Debt Financing (Tables)

12 Months Ended

Dec. 31, 2013

Debt Financing [Abstract]

Schedule of Securities Financing Transactions [Table Text Block]

The par value of the mortgage revenue bonds included in this financing facility as of December 31, 2013 and 2012 are as follows:

	Outstanding Bond Par Amounts
Description of Mortgage
Revenue Bonds	December 31, 2013		December 31, 2012		Financial Statement Presentation
Ashley Square	$	5,212,000	$	5,260,000	Mortgage revenue bond
Bella Vista	6,545,000		6,600,000		Mortgage revenue bond
Bent Tree	7,542,000		7,614,000		Consolidated VIE
Bridle Ridge	7,715,000		7,765,000		Mortgage revenue bond
Brookstone	9,338,603		9,416,794		Mortgage revenue bond
Cross Creek	8,497,933		8,568,409		Mortgage revenue bond
Fairmont Oaks	7,355,000		7,439,000		Consolidated VIE
Lake Forest	8,997,000		9,105,000		Mortgage revenue bond-2013/Consolidated VIE-2012
Runnymede	10,525,000		10,605,000		Mortgage revenue bond
South Park	13,795,000		13,900,000		Mortgage revenue bond
Woodlynn Village	4,426,000		4,460,000		Mortgage revenue bond
Ohio Series A Bond (1)	14,498,000		14,582,000		Mortgage revenue bond
Villages at Lost Creek	18,090,000		18,315,000		Mortgage revenue bond
Total	$	122,536,536	$	123,630,203

Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]

On June 29, 2013 the Partnership retired this debt facility.

Tender Option Bond Financings

Description of the Tender Option Bond Financings	Outstanding Debt Financing at December 31, 2013		Year Acquired	Stated Maturity	Year End Rates
PHC Certificates-TOB Trust	$	48,995,000	2012	June 2014	2.32	%
Autumn Pines-TOB Trust	9,770,000		2011	July 2014	1.96	%
MBS - TOB Trust 1	2,585,000		2012	April 2014	1.21	%
MBS - TOB Trust 2	4,090,000		2012	April 2014	1.29	%
MBS - TOB Trust 3	2,865,000		2012	April 2014	1.22	%
MBS - TOB Trust 4	5,960,000		2012	April 2014	1.23	%
MBS - TOB Trust 5	10,545,000		2012	April 2014	1.27	%
Greens of Pine Glen - TOB Trust	5,700,000		2013	June 2014	2.40	%
Arbors of Hickory Ridge - TOB Trust	7,000,000		2013	August 2014	2.40	%
MBS - TOB Trust 6	7,825,000		2013	August 2014	1.02	%
Avistar (February 2013 portfolio) - TOB Trust (1)	20,000,000		2013	June 2014	2.21	%
Avistar (June 2013 portfolio) - TOB Trust (2)	13,210,000		2013	October 2014	2.21	%
The Suites on Paseo - TOB Trust	25,750,000		2013	December 2014	1.96	%
Total Debt Financing	$	164,295,000
Description of the Tender Option Bond Financings	Outstanding Debt Financing at December 31, 2012		Year Acquired	Stated Maturity	Year End Rates
PHC Certificates-TOB Trust	$	48,995,000	2012	July 2013	2.30	%
Autumn Pines-TOB Trust	9,850,000		2011	July 2013	2.05	%
MBS - TOB Trust 1	2,585,000		2012	October 2013	1.31	%
MBS - TOB Trust 2	4,090,000		2012	October 2013	1.29	%
MBS - TOB Trust 3	3,890,000		2012	October 2013	1.32	%
MBS - TOB Trust 4	5,960,000		2012	October 2013	1.29	%
MBS - TOB Trust 5	8,590,000		2012	October 2013	1.28	%
Total Debt Financing	$	83,960,000

The following is a summary of the Mortgage Loans payable on MF Properties:

MF Property Mortgage Payables	Outstanding Mortgage Payable at December 31, 2013		Year Acquired	Stated Maturity	Effective Rate (1)
Arboretum	$	17,500,000	2011	March 2014	5.32	%
Eagle Village	8,828,435		2010	June 2014	4.04	%
Glynn Place	1,845,058		2008	May 2014	2.81	%
Maples on 97th	7,500,000		2013	March 2016	3.47	%
Residences of DeCordova	1,948,064		2012	February 2017	5.00	%
Residences of Weatherford	6,268,311		2011	July 2015	5.90	%
The 50/50 Student Housing at UNL	7,177,438		2013	March 2020	3.25	%
Woodland Park	6,020,014		2013	March 2014	2.97	%
Total Mortgage Payable	$	57,087,320
MF Property Mortgage Payables	Outstanding Mortgage Payable at December 31, 2012		Year Acquired	Stated Maturity	Effective Rate (1)
Arboretum	$	17,500,000	2011	March 2014	5.25	%
Eagle Village	8,925,000		2010	June 2013	3.50	%
Glynn Place	4,252,836		2008	May 2013	2.78	%
Residences of DeCordova	1,995,628		2012	February 2017	5.01	%
Residences of Weatherford	6,446,043		2011	July 2015	5.84	%
Total Mortgage Payable	$	39,119,507

Schedule of Maturities of Long-term Debt [Table Text Block]

The Company's aggregate borrowings as of December 31, 2013 contractually mature over the next five years and thereafter as follows:

2014	$	165,378,000
2015	1,139,000
2016	1,192,000
2017	89,565,000
2018	—
Thereafter	—
Total	$	257,274,000

The Company's mortgages payable as of December 31, 2013, contractually mature over the next five years and thereafter as follows:

2014	$	34,371,238
2015	6,308,490
2016	7,282,090
2017	1,948,064
2018	—
Thereafter	7,177,438
Total	$	57,087,320