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Variable Interest Entities (Tables)
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Variable Interest Entities [Abstract]    
Variable Interest Entity, Classification of Carrying Amount, Assets [Table Text Block]
The following table presents information regarding the non-consolidated VIEs held by the Company on September 30, 2015:

 
September 30, 2015
 
 Balance Sheet Classification
 
 Maximum Exposure to Loss
 
 Mortgage Revenue Bond
 
Property Loan
 
 Mortgage Revenue Bond
 
Property Loan
Ashley Square Apartments
$
5,572,262

 
$
1,482,000

 
$
5,114,000

 
$
7,839,749

Bruton Apartments
19,648,516

 
—

 
18,145,000

 
—

Cross Creek
8,903,193

 
3,619,116

 
6,095,463

 
3,619,116

Glenview Apartments
6,850,865

 
—

 
6,723,000

 
—

Harden Ranch
7,531,277

 
—

 
6,960,000

 
—

Montclair Apartments
3,529,444

 
—

 
3,458,000

 
—

Santa Fe Apartments
4,867,300

 
—

 
4,736,000

 
—

Seasons at Simi Valley
6,539,709

 
—

 
6,320,000

 
—

Silver Moon Lodge Apartments
9,060,239

 
2,819,183

 
7,995,983

 
2,819,183

Tyler Park Apartments
6,478,195

 
—

 
6,075,000

 
—

Westside Village Market
4,233,487

 
—

 
3,970,000

 
—

 
$
83,214,487

 
$
7,920,299

 
$
75,592,446

 
$
14,278,048

  
Schedule of Condensed Income Statement [Table Text Block]
Condensed Consolidating Statements of Operations for the three and nine months ended September 30, 2015 and 2014:

 
 Partnership For the Three Months Ended September 30, 2015
 
 Consolidated VIEs For the Three Months Ended September 30, 2015
 
 Consolidation -Elimination For the Three Months Ended September 30, 2015
 
 Total For the Three Months Ended September 30, 2015
Revenues:
 
 
 
 
 
 
 
Property revenues
$
4,124,413

 
$
—

 
$
—

 
$
4,124,413

Investment income
8,485,518

 
—

 
—

 
8,485,518

Gain on sale of MF Property
1,187,807

 
—

 
—

 
1,187,807

Other interest income
287,134

 
—

 
—

 
287,134

Total revenues
14,084,872

 
—

 
—

 
14,084,872

Expenses:
 
 
 
 
 
 
 
Real estate operating (exclusive of items shown below)
2,933,278

 
—

 
—

 
2,933,278

Recovery of loss on receivables
(98,431
)
 
—

 
—

 
(98,431
)
Depreciation and amortization
1,829,026

 
—

 
—

 
1,829,026

Interest
4,754,119

 
—

 
—

 
4,754,119

General and administrative
2,380,497

 
—

 
—

 
2,380,497

Total expenses
11,798,489

 
—

 
—

 
11,798,489

Income from continuing operations
2,286,383

 
—

 
—

 
2,286,383

Income (loss) from discontinued operations
227,583

 
(334,164
)
 
360,475

 
253,894

Net income (loss)
2,513,966

 
(334,164
)
 
360,475

 
2,540,277

Net loss attributable to noncontrolling interest
(372
)
 
—

 
—

 
(372
)
Net income (loss) - America First Multifamily Investors, L. P.
$
2,514,338

 
$
(334,164
)
 
$
360,475

 
$
2,540,649

 
 
 
 
 
 
 
 
 
 Partnership For the Three Months Ended September 30, 2014
 
 Consolidated VIEs For the Three Months Ended September 30, 2014
 
 Consolidation -Elimination For the Three Months Ended September 30, 2014
 
 Total For the Three Months Ended September 30, 2014
Revenues:
 
 
 
 
 
 
 
Property revenues
$
3,675,140

 
$
—

 
$
—

 
$
3,675,140

Investment income
6,958,323

 
—

 
—

 
6,958,323

Other interest income
222,074

 
—

 
—

 
222,074

Other Income
188,000

 
—

 
—

 
188,000

Total revenues
11,043,537

 
—

 
—

 
11,043,537

Expenses:
 
