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Other Assets (Tables)
 12 Months Ended
Dec. 31, 2013
Other Assets [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
the Partnership has made taxable property loans to these consolidated VIEs of $7.1 million and $10.6 million as of December 31, 2013 and 2012, respectively.
VIEs - December 31, 2013
 
 
 
 
 
 
Base
 
Principal
 
Income
 
 
 
 
Maturity
 
Interest
 
Outstanding at
 
Earned in
Property Name
 
Location
 
Date
 
Rate
 
December 31, 2013
 
2013
Bent Tree Apartments (1)
 
Columbia, SC
 
12/15/2030
 
6.25
%
 
$
7,542,000

 
$
473,438

Fairmont Oaks Apartments (1)
 
Gainsville, FL
 
4/1/2033
 
6.30
%
 
7,355,000

 
465,791

Total Mortgage Revenue Bonds
 
 
 
 
 
 
 
$
14,897,000

 
$
939,229

(1) Bonds held by ATAX TEBS I, LLC
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)
 
Gainesville, 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 Mortgage Revenue Bonds
 
 
 
 
 
 
 
$
24,158,000

 
$
1,520,818

(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, 2013 and 2012; :
 
December 31, 2013
 
Outstanding Balance
 
Accrued Interest
 
Loan Loss Reserves
 
Net Taxable Loans
Arbors at Hickory Ridge
$
191,264

 
$
12,979

 
$
—

 
$
204,243

Ashley Square
5,078,342

 
2,053,415

 
(5,649,757
)
 
1,482,000

Cross Creek
6,821,087

 
1,825,389

 
(5,197,861
)
 
3,448,615

Greens Property
876,000

 
130,563

 
(921
)
 
1,005,642

Foundation for Affordable Housing
1,603,083

 
13,989

 
—

 
1,617,072

Lake Forest
4,618,704

 
2,148,881

 
(2,183,046
)
 
4,584,539

Ohio Properties
2,361,447

 
585,377

 
(186,706
)
 
2,760,118

 
$
21,549,927

 
$
6,770,593

 
$
(13,218,291
)
 
$
15,102,229

 
 
 
 
 
 
 
 
 
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
Schedule of Other Assets [Table Text Block]
The Company had the following Other Assets as of dates shown:
 
 
December 31, 2013
 
December 31, 2012
Property loans receivable
 
$
21,549,927

 
$
20,328,927

Less: Loan loss reserves
 
(13,218,291
)
 
(18,134,902
)
Deferred financing costs - net
 
2,503,679

 
2,764,734

Fair value of derivative contracts
 
888,120

 
378,729

Taxable bonds at fair market value
 
4,075,953

 
1,524,873

Land held for sale
 
1,465,000

 
375,000

Other assets
 
899,426

 
978,934

 Total Other Assets
 
$
18,163,814

 
$
8,216,295
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:
 
 
2013
 
2012
 
2011
Balance, beginning of year
 
$
18,134,902

 
$
16,782,918

 
$
9,899,719

Realized loss on taxable loan - Iona Lakes
 
(7,216,484
)
 
—

 
—

Provision for loan loss
 
168,000

 
—

 
4,242,571

Deconsolidation of VIEs
 
2,146,974

 
—

 
1,861,051

Write off due to foreclosure
 
(1,278,124
)
 
—

 
—

Accrued interest not recognized
 
1,263,023

 
1,351,984

 
779,577

Balance, end of year
 
$
13,218,291

 
$
18,134,902

 
$
16,782,918