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Variable Interest Entities (Tables)
 12 Months Ended
Dec. 31, 2012
Variable Interest Entities [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
the Partnership has made taxable loans to these consolidated VIEs of $10.6 million and $10.3 million as of December 31, 2012 and 2011, respectively.
VIEs - December 31, 2012
 
 
 
 
 
 
Base
 
Principal
 
Income
 
 
 
 
Maturity
 
Interest
 
Outstanding at
 
Earned in
Property Name
 
Location
 
Date
 
Rate
 
December 31, 2012
 
2012
Bent Tree Apartments (1)
 
Columbia, SC
 
12/15/2030
 
6.25
%
 
$
7,614,000

 
$
477,938

Fairmont Oaks Apartments (1)
 
Gainseville, FL
 
4/1/2033
 
6.30
%
 
7,439,000

 
471,067

Lake Forest Apartments (1)
 
Daytona Beach, FL
 
12/1/2031
 
6.25
%
 
9,105,000

 
571,813

Total Tax-Exempt Mortgage Bonds
 
 
 
 
 
 
 
$
24,158,000

 
$
1,520,818

(1) Bonds held by ATAX TEBS I, LLC
VIEs - December 31, 2011
 
 
 
 
 
 
Base
 
Principal
 
Income
 
 
 
 
Maturity
 
Interest
 
Outstanding at
 
Earned in
Property Name
 
Location
 
Date
 
Rate
 
December 31, 2011
 
2011
Bent Tree Apartments (1)
 
Columbia, SC
 
12/15/2030
 
6.25
%
 
$
7,686,000

 
$
482,203

Fairmont Oaks Apartments (1)
 
Gainesville, FL
 
4/1/2033
 
6.30
%
 
$
7,520,000

 
$
475,839

Lake Forest Apartments (1)
 
Daytona Beach, FL
 
12/1/2031
 
6.25
%
 
$
9,201,000

 
$
577,813

Total Tax-Exempt Mortgage Bonds
 
 
 
 
 
 
 
$
24,407,000

 
$
1,535,855

(1) Bonds held by ATAX TEBS I, LLC
The following is a summary of the taxable loans, accrued interest and allowance on amounts due at December 31, 2012 and 2011:
 
December 31, 2012
 
Outstanding Balance
 
Accrued Interest
 
Loan Loss Reserves
 
Net Taxable Loans
Arbors at Hickory Ridge
$
191,264

 
$
697

 
$
—

 
$
191,961

Ashley Square
4,894,342

 
1,681,322

 
(5,277,664
)
 
1,298,000

Cross Creek
6,588,087

 
1,578,288

 
(4,782,760
)
 
3,383,615

Iona Lakes
7,741,118

 
2,856,290

 
(6,857,912
)
 
3,739,496

Woodland Park
914,116

 
302,450

 
(1,216,566
)
 
—

 
$
20,328,927

 
$
6,419,047

 
$
(18,134,902
)
 
$
8,613,072

 
 
 
 
 
 
 
 
 
December 31, 2011
 
Outstanding Balance
 
Accrued Interest
 
Allowance
 
Net Taxable Loans
Ashley Square
$
4,786,342

 
$
1,331,186

 
$
(4,927,528
)
 
$
1,190,000

Cross Creek
6,769,227

 
1,360,270

 
(4,564,742
)
 
3,564,755

Iona Lakes
7,339,118

 
2,207,301

 
(6,208,923
)
 
3,337,496

Woodland Park
914,116

 
167,609

 
(1,081,725
)
 
—

 
$
19,808,803

 
$
5,066,366

 
$
(16,782,918
)
 
$
8,092,251
Variable Interest Entity, Classification of Carrying Amount, Assets [Table Text Block]
The following table presents information regarding the carrying value and classification of the assets held by the Partnership as of December 31, 2012 and 2011, which constitute a variable interest in Ashley Square and Cross Creek.
December 31, 2012
 
