 81,739,936    
Other assets 18,121,728 20,222,928    
Assets of discontinued operations 6,698,871 6,764,862    
Assets 369,363,023 312,690,835    
Accounts payable, accrued expenses and other liabilities 2,624,822 2,516,851    
Distribution payable 5,562,518 3,911,340    
Debt financing 104,328,000 112,673,000    
Mortgages payable 43,231,990 40,092,455    
Liabilities of discontinued operations 6,131,925 6,219,063    
Liabilities 161,879,255 165,412,709    
General Partner (364,091) (354,006)    
Beneficial Unit Certificate holders 207,037,667 147,087,347    
Unallocated deficit of Consolidated VIEs 0 0    
Partners' Capital 206,673,576 146,733,341    
Noncontrolling interest 810,192 544,785    
Total Partners Capital 207,483,768 147,278,126    
Liabilities and Equity 369,363,023 312,690,835    
Consolidated VIEs [Member]
       
Cash and cash equivalents 52,195 12,718    
Restricted cash 992,726 937,053    
Interest receivable 0 0    
Tax-exempt mortgage revenue bonds held in trust, at fair value 0 0    
Tax-exempt mortgage revenue bonds, at fair value 0 0    
Land 3,250,044 3,250,044    
Buildings and improvements 31,753,657 31,607,993    
Real estate assets before accumulated depreciation 35,003,701 34,858,037    
Accumulated depreciation (13,028,974) (12,332,334)    
Net real estate assets 21,974,727 22,525,703    
Other assets 794,620 839,879    
Assets of discontinued operations 0 0    
Assets 23,814,268 24,315,353    
Accounts payable, accrued expenses and other liabilities 25,763,858 24,780,781    
Distribution payable 0 0    
Debt financing 0 0    
Mortgages payable 24,284,000 24,407,000    
Liabilities of discontinued operations 0 0    
Liabilities 50,047,858 49,187,781    
General Partner 0 0    
Beneficial Unit Certificate holders 0 0    
Unallocated deficit of Consolidated VIEs (26,233,590) (24,872,428)    
Partners' Capital (26,233,590) (24,872,428)    
Noncontrolling interest 0 0    
Total Partners Capital (26,233,590) (24,872,428)    
Liabilities and Equity 23,814,268 24,315,353    
Consolidations, Eliminations for VIEs [Member]
       
Cash and cash equivalents 0 0    
Restricted cash 0 0    
Interest receivable (5,021,416) (4,410,288)    
Tax-exempt mortgage revenue bonds held in trust, at fair value (24,645,428) (23,767,936)    
Tax-exempt mortgage revenue bonds, at fair value 0 0    
Land 0 0    
Buildings and improvements 0 0    
Real estate assets before accumulated depreciation 0 0    
Accumulated depreciation 0 0    
Net real estate assets 0 0    
Other assets (10,363,763) (10,851,419)    
Assets of discontinued operations 0 0    
Assets (40,030,607) (39,029,643)    
Accounts payable, accrued expenses and other liabilities (24,791,759) (23,805,990)    
Distribution payable 0 0    
Debt financing 0 0    
Mortgages payable (24,284,000) (24,407,000)    
Liabilities of discontinued operations 0 0    
Liabilities (49,075,759) (48,212,990)    
General Partner 0 0    
Beneficial Unit Certificate holders 6,823,392 7,823,881    
Unallocated deficit of Consolidated VIEs 2,221,760 1,359,466    
Partners' Capital 9,045,152 9,183,347    
Noncontrolling interest 0 0    
Total Partners Capital 9,045,152 9,183,347    
Liabilities and Equity $ (40,030,607) $ (39,029,643)