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Variable Interest Entities Consolidating Balance Sheet (Details) (USD $)
Feb. 28, 2013
Dec. 31, 2012
Sep. 30, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Assets [Abstract]            
Cash and cash equivalents   $ 30,172,773   $ 20,086,841    
Restricted cash   5,471,522   12,904,361    
Interest receivable   8,473,360   6,984,978    
Tax-exempt mortgage revenue bonds held in trust, at fair value   99,534,082   109,152,787    
Tax-exempt mortgage revenue bonds, at fair value   45,703,294 45,703,294 26,542,565    
Public housing capital fund trusts, at fair value   65,389,298   0    
Mortgage backed securities, at fair value   32,121,412   0    
Real Estate Assets [Abstract]            
Land   11,202,876   8,313,160    
Buildings and improvements   93,615,479   82,261,705    
Real estate assets before accumulated depreciation   104,818,355   90,574,865    
Accumulated depreciation   (19,330,063)   (15,305,931)    
Net real estate assets   85,488,292   75,268,934    
Other Assets   8,216,295   9,541,379    
Assets of discontinued operations   32,580,427   37,494,700    
Assets   413,150,755   297,976,545 241,607,249  
Liabilities            
Accounts payable, accrued expenses and other liabilities   5,013,947   2,465,785    
Distribution payable   5,566,908   3,911,340    
Debt financing   177,948,000   112,673,000    
Mortgages payable 7,500,000 39,119,507   35,464,455    
Liabilities of discontinued operations   1,531,462   11,872,920    
Liabilities   229,179,824   166,387,500    
General Partner   (430,087)   (354,006)    
Beneficial Unit Certificate holders   207,383,087   154,911,228    
Unallocated deficit of Consolidated VIEs   (25,035,808)   (23,512,962)    
Total Partners' Capital   181,917,192   131,044,260 128,162,891  
Noncontrolling interest   2,053,739   544,785    
Total Capital   183,970,931   131,589,045 128,021,565 98,600,740
Total Liabilities and Partners' Capital   413,150,755   297,976,545    
Partnership [Member]
           
Assets [Abstract]            
Cash and cash equivalents   30,123,447   20,074,123    
Restricted cash   4,538,071   11,967,308    
Interest receivable   14,131,063   11,395,266    
Tax-exempt mortgage revenue bonds held in trust, at fair value   124,149,600   132,920,723    
Tax-exempt mortgage revenue bonds, at fair value   45,703,294   26,542,565    
Public housing capital fund trusts, at fair value   65,389,298        
Mortgage backed securities, at fair value   32,121,412        
Real Estate Assets [Abstract]            
Land   6,798,407   5,063,116    
Buildings and improvements   55,776,753   50,653,712    
Real estate assets before accumulated depreciation   62,575,160   55,716,828    
Accumulated depreciation   (5,458,961)   (2,973,597)    
Net real estate assets   57,116,199   52,743,231    
Other Assets   22,923,356   19,552,919    
Assets of discontinued operations   32,580,427   37,494,700    
Assets   428,776,167   312,690,835    
Liabilities            
Accounts payable, accrued expenses and other liabilities   2,330,852   1,490,994    
Distribution payable   5,566,908   3,911,340    
Debt financing   177,948,000   112,673,000    
Mortgages payable   39,119,507   35,464,455    
Liabilities of discontinued operations   1,531,462   11,872,920    
Liabilities   226,496,729   165,412,709    
General Partner   (430,087)   (354,006)    
Beneficial Unit Certificate holders   200,655,786   147,087,347    
Unallocated deficit of Consolidated VIEs   0   0    
Total Partners' Capital   200,225,699   146,733,341    
Noncontrolling interest   2,053,739   544,785    
Total Capital   202,279,438   147,278,126    
Total Liabilities and Partners' Capital   428,776,167   312,690,835    
Consolidated VIEs [Member]
           
Assets [Abstract]            
Cash and cash equivalents   49,326   12,718    
Restricted cash   933,451   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    
Public housing capital fund trusts, at fair value   0        
Mortgage backed securities, at fair value   0        
Real Estate Assets [Abstract]            
Land   4,404,469   3,250,044    
Buildings and improvements   37,838,726   31,607,993    
Real estate assets before accumulated depreciation   42,243,195   34,858,037    
Accumulated depreciation   (13,871,102)   (12,332,334)    
Net real estate assets   28,372,093   22,525,703    
Other Assets   852,321   839,879    
Assets of discontinued operations   0   0    
Assets   30,207,191   24,315,353 47,504,227  
Liabilities            
Accounts payable, accrued expenses and other liabilities   28,529,405   24,780,781    
Distribution payable   0   0    
Debt financing   0   0    
Mortgages payable   24,158,000   24,407,000    
Liabilities of discontinued operations   0   0    
Liabilities   52,687,405   49,187,781    
General Partner   0   0    
Beneficial Unit Certificate holders   0   0    
Unallocated deficit of Consolidated VIEs   (22,480,214)   (24,872,428)    
Total Partners' Capital   (22,480,214)   (24,872,428) (41,635,836)  
Noncontrolling interest   0   0    
Total Capital   (22,480,214)   (24,872,428)    
Total Liabilities and Partners' Capital   30,207,191   24,315,353    
Consolidations, Eliminations for VIEs [Member]
           
Assets [Abstract]            
Cash and cash equivalents   0   0    
Restricted cash   0   0    
Interest receivable   (5,657,703)   (4,410,288)    
Tax-exempt mortgage revenue bonds held in trust, at fair value   (24,615,518)   (23,767,936)    
Tax-exempt mortgage revenue bonds, at fair value   0   0    
Public housing capital fund trusts, at fair value   0        
Mortgage backed securities, at fair value   0        
Real Estate Assets [Abstract]            
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   (15,559,382)   (10,851,419)    
Assets of discontinued operations   0   0    
Assets   (45,832,603)   (39,029,643)    
Liabilities            
Accounts payable, accrued expenses and other liabilities   (25,846,310)   (23,805,990)    
Distribution payable   0   0    
Debt financing   0   0    
Mortgages payable   (24,158,000)   (24,407,000)    
Liabilities of discontinued operations   0   0    
Liabilities   (50,004,310)   (48,212,990)    
General Partner   0   0    
Beneficial Unit Certificate holders   6,727,301   7,823,881    
Unallocated deficit of Consolidated VIEs   (2,555,594)   1,359,466    
Total Partners' Capital   4,171,707   9,183,347    
Noncontrolling interest   0   0    
Total Capital   4,171,707   9,183,347    
Total Liabilities and Partners' Capital   $ (45,832,603)   $ (39,029,643)