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Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2015
Commitments and Contingencies [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
As of March 31, 2015 and December 31, 2014 the forward bond purchase commitments outstanding and the related fair values are as follows:
Forward Bond Purchase Commitments
 
Date
 
Commitment Amount
 
Rate
 
Fair Value at March 31, 2015
 
Fair Value at December 31, 2014
15 West Apartments
 
July 2014
 
$
9,900,000

 
6.25
%
 
$
744,660

 
$
809,178

Plano at Gateway Apartments
 
December 2014
 
$
20,000,000

 
6.00
%
 
$
1,005,800

 
$
1,133,400

Silver Moon Apartments
 
June 2013
 
$
8,000,000

 
6.00
%
 
$
366,320

 
$
413,600

Vantage at Harlingen - B bonds
 
August 2013
 
$
18,000,000

 
6.00
%
 
$
1,278,900

 
$
1,433,700

Vantage at Judson - B bonds
 
December 2012
 
$
26,700,000

 
6.00
%
 
$
1,808,508

 
$
1,990,535