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Other Assets (Tables)
 12 Months Ended
Dec. 31, 2012
Other Assets [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
Schedule of Other Assets [Table Text Block]
The Company had the following Other Assets as of dates shown:
 
 
December 31, 2012
 
December 31, 2011
Property loans receivable
 
$
20,328,927

 
$
19,808,803

Less: Loan loss reserves
 
(18,134,902
)
 
(16,782,918
)
Deferred financing costs - net
 
2,764,734

 
3,368,938

Fair value of derivative contracts
 
378,729

 
1,323,270

Taxable bonds at fair market value
 
1,524,873

 
774,946

Other assets
 
1,353,934

 
1,048,340

 Total Other Assets
 
$
8,216,295

 
$
9,541,379
Schedule of Credit Losses for Financing Receivables, Current [Table Text Block]
The following is a detail of loan loss reserves for the years ended December 31:
 
 
2012
 
2011
 
2010
Balance, beginning of year
 
$
16,782,918

 
$
9,899,719

 
$
735,719

Provision for loan loss
 
—

 
4,242,571

 
562,385

Deconsolidation of VIEs
 
—

 
1,861,051

 
7,589,901

Accrued interest not recognized
 
1,351,984

 
779,577

 
1,011,744

Balance, end of year
 
$
18,134,902

 
$
16,782,918

 
$
9,899,749