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Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The following table details certain key financial information for the Company’s reportable segments for the three months ended March 31, 2013 and March 31, 2012 and as of December 31, 2012:
 
 
 For the Three Months Ended
 
 
March 31, 2013
 
March 31, 2012
 Total revenues
 
 
 
 
 Tax-Exempt Bond Investments
 
$
8,443,527

 
$
2,792,422

 MF Properties
 
2,519,739

 
1,765,491

 Public Housing Capital Fund Trust Certificates
 
815,429

 
—

 Mortgage-Backed Securities
 
330,354

 
—

 Consolidated VIEs
 
1,213,069

 
1,194,909

 Consolidation/eliminations
 
(377,709
)
 
(381,673
)
 Total revenues
 
$
12,944,409

 
$
5,371,149

 
 
 
 
 
 Interest expense
 
 
 
 
 Tax-Exempt Bond Investments
 
$
658,497

 
$
907,520

 MF Properties
 
503,005

 
361,296

 Public Housing Capital Fund Trust Certificates
 
277,860

 
—

 Mortgage-Backed Securities
 
96,911

 
—

 Consolidated VIEs
 
819,163

 
799,142

 Consolidation/eliminations
 
(819,163
)
 
(799,142
)
 Total interest expense
 
$
1,536,273

 
$
1,268,816

 
 
 
 
 
 Depreciation expense
 
 
 
 
 Tax-Exempt Bond Investments
 
$
—

 
$
—

 MF Properties
 
849,320

 
532,534

 Public Housing Capital Fund Trust Certificates
 
—

 
—

 Mortgage-Backed Securities
 
—

 
—

 Consolidated VIEs
 
345,308

 
347,472

 Consolidation/eliminations
 
—

 
—

 Total depreciation expense
 
$
1,194,628

 
$
880,006

 
 
 
 
 
Income (loss) from continuing operations
 
 
 
 
 Tax-Exempt Bond Investments
 
$
6,421,412

 
$
853,002

 MF Properties
 
(364,494
)
 
(78,707
)
 Public Housing Capital Fund Trust Certificates
 
530,458

 
—

 Mortgage-Backed Securities
 
214,641

 
—

 Consolidated VIEs
 
(693,232
)
 
(668,260
)
 Consolidation/eliminations
 
452,273

 
428,401

Income from continuing operations
 
$
6,561,058

 
$
534,436

 
 
 
 
 
 Net income (loss)
 
 
 
 
 Tax-Exempt Bond Investments
 
$
6,421,412

 
$
853,002

 MF Properties
 
1,395,874

 
17,289

 Public Housing Capital Fund Trust Certificates
 
530,458

 
—

 Mortgage-Backed Securities
 
214,641

 
—

 Consolidated VIEs
 
(693,232
)
 
(668,260
)
 Consolidation/eliminations
 
452,273

 
428,401

Net income - America First Tax Exempt Investors, L. P.
 
$
8,321,426

 
$
630,432

 
 
 
 
 

 
 
March 31, 2013
 
December 31, 2012
 Total assets
 
 
 
 
 Tax-Exempt Bond Investments
 
$
371,418,912

 
$
357,606,420

 MF Properties
 
54,377,118

 
51,379,479

 Public Housing Capital Fund Trusts
 
65,140,026

 
65,811,361

 Mortgage-Backed Securities
 
34,536,174

 
32,488,363

 Discontinued Operations
 
9,963,239

 
32,580,427

 Consolidated VIEs
 
22,835,453

 
30,207,191

 Consolidation/eliminations
 
(116,224,440
)
 
(156,922,486
)
 Total assets
 
$
442,046,482

 
$
413,150,755

 
 
 
 
 
 Total partners' capital
 
 
 
 
 Tax-Exempt Bond Investments
 
$
220,926,351

 
$
221,665,286

 MF Properties
 
3,890,769

 
6,643,315

 Public Housing Capital Fund Trusts
 
16,049,319

 
16,720,915

 Mortgage-Backed Securities
 
7,713,076

 
7,334,399

 Consolidated VIEs
 
(28,470,580
)
 
(22,480,214
)
 Consolidation/eliminations
 
(31,063,953
)
 
(47,966,509
)
 Total partners' capital
 
$
189,044,982

 
$
181,917,192