 
 
 
 
 
 
Real estate operating (exclusive of items shown below)
2,091,706

 
—

 
—

 
2,091,706

Provision for loan loss
75,000

 
—

 
—

 
75,000

Depreciation and amortization
1,593,312

 
—

 
—

 
1,593,312

Interest
2,575,873

 
—

 
—

 
2,575,873

General and administrative
1,409,688

 
—

 
—

 
1,409,688

Total expenses
7,745,579

 
—

 
—

 
7,745,579

Income from continuing operations
3,297,958

 
—

 
—

 
3,297,958

Income (loss) from discontinued operations
171,954

 
(505,338
)
 
340,106

 
6,722

Net income (loss)
3,469,912

 
(505,338
)
 
340,106

 
3,304,680

Net loss attributable to noncontrolling interest
(3,149
)
 
—

 
—

 
(3,149
)
Net income (loss) - America First Multifamily Investors, L. P.
$
3,473,061

 
$
(505,338
)
 
$
340,106

 
$
3,307,829

 
 
 
 
 
 
 
 
 
 Partnership For the Nine Months Ended September 30, 2015
 
 Consolidated VIEs For the Nine Months Ended September 30, 2015
 
 Consolidation -Elimination For the Nine Months Ended September 30, 2015
 
 Total For the Nine Months Ended September 30, 2015
Revenues:
 
 
 
 
 
 
 
Property revenues
$
12,512,775

 
$
—

 
$
—

 
$
12,512,775

Investment income
25,853,963

 
—

 
—

 
25,853,963

Gain on sale of MF Properties
4,605,269

 
—

 
—

 
4,605,269

Other interest income
739,057

 
—

 
—

 
739,057

Total revenues
43,711,064

 
—

 
—

 
43,711,064

Expenses:
 
 
 
 
 
 
 
Real estate operating (exclusive of items shown below)
7,679,583

 
—

 
—

 
7,679,583

Depreciation and amortization
5,365,121

 
—

 
—

 
5,365,121

Interest
11,683,429

 
—

 
—

 
11,683,429

   General and administrative
6,214,093

 
—

 
—

 
6,214,093

Total expenses
30,942,226

 
—

 
—

 
30,942,226

Income from continuing operations
12,768,838

 
—

 
—

 
12,768,838

Income (loss) from discontinued operations
568,510

 
(1,119,191
)
 
1,067,290

 
516,609

Net income (loss)
13,337,348

 
(1,119,191
)
 
1,067,290

 
13,285,447

  Net loss attributable to noncontrolling interest
(952
)
 
—

 
—

 
(952
)
Net income (loss) - America First Multifamily Investors, L. P.
$
13,338,300

 
$
(1,119,191
)
 
$
1,067,290

 
$
13,286,399

 
 
 
 
 
 
 
 
 
 Partnership For the Nine Months Ended September 30, 2014
 
 Consolidated VIEs For the Nine Months Ended September 30, 2014
 
 Consolidation -Elimination For the Nine Months Ended September 30, 2014
 
 Total For the Nine Months Ended September 30, 2014
Revenues:
 
 
 
 
 
 
 
Property revenues
$
9,959,704

 
$
—

 
$
—

 
$
9,959,704

Investment income
19,405,356

 
—

 
—

 
19,405,356

Gain on mortgage revenue bond redemption
3,684,898

 


 


 
3,684,898

Other interest income
672,974

 
—

 
—

 
672,974

Other income
188,000

 
—

 
—

 
188,000

Total revenues
33,910,932

 
—

 
—

 
33,910,932

Expenses:
 
 
 
 
 
 
 
Real estate operating (exclusive of items shown below)
5,549,397

 
—

 
—

 
5,549,397

Provision for loan loss
75,000

 
—

 
—

 
75,000

Depreciation and amortization
4,265,375

 
—

 
—

 
4,265,375

Interest
7,029,058

 
—

 
—

 
7,029,058

General and administrative
4,079,493

 
—

 
—

 
4,079,493

Total expenses
20,998,323

 
—

 
—

 
20,998,323

Income from continuing operations
12,912,609

 
—

 
—

 
12,912,609

Income (loss) from discontinued operations
516,565

 
(1,426,463
)
 
