Public Housing Capital ("PHC") Fund Trust Certificates (Tables)

3 Months Ended

Mar. 31, 2016

Public Housing Capital Fund Trusts [Abstract]

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 March 31, 2016 and December 31, 2015:

	March 31, 2016
Description of PHC Certificates	Cost Adjusted for Paydowns		Unrealized Gain		Unrealized Loss		Estimated Fair Value
PHC Certificate Trust I	$	26,181,896	$	1,802,550	$	-	$	27,984,446
PHC Certificate Trust II		11,093,435		556,822		-		11,650,257
PHC Certificate Trust III		20,523,164		347,473		-		20,870,637
	$	57,798,495	$	2,706,845	$	-	$	60,505,340

	December 31, 2015
Description of PHC Certificates	Cost Adjusted for Paydowns		Unrealized Gain		Unrealized Loss			Estimated Fair Value
PHC Certificate Trust I	$	27,274,451	$	1,482,376	$	-		$	28,756,827
PHC Certificate Trust II		11,081,987		365,443		-			11,447,430
PHC Certificate Trust III		20,513,351		-		(10,318	)		20,503,033
	$	58,869,789	$	1,847,819	$	(10,318	)	$	60,707,290

Marketable Securities [Table Text Block]

The following table sets forth certain information relating to the PHC Certificates held in the PHC TOB Trusts on March 31, 2016 and December 31, 2015:

	Weighted Average Lives (Years)		Investment Rating	Weighted Average Interest Rate over Life	Principal Outstanding March 31, 2016
Public Housing Capital Fund Trust Certificate I		9.06	AA-	5.33%	$	24,923,137
Public Housing Capital Fund Trust Certificate II		8.42	A+	4.29%		11,465,660
Public Housing Capital Fund Trust Certificate III		9.56	BBB	5.42%		20,898,432
Total Public Housing Capital Fund Trust Certificates					$	57,287,229

	Weighted Average Lives (Years)		Investment Rating	Weighted Average Interest Rate over Life	Principal Outstanding December 31, 2015
Public Housing Capital Fund Trust Certificate I		9.25	AA-	5.33%	$	25,980,780
Public Housing Capital Fund Trust Certificate II		8.67	A+	4.29%		11,465,660
Public Housing Capital Fund Trust Certificate III		9.81	BBB	5.42%		20,898,432
Total Public Housing Capital Fund Trust Certificates					$	58,344,872