Balance Sheet
 
 Carrying
 
 Maximum Exposure
 
Classification
 
 Value
 
 to Loss
Ashley Square Apartments
 
 
 
 
 
Tax-Exempt Mortgage Revenue Bond
Bond Investment
 
$
5,506,981

 
$
5,260,000

Property Loan
Other Asset
 
1,298,000

 
6,575,664

 
 
 
$
6,804,981

 
$
11,835,664

 
 
 
 
 
 
Cross Creek Apartments
 
 
 
 
 
Tax-Exempt Mortgage Revenue Bond
Bond Investment
 
$
7,999,335

 
$
6,004,424

Property Loans
Other Asset
 
3,383,615

 
3,383,615

 
 
 
$
11,382,950

 
$
9,388,039


December 31, 2011
 
Balance Sheet
 
 Carrying
 
 Maximum Exposure
 
Classification
 
 Value
 
 to Loss
Ashley Square Apartments
 
 
 
 
 
Tax-Exempt Mortgage Revenue Bond
Bond Investment
 
5,308,000

 
5,308,000

Property Loan
Other Asset
 
1,190,000

 
6,117,528

 
 
 
$
6,498,000

 
$
11,425,528

 
 
 
 
 
 
Cross Creek Apartments
 
 
 
 
 
Tax-Exempt Mortgage Revenue Bond
Bond Investment
 
7,785,645

 
5,961,478

Property Loans
Other Asset
 
3,564,755

 
3,564,755

 
 
 
$
11,350,400

 
$
9,526,233
Schedule of Condensed Income Statement [Table Text Block]
Consolidating Statements of Operations for the years ended December 31, 2012, 2011, and 2010:

 
 Partnership For the Year Ended December 31, 2012
 
 Consolidated VIEs For the Year Ended December 31, 2012
 
 Consolidation -Elimination For the Year Ended December 31, 2012
 
 Total For the Year Ended December 31, 2012
Revenues:
 
 
 
 
 
 
 
Property revenues
$
7,846,812

 
$
4,807,718

 
$
—

 
$
12,654,530

Investment income
12,599,284

 
—

 
(1,520,817
)
 
11,078,467

Gain on sale and retirement of bonds
680,444

 
—

 
—

 
680,444

Other interest income
150,882

 
—

 
—

 
150,882

Other income
557,300

 
(1,972
)
 
—

 
555,328

     Total revenues
21,834,722

 
4,805,746

 
(1,520,817
)
 
25,119,651

Expenses:


 


 


 


Real estate operating (exclusive of items shown below)
4,604,870

 
3,273,061

 
—

 
7,877,931

Provision for loss on receivables
452,700

 
—

 
—

 
452,700

Depreciation and amortization
3,447,316

 
1,578,275

 
(43,561
)
 
4,982,030

Interest
5,530,995

 
3,240,306

 
(3,240,306
)
 
5,530,995

General and administrative
3,512,233

 
—

 
—

 
3,512,233

    Total expenses
17,548,114

 
8,091,642

 
(3,283,867
)
 
22,355,889

Income (loss) from continuing operations
4,286,608

 
(3,285,896
)
 
1,763,050

 
2,763,762

Income from discontinued operations (including gain on sale of MF Property of $1,406,608 in 2012)
2,232,276

 
—

 
—

 
2,232,276

Net income (loss)
6,518,884

 
(3,285,896
)
 
1,763,050

 
4,996,038

Net income attributable to noncontrolling interest
549,194

 
—

 
—

 
549,194

Net income (loss) - America First Tax Exempt Investors, L. P.
$
5,969,690

 
$
(3,285,896
)
 
$
1,763,050

 
$
4,446,844

 
 
 Partnership For the Year Ended December 31, 2011
 
 Consolidated VIEs For the Year Ended December 31, 2011
 
 Consolidation -Elimination For the Year Ended December 31, 2011
 
 Total For the Year Ended December 31, 2011
Revenues:
 
