XML 13 R39.htm IDEA: XBRL DOCUMENT v3.3.0.814
Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2015
Commitments and Contingencies [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
On September 30, 2015 and December 31, 2014 the Bond Purchase Commitments outstanding and the related fair values are as follows:
Bond Purchase Commitments
 
Commitment Date
 
Commitment Amount
 
Rate
 
Closing Date (1)
 
Fair Value on September 30, 2015
 
Fair Value on December 31, 2014
Silver Moon Apartments
 
June 2013
 
$
8,000,000

 
6.00
%
 
Q2 2015
 
$
—

 
$
413,600

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

 
6.00
%
 
Q2 2015
 
—

 
1,433,700

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

 
6.00
%
 
Q2 2015
 
—

 
1,990,535

15 West Apartments
 
July 2014
 
$
9,900,000

 
6.25
%
 
Q3 2017
 
785,932

 
809,178

Palo Alto
 
July 2015
 
$
19,540,000

 
5.80
%
 
Q3 2018
 
959,023

 
—

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

 
6.00
%
 
Q2 2017
 
1,103,000

 
1,133,400

Village at Rivers Edge
 
May 2015
 
$
8,720,000

 
6.00
%
 
Q4 2017
 
487,971

 
—

Total
 
 
 
 
 
 
 
 
 
$
3,335,926

 
$
5,780,413