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Other Assets (Tables)
 3 Months Ended
Mar. 31, 2015
Other Assets [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
The following is a summary of the property loans receivable, accrued interest and loan loss reserves on the amounts due at March 31, 2015 and December 31, 2014, respectively:
 
 
March 31, 2015
 
 
Outstanding Balance
 
Accrued Interest
 
Loan Loss Reserves
 
Interest Allowance
 
Net Property Loans
Arbors at Hickory Ridge
 
$
191,264

 
$
29,442

 
$
—

 
$
—

 
$
220,706

Ashley Square
 
5,078,342

 
2,557,178

 
(3,596,342
)
 
(2,557,178
)
 
1,482,000

Avistar (February 2013 portfolio)
 
274,496

 
25,199

 
—

 
—

 
299,695

Avistar (June 2013 portfolio)
 
251,622

 
23,099

 
—

 
—

 
274,721

Cross Creek
 
7,033,587

 
2,151,317

 
(3,447,472
)
 
(2,151,317
)
 
3,586,115

Foundation for Affordable Housing
 
1,542,391

 
—

 
—

 
—

 
1,542,391

Greens Property
 
850,000

 
258,376

 
—

 
—

 
1,108,376

Lake Forest
 
4,618,704

 
2,716,910

 
(55,000
)
 
(2,696,076
)
 
4,584,538

Ohio Properties
 
2,390,446

 
976,156

 
—

 
(340,093
)
 
3,026,509

 
 
$
22,230,852

 
$
8,737,677

 
$
(7,098,814
)
 
$
(7,744,664
)
 
$
16,125,051


 
 
December 31, 2014
 
 
Outstanding Balance
 
Accrued Interest
 
Loan Loss Reserves
 
Interest Allowance
 
Net Property Loans
Arbors at Hickory Ridge
 
$
191,264

 
$
26,047

 
$
—

 
$
—

 
$
217,311

Ashley Square
 
5,078,342

 
2,455,660

 
(3,596,342
)
 
(2,455,660
)
 
1,482,000

Avistar (February 2013 portfolio)
 
274,496

 
16,470

 
—

 
—

 
290,966

Avistar (June 2013 portfolio)
 
251,622

 
15,097

 
—

 
—

 
266,719

Cross Creek
 
6,976,087

 
2,084,804

 
(3,447,472
)
 
(2,084,804
)
 
3,528,615

Foundation for Affordable Housing
 
1,560,553

 
1,735

 
—

 
—

 
1,562,288

Greens Property
 
850,000

 
231,342

 
—

 
—

 
1,081,342

Lake Forest
 
4,618,704

 
2,599,613

 
(55,000
)
 
(2,578,778
)
 
4,584,539

Ohio Properties
 
2,390,447

 
894,044

 
—

 
(307,832
)
 
2,976,659

 
 
$
22,191,515

 
$
8,324,812

 
$
(7,098,814
)
 
$
(7,427,074
)
 
$
15,990,439
Schedule of Other Assets [Table Text Block]
The Company had the following Other Assets as of dates shown:
 
 
March 31, 2015
 
December 31, 2014
Property loans receivable
 
$
22,230,852

 
$
22,191,515

Less: Loan loss reserves
 
(7,098,814
)
 
(7,098,814
)
Deferred financing costs - net
 
4,535,783

 
4,659,104

Fair value of derivative contracts
 
523,151

 
267,669

Taxable bonds at fair value
 
4,411,214

 
4,616,565

Bond purchase commitments - fair value adjustment (Notes 4 & 14)
 
5,204,188

 
5,780,413

Other assets
 
757,847

 
885,075

 Total Other assets
 
$
30,564,221

 
$
31,301,527
Schedule of Credit Losses for Financing Receivables, Current [Table Text Block]
The following is a detail of loan loss reserves for the first quarter ended March 31, 2015 and year ended December 31, 2014:
 
 
March 31, 2015
 
December 31, 2014
Balance, beginning of year
 
$
7,098,814

 
$
7,023,814

Provision for loan loss
 
—

 
75,000

Balance, end of year
 
$
7,098,814

 
$
7,098,814