 
 
 
 
 
 
Property revenues
$
5,066,443

 
$
5,909,807

 
$
—

 
$
10,976,250

Investment income
11,515,237

 
—

 
(2,017,956
)
 
9,497,281

Gain on bond retirement
445,257

 
—

 
—

 
445,257

Other interest income
485,679

 
—

 
—

 
485,679

Other income
189,340

 
4,133,477

 
(4,028,489
)
 
294,328

     Total Revenues
17,701,956

 
10,043,284

 
(6,046,445
)
 
21,698,795

Expenses:
 
 
 
 
 
 
 
Real estate operating (exclusive of items shown below)
3,154,290

 
3,604,417

 
—

 
6,758,707

Provision for loss on receivables
952,700

 
—

 
—

 
952,700

Provision for loan loss
4,242,571

 
—

 
—

 
4,242,571

Depreciation and amortization
2,281,541

 
1,718,899

 
(36,938
)
 
3,963,502

Interest
5,441,700

 
4,037,725

 
(4,037,725
)
 
5,441,700

General and administrative
2,764,970

 
—

 
—

 
2,764,970

    Total Expenses
18,837,772

 
9,361,041

 
(4,074,663
)
 
24,124,150

Loss (income) from continuing operations
(1,135,816
)
 
682,243

 
(1,971,782
)
 
(2,425,355
)
Income from discontinued operations
752,192

 
 
 
 
 
752,192

Net (loss) income
(383,624
)
 
682,243

 
(1,971,782
)
 
(1,673,163
)
Net income attributable to noncontrolling interest
570,759

 
—

 
—

 
570,759

Net (loss) income - America First Tax Exempt Investors, L. P.
$
(954,383
)
 
$
682,243

 
$
(1,971,782
)
 
$
(2,243,922
)
 
 Partnership For the Year Ended December 31, 2010
 
 Consolidated VIEs For the Year Ended December 31, 2010
 
 Consolidation -Elimination For the Year Ended December 31, 2010
 
 Total For the Year Ended December 31, 2010
Revenues:
 
 
 
 
 
 
 
Property revenues
$
1,619,229

 
$
7,487,438

 
$
—

 
$
9,106,667

Investment income
10,223,269

 
—

 
(3,341,955
)
 
6,881,314

Other interest income
488,427

 
—

 
(32,805
)
 
455,622

Gain on early extinguishment of debt
435,395

 
—

 
—

 
435,395

     Total Revenues
12,766,320

 
7,487,438

 
(3,374,760
)
 
16,878,998

Expenses:


 


 


 


Real estate operating (exclusive of items shown below)
961,221

 
5,099,455

 
—

 
6,060,676

Provision for loan loss
1,147,716

 
—

 
(585,331
)
 
562,385

Asset impairment charge - Weatherford
2,716,330

 
2,767,070

 
(2,954,548
)
 
2,528,852

Depreciation and amortization
1,337,859

 
2,305,313

 
(53,021
)
 
3,590,151

Interest
1,887,823

 
5,546,229

 
(5,546,229
)
 
1,887,823

General and administrative
2,383,784

 
—

 
—

 
2,383,784

    Total Expenses
10,434,733

 
15,718,067

 
(9,139,129
)
 
17,013,671

Net income (loss) from continuing operations
2,331,587

 
(8,230,629
)
 
5,764,369

 
(134,673
)
Net loss from discontinued operations
(469,518
)
 
—

 
—

 
(469,518
)
Net income (loss)
1,862,069

 
(8,230,629
)
 
5,764,369

 
(604,191
)
Net loss attributable to noncontrolling interest
(203,831
)
 
—

 
—

 
(203,831
)
Net income (loss) - America First Tax Exempt Investors, L. P.
$
2,065,900

 
$
(8,230,629
)
 
