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Public Housing Capital Fund Trusts Public Housing Capital Fund Trusts (Tables)
 9 Months Ended
Sep. 30, 2015
Public Housing Capital Fund Trusts [Abstract]  
Marketable Securities [Table Text Block]
The following table sets forth certain information relating to the PHC Certificates held in the PHC TOB Trusts on September 30, 2015 and December 31, 2014:
 
 
Average Remaining Lives (Years)
 
Investment Rating
 
Weighted Average Interest Rate over Life
 
Principal Outstanding September 30, 2015
Public Housing Capital Fund Trust Certificate I
 
9.50
 
AA-
 
5.29
%
 
$
25,980,780

Public Housing Capital Fund Trust Certificate II
 
8.92
 
A+
 
4.29
%
 
11,465,660

Public Housing Capital Fund Trust Certificate III
 
10.06
 
BBB
 
5.42
%
 
20,898,432

Total Public Housing Capital Fund Trust Certificates
 
 
 
 
 
 
 
$
58,344,872



 
 
Average Remaining Lives (Years)
 
Investment Rating
 
Weighted Average Interest Rate over Life
 
Principal Outstanding December 31, 2014
Public Housing Capital Fund Trust Certificate I
 
10.25
 
AA-
 
5.33
%
 
$
25,980,780

Public Housing Capital Fund Trust Certificate II
 
9.72
 
A+
 
4.28
%
 
12,429,186

Public Housing Capital Fund Trust Certificate III
 
10.81
 
BBB
 
5.42
%
 
20,898,432

Total Public Housing Capital Fund Trust Certificates
 
 
 
 
 
 
 
$
59,308,398

Description of certain terms of the Partnership’s MBS securities is as follows:
Agency Rating of MBS Securities
 
Principal Outstanding September 30, 2015
 
Weighted Average Maturity Date
 
Weighted Average Coupon Interest Rate
 
 
 
 
 
 
“AAA”
 
$
5,000,000

 
July 1, 2032
 
4.60
%
“AA”
 
9,765,000

 
July 9, 2036
 
4.20
%
 
 
$
14,765,000

 
 
 
 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The Partnership had the following investments in the PHC Certificates on September 30, 2015 and December 31, 2014:
Description of Public Housing Capital Fund Trust Certificates
 
Cost adjusted for amortization of premium and discounts
 
Unrealized Gain
 
Unrealized Loss
 
Estimated Fair Value on September 30, 2015
Public Housing Capital Fund Trust I
 
$
27,309,363

 
$
1,101,659

 
$
—

 
$
28,411,022

Public Housing Capital Fund Trust II
 
11,070,539

 
106,874

 
—

 
11,177,413

Public Housing Capital Fund Trust III
 
20,503,538

 
—

 
(215,131
)
 
20,288,407

 
 
$
58,883,440

 
$
1,208,533

 
$
(215,131
)
 
$
59,876,842


Description of Public Housing Capital Fund Trust Certificates
 
Cost adjusted for amortization of premium and discounts
 
Unrealized Gain
 
Unrealized Loss
 
Estimated Fair Value on December 31, 2014
Public Housing Capital Fund Trust Certificate I
 
$
27,414,100

 
$
933,789

 
$
—

 
$
28,347,889

Public Housing Capital Fund Trust Certificate II
 
11,999,721

 
152,293

 
—

 
12,152,014

Public Housing Capital Fund Trust Certificate III
 
20,474,100

 
289,120

 
—

 
20,763,220

 
 
$
59,887,921

 
$
1,375,202

 
$
—

 
$
61,263,123