1,006,778

 
96,880

Net income (loss)
13,429,174

 
(1,426,463
)
 
1,006,778

 
13,009,489

 Net loss attributable to noncontrolling interest
(3,626
)
 
—

 
—

 
(3,626
)
Net income (loss) - America First Multifamily Investors, L. P.
$
13,432,800

 
$
(1,426,463
)
 
$
1,006,778

 
$
13,013,115

 
 
 
 
 
 
 
 
The table below shows the unaudited pro forma condensed consolidated results of operations of the Partnership as if the Suites on Paseo had been acquired at the beginning of the periods presented:

 
For the Three Months Ended,
 
For the Nine Months Ended,
 
September 30, 2015
 
September 30, 2014
 
September 30, 2015
 
September 30, 2014
Revenues
$
15,232,543

 
$
12,951,041

 
$
47,095,980

 
$
38,903,256

Net income
$
2,641,830

 
$
3,671,163

 
$
13,848,738

 
$
13,586,698

Net income allocated to unitholders
$
2,615,412

 
$
3,634,451

 
$
13,710,251

 
$
13,450,831

Unitholder's interest in net income (loss) per unit (basic and diluted)
$
0.04

 
$
0.06

 
$
0.23

 
$
0.22
Schedule of Condensed Balance Sheet [Table Text Block]
Condensed Consolidating Balance Sheets
 
 
 
Partnership on September 30, 2015
 
 Consolidated VIEs on September 30, 2015
 
 Consolidation -Elimination on September 30, 2015
 
 Total on September 30, 2015
Assets
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
33,111,749

 
$
—

 
$
—

 
$
33,111,749

Restricted cash
 
9,780,383

 
—

 
—

 
9,780,383

Interest receivable
 
5,551,354

 
—

 
—

 
5,551,354

Mortgage revenue bonds held in trust, at fair value
 
499,197,562

 
—

 
—

 
499,197,562

Mortgage revenue bonds, at fair value
 
28,247,980

 
—

 
—

 
28,247,980

Public housing capital fund trusts, at fair value
 
59,876,842

 
—

 
—

 
59,876,842

Mortgage-backed securities, at fair value
 
14,681,587

 
—

 
—

 
14,681,587

Real estate assets:
 
 
 
 
 
 
 
 
Land and improvements
 
15,277,733

 
—

 
—

 
15,277,733

Buildings and improvements
 
139,167,496

 
—

 
—

 
139,167,496

Real estate assets before accumulated depreciation
 
154,445,229

 
—

 
—

 
154,445,229

Accumulated depreciation
 
(14,490,131
)
 
—

 
—

 
(14,490,131
)
Net real estate assets
 
139,955,098

 
—

 
—

 
139,955,098

Other assets
 
34,817,296

 
—

 
—

 
34,817,296

Assets held for sale
 
27,603,810

 
13,419,727

 
(27,842,870
)
 
13,180,667

Total Assets
 
$
852,823,661

 
$
13,419,727

 
$
(27,842,870
)
 
$
838,400,518

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Accounts payable, accrued expenses and other liabilities
 
$
6,468,124

 
$
—

 
$
—

 
$
6,468,124

Distribution payable
 
7,895,646

 
—

 
—

 
7,895,646

Lines of Credit
 
6,425,261

 
—

 
—

 
6,425,261

Debt financing
 
447,606,493

 
—

 
—

 
447,606,493

Mortgage payable
 
68,494,688

 
—

 
—

 
68,494,688

Derivative swap
 
1,539,781

 
—

 
—

 
1,539,781

Liabilities held for sale
 
—

 
38,038,532

 
(37,521,940
)
 
516,592

Total Liabilities
 
538,429,993

 
38,038,532

 
(37,521,940
)
 
538,946,585

Partners' Capital
 
 
 
 
 
 
 
 
General Partner
 
473,783

 
—

 
—

 
473,783

Beneficial Unit Certificate holders
 
313,912,550

 
—

 
6,203,622

 
320,116,172

Unallocated loss of Consolidated VIEs
 
—

 
(24,618,805
)
 