$
5,764,369

 
$
(400,360
)
Schedule of Condensed Balance Sheet [Table Text Block]
Consolidating Balance Sheets as of December 31, 2012 and 2011:
 
 
Partnership as of December 31, 2012
 
 Consolidated VIEs as of December 31, 2012
 
 Consolidation -Elimination as of December 31, 2012
 
 Total as of December 31, 2012
Assets
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
30,123,447

 
$
49,326

 
$
—

 
$
30,172,773

Restricted cash
 
4,538,071

 
933,451

 
—

 
5,471,522

Interest receivable
 
14,131,063

 
—

 
(5,657,703
)
 
8,473,360

Tax-exempt mortgage revenue bonds held in trust
 
124,149,600

 
—

 
(24,615,518
)
 
99,534,082

Tax-exempt mortgage revenue bonds
 
45,703,294

 
—

 
—

 
45,703,294

Public housing capital fund trusts
 
65,389,298

 
—

 
—

 
65,389,298

Mortgage-backed securities
 
32,121,412

 
—

 
—

 
32,121,412

Real estate assets:
 
 
 
 
 
 
 
 
Land
 
6,798,407

 
4,404,469

 
—

 
11,202,876

Buildings and improvements
 
55,776,753

 
37,838,726

 
—

 
93,615,479

Real estate assets before accumulated depreciation
 
62,575,160

 
42,243,195

 
—

 
104,818,355

Accumulated depreciation
 
(5,458,961
)
 
(13,871,102
)
 
—

 
(19,330,063
)
Net real estate assets
 
57,116,199

 
28,372,093

 
—

 
85,488,292

Other assets
 
22,923,356

 
852,321

 
(15,559,382
)
 
8,216,295

Assets of discontinued operations
 
32,580,427

 
—

 
—

 
32,580,427

Total Assets
 
$
428,776,167

 
$
30,207,191

 
$
(45,832,603
)
 
$
413,150,755

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Accounts payable, accrued expenses and other liabilities
 
$
2,330,852

 
$
28,529,405

 
$
(25,846,310
)
 
$
5,013,947

Distribution payable
 
5,566,908

 
—

 
—

 
5,566,908

Debt financing
 
177,948,000

 
—

 
—

 
177,948,000

Mortgage payable
 
39,119,507

 
24,158,000

 
(24,158,000
)
 
39,119,507

Liabilities of discontinued operations
 
1,531,462

 
—

 
—

 
1,531,462

Total Liabilities
 
226,496,729

 
52,687,405

 
(50,004,310
)
 
229,179,824

Partners' Capital
 
 
 
 
 
 
 
 
General Partner
 
(430,087
)
 
—

 
—

 
(430,087
)
Beneficial Unit Certificate holders
 
200,655,786

 
—

 
6,727,301

 
207,383,087

Unallocated deficit of Consolidated VIEs
 
—

 
(22,480,214
)
 
(2,555,594
)
 
(25,035,808
)
Total Partners' Capital
 
200,225,699

 
(22,480,214
)
 
4,171,707

 
181,917,192

Noncontrolling interest
 
2,053,739

 
—

 
—

 
2,053,739

Total Capital
 
202,279,438

 
(22,480,214
)
 
4,171,707

 
183,970,931

Total Liabilities and Partners' Capital
 
$
428,776,167

 
$
30,207,191

 
$
(45,832,603
)
 
$
413,150,755

 
 
 
 Partnership as of December 31, 2011
 
 Consolidated VIEs as of December 31, 2011
 
 Consolidation -Elimination as of December 31, 2011
 
 Total as of December 31, 2011
Assets
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
20,074,123

 
$
12,718

 
$
—

 
$
20,086,841

Restricted cash
 
11,967,308

 
937,053

 
—

 
12,904,361

Interest receivable
 
11,395,266

 
—

 
(4,410,288
)
 
6,984,978

Tax-exempt mortgage revenue bonds held in trust
 
132,920,723

 
—

 
(23,767,936
)
 
