Subsequent Events (Tables)

9 Months Ended

Sep. 30, 2015

Subsequent Events [Abstract]

Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]

The par value of the mortgage revenue bonds included in this financing facility on September 30, 2015 and December 31, 2014 are as follows:

Description of Mortgage Revenue Bonds	Outstanding Bond Par Amounts
	September 30, 2015		December 31, 2014		Financial Statement Presentation
Ashley Square	$	5,114,000	$	5,159,000	Mortgage revenue bond
Bella Vista	6,430,000		6,490,000		Mortgage revenue bond
Bent Tree	7,402,000		7,465,000		Assets held for sale
Bridle Ridge	7,595,000		7,655,000		Mortgage revenue bond
Brookstone	9,191,008		9,256,001		Mortgage revenue bond
Cross Creek	8,363,701		8,422,997		Mortgage revenue bond
Fairmont Oaks	7,194,000		7,266,000		Assets held for sale
Lake Forest	8,796,000		8,886,000		Mortgage revenue bond
Runnymede	10,395,000		10,440,000		Mortgage revenue bond
Southpark	13,680,000		13,680,000		Mortgage revenue bond
Woodlynn Village	4,371,000		4,390,000		Mortgage revenue bond
Ohio Series A Bond (1)	14,335,000		14,407,000		Mortgage revenue bond
Total	$	102,866,709	$	103,516,998

⁽¹⁾ Collateralized by Crescent Village, Postwoods, and Willow Bend

The par value of the mortgage revenue bonds included in the M31 TEBS financing facility on September 30, 2015 and December 31, 2014 are as follows:

Description of Mortgage Revenue Bonds	Outstanding Bond Par Amounts
	September 30, 2015		December 31, 2014		Financial Statement Presentation
Arbors at Hickory Ridge	$	11,450,000	$	11,450,000	Mortgage revenue bond
Avistar at Chase Hill A Bond	9,957,357		10,000,000		Mortgage revenue bond
Avistar at the Crest A Bond	9,658,636		9,700,000		Mortgage revenue bond
Avistar at the Oaks A Bond	7,794,525		7,800,000		Mortgage revenue bond
Avistar in 09 A Bond	6,730,273		6,735,000		Mortgage revenue bond
Avistar on the Boulevard A Bond	16,454,530		16,525,000		Mortgage revenue bond
Avistar on the Hills A Bond	5,385,217		5,389,000		Mortgage revenue bond
Copper Gate Apartments	5,220,000		5,220,000		Mortgage revenue bond
Greens Property A Bond	8,312,000		8,366,000		Mortgage revenue bond
Harden Ranch A Bond	6,960,000		6,960,000		Mortgage revenue bond
The Palms at Premier Park Apartments	20,043,237		20,152,000		Mortgage revenue bond
Tyler Park Apartments A Bond	6,075,000		6,075,000		Mortgage revenue bond
Westside Village A Bond	3,970,000		3,970,000		Mortgage revenue bond
Total	$	118,010,775	$	118,342,000

Effective July 1, 2015, the Partnership transferred the following mortgage revenue bonds to the 2015 Sponsor pursuant to the M33 TEBS financing described above:

Description of Mortgage Revenue Bonds	Outstanding Bond Par Amounts
	September 30, 2015		July 1, 2015		Financial Statement Presentation
Avistar at the Parkway A Bond	$	13,300,000	$	13,300,000	Mortgage revenue bond
Glenview Apartments A Bond	4,670,000		4,670,000		Mortgage revenue bond
Heritage Square A Bond	11,185,000		11,185,000		Mortgage revenue bond
Montclair Apartments A Bond	2,530,000		2,530,000		Mortgage revenue bond
Renaissance Gateway	11,475,663		11,491,928		Mortgage revenue bond
Santa Fe Apartments A Bond	3,065,000		3,065,000		Mortgage revenue bond
Silver Moon Lodge Apartments A Bond	7,995,983		8,000,000		Mortgage revenue bond
Vantage at Harlingen	24,575,000		24,575,000		Mortgage revenue bond
Vantage at Judson	26,540,000		26,540,000		Mortgage revenue bond
Total	$	105,336,646	$	105,356,928