3,475,448

 
(21,143,357
)
Total Partners' Capital
 
314,386,333

 
(24,618,805
)
 
9,679,070

 
299,446,598

Noncontrolling interest
 
7,335

 
—

 
—

 
7,335

Total Capital
 
314,393,668

 
(24,618,805
)
 
9,679,070

 
299,453,933

Total Liabilities and Partners' Capital
 
$
852,823,661

 
$
13,419,727

 
$
(27,842,870
)
 
$
838,400,518

 

 
 
 Partnership on December 31, 2014
 
 Consolidated VIEs on December 31, 2014
 
 Consolidation -Elimination on December 31, 2014
 
 Total on December 31, 2014
Assets
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
49,157,571

 
$
—

 
$
—

 
$
49,157,571

Restricted cash
 
11,141,496

 
—

 
—

 
11,141,496

Interest receivable
 
4,121,486

 
—

 
—

 
4,121,486

Mortgage revenue bonds held in trust, at fair value
 
378,423,092

 
—

 
—

 
378,423,092

Mortgage revenue bonds, at fair value
 
70,601,045

 
—

 
—

 
70,601,045

Public housing capital fund trusts, at fair value
 
61,263,123

 
—

 
—

 
61,263,123

Mortgage-backed securities, at fair value
 
14,841,558

 
—

 
—

 
14,841,558

Real estate assets:
 
 
 
 
 
 
 
 
Land and improvements
 
13,753,493

 
—

 
—

 
13,753,493

Buildings and improvements
 
110,706,173

 
—

 
—

 
110,706,173

Real estate assets before accumulated depreciation
 
124,459,666

 
—

 
—

 
124,459,666

Accumulated depreciation
 
(14,108,154
)
 
—

 
—

 
(14,108,154
)
Net real estate assets
 
110,351,512

 
—

 
—

 
110,351,512

Other assets
 
31,134,319

 
—

 
—

 
31,134,319

Assets held for sale
 
27,640,053

 
13,456,861

 
(27,892,899
)
 
13,204,015

Total Assets
 
$
758,675,255

 
$
13,456,861

 
$
(27,892,899
)
 
$
744,239,217

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Accounts payable, accrued expenses and other liabilities
 
$
4,123,346

 
$
—

 
$
—

 
$
4,123,346

Distribution payable
 
7,617,390

 
—

 
—

 
7,617,390

Debt financing
 
345,359,000

 
—

 
—

 
345,359,000

Mortgages payable
 
76,707,834

 
—

 
—

 
76,707,834

Liabilities held for sale
 
—

 
36,956,477

 
(36,452,734
)
 
503,743

Total Liabilities
 
433,807,570

 
36,956,477

 
(36,452,734
)
 
434,311,313

Partners' Capital
 
 
 
 
 
 
 
 
General Partner
 
578,238

 
—

 
—

 
578,238

Beneficial Unit Certificate holders
 
324,305,442

 
—

 
6,151,675

 
330,457,117

Unallocated deficit of Consolidated VIEs
 
—

 
(23,499,616
)
 
2,408,160

 
(21,091,456
)
Total Partners' Capital
 
324,883,680

 
(23,499,616
)
 
8,559,835

 
309,943,899

Noncontrolling interest
 
(15,995
)
 
—

 
—

 
(15,995
)
Total Capital
 
324,867,685

 
(23,499,616
)
 
8,559,835

 
309,927,904

Total Liabilities and Partners' Capital
 
$
758,675,255

 
$
13,456,861

 
$
(27,892,899
)
 
$
744,239,217
A condensed balance sheet at the date of acquisition for the Suites on Paseo acquisition is below.

 
Paseo 9/1/2015 (Date of Acquisition)
Cash
$
514,094

Restricted cash
187,715

In-place lease assets
1,227,770

Real estate assets
41,374,397

Other assets
259,633

Total assets
$
43,563,609

 
 
Accounts payable, accrued expenses and other
$
493,868

Net assets
43,069,741

Total liabilities and net assets
$
43,563,609