109,152,787

Tax-exempt mortgage revenue bonds
 
26,542,565

 
—

 
—

 
26,542,565

Real estate assets:
 
 
 
 
 
 
 
 
Land
 
5,063,116

 
3,250,044

 
—

 
8,313,160

Buildings and improvements
 
50,653,712

 
31,607,993

 
—

 
82,261,705

Real estate assets before accumulated depreciation
 
55,716,828

 
34,858,037

 
—

 
90,574,865

Accumulated depreciation
 
(2,973,597
)
 
(12,332,334
)
 
—

 
(15,305,931
)
Net real estate assets
 
52,743,231

 
22,525,703

 
—

 
75,268,934

Other assets
 
19,552,919

 
839,879

 
(10,851,419
)
 
9,541,379

Assets of discontinued operations
 
37,494,700

 
—

 
—

 
37,494,700

Total Assets
 
$
312,690,835

 
$
24,315,353

 
$
(39,029,643
)
 
$
297,976,545

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Accounts payable, accrued expenses and other liabilities
 
$
1,490,994

 
$
24,780,781

 
$
(23,805,990
)
 
$
2,465,785

Distribution payable
 
3,911,340

 
—

 
—

 
3,911,340

Debt financing
 
112,673,000

 
—

 
—

 
112,673,000

Mortgages payable
 
35,464,455

 
24,407,000

 
(24,407,000
)
 
35,464,455

Liabilities of discontinued operations
 
11,872,920

 
—

 
—

 
11,872,920

Total Liabilities
 
165,412,709

 
49,187,781

 
(48,212,990
)
 
166,387,500

Partners' Capital
 
 
 
 
 
 
 
 
General Partner
 
(354,006
)
 
—

 
—

 
(354,006
)
Beneficial Unit Certificate holders
 
147,087,347

 
—

 
7,823,881

 
154,911,228

Unallocated deficit of Consolidated VIEs
 
—

 
(24,872,428
)
 
1,359,466

 
(23,512,962
)
Total Partners' Capital
 
146,733,341

 
(24,872,428
)
 
9,183,347

 
131,044,260

Noncontrolling interest
 
544,785

 
—

 
—

 
544,785

Total Capital
 
147,278,126

 
(24,872,428
)
 
9,183,347

 
131,589,045

Total Liabilities and Partners' Capital
 
$
312,690,835

 
$
24,315,353

 
$
(39,029,643
)
 
$
297,976,545



A condensed balance sheet at the date of acquisition for each of the 2011 acquisitions is included below.
  
 
 
Eagle Village 6/29/2011 (Date of acquisition)
Cash and cash equivalents
 
$
244,923

Restricted cash
 
589,493

Other current assets
 
46,380

In-place lease assets
 
96,829

Real estate assets
 
12,383,605

Finance costs
 
108,060

Total Assets
 
$
13,469,290

Accounts payable, accrued expenses and other
 
$
278,230

Mortgage payable
 
8,925,000

Net assets
 
4,266,060

Total liabilities and net assets
 
$
13,469,290


 
 
Arboretum 3/31/2011 (Date of acquisition)
Cash and cash equivalents
 
$
186,575

Restricted cash
 
429,231

Other current assets
 
116,631

Real estate assets
 
20,031,050

Finance costs
 
181,565

Total Assets
 
$
20,945,052

Mortgage payable
 
$
17,500,000

Net assets
 
3,445,052

Total liabilities and net assets
 
$
20,945,052

A condensed balance sheet at the date of acquisition for each of the Maples on 97th acquisitions is below.
 
 
Maples on 97th 8/29/2012 (Date of acquisition)
Other current assets
 
$
44,534

In-place lease assets
 
428,865

Real estate assets
 
5,071,135

Total Assets
 
$
5,544,534

Accounts payable, accrued expenses and other
 
69,120

Net assets
 
5,475,414

Total liabilities and net assets
 
$
5,544,534