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Public Housing Capital Fund Trusts Public Housing Capital Fund Trusts (Tables)
 3 Months Ended
Mar. 31, 2013
Public Housing Capital Fund Trusts [Abstract]  
Marketable Securities [Table Text Block]
The following table sets forth certain information relating to the PHC Certificates held in the PHC TOB Trusts:
 
 
Weighted Average Lives (Years)
 
Investment Rating
 
Weighted Average Interest Rate over Life
 
Principal Outstanding
Public Housing Capital Fund Trust Certificate I
 
12.75
 
AA-
 
5.330
%
 
$
26,406,558

Public Housing Capital Fund Trust Certificate II
 
12.3
 
AA-
 
4.240
%
 
17,959,713

Public Housing Capital Fund Trust Certificate III
 
13.3
 
BBB
 
5.410
%
 
20,898,432

Total Public Housing Capital Fund Trust Certificates
 
 
 
 
 
 
 
$
65,264,703

Description of certain terms of the Company's MBS is as follows:
 
Agency Rating of MBS
 
Principal Outstanding March 31, 2013
 
Weighted Average Maturity Date
 
Weighted Average Coupon Interest Rate
 
 
 
"AAA"
 
$
12,675,000

 
January 14, 2036
 
4.22
%
 
"AA"
 
20,990,000

 
January 18, 2036
 
4.00
%
 
 
 
$
33,665,000

 
 
 
 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
Description of Public Housing Capital Fund Trust Certificates
 
Cost adjusted for amortization of premium and discounts
 
Unrealized Gain
 
Unrealized Loss
 
Estimated Fair Value
 
 
 
 
 
 
 
 
 
Public Housing Capital Fund Trust I
 
$
28,084,264

 
$
—

 
$
(286,080
)
 
$
27,798,184

Public Housing Capital Fund Trust II
 
17,453,830

 
—

 
(458,374
)
 
16,995,456

Public Housing Capital Fund Trust III
 
20,405,410

 
—

 
(585,337
)
 
19,820,073

 
 
$
65,943,504

 
$
—

 
$
(1,329,791
)
 
$
64,613,713


The Company had the following investments in the PHC Certificates on December 31, 2012:
Description of Public Housing Capital Fund Trust Certificates
 
Cost adjusted for amortization of premium and discounts
 
Unrealized Gain
 
Unrealized Loss
 
Estimated Fair Value
 
 
 
 
 
 
 
 
 
Public Housing Capital Fund Trust Certificate I
 
$
28,119,176

 
$
—

 
$
(48,477
)
 
$
28,070,699

Public Housing Capital Fund Trust Certificate II
 
17,442,860

 
—

 
(109,223
)
 
17,333,637

Public Housing Capital Fund Trust Certificate III
 
20,395,597

 
—

 
(410,635
)
 
19,984,962

 
 
$
65,957,633

 
$
—

 
$
(568,335
)
 
$
65,389,298