PHC Certificates (Tables)

12 Months Ended

Dec. 31, 2016

Public Housing Capital Fund Trusts [Abstract]

Schedule of Investments in PHC Certificates

The Partnership had the following investments in the PHC Certificates on December 31, 2016 and 2015:

	December 31, 2016
Description of PHC Certificates	Weighted Average Lives (Years)	Investment Rating	Weighted Average Interest Rate Over Life		Cost Adjusted for Paydowns		Cumulative Unrealized Gain		Cumulative Unrealized Loss			Estimated Fair Value
PHC Certificate Trust I	8.31	AA-		5.36%	$	26,077,158	$	672,097	$	-		$	26,749,255
PHC Certificate Trust II	7.65	A+		4.31%		10,600,967		84,756		-			10,685,723
PHC Certificate Trust III	8.79	BBB		5.42%		20,122,937		-		(399,847	)		19,723,090
					$	56,801,062	$	756,853	$	(399,847	)	$	57,158,068

	December 31, 2015
Description of PHC Certificates	Weighted Average Lives (Years)	Investment Rating	Weighted Average Interest Rate Over Life		Cost Adjusted for Paydowns		Cumulative Unrealized Gain		Cumulative Unrealized Loss			Estimated Fair Value
PHC Certificate Trust I	9.25	AA-		5.33%	$	27,274,451	$	1,482,376	$	-		$	28,756,827
PHC Certificate Trust II	8.67	A+		4.29%		11,081,987		365,443		-			11,447,430
PHC Certificate Trust III	9.81	BBB		5.42%		20,513,351		-		(10,318	)		20,503,033
					$	58,869,789	$	1,847,819	$	(10,318	)	$	60,707,290