Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 22,778,461	$ 20,748,521
Restricted cash	5,911,527	6,757,699
Interest receivable, net	7,273,689	6,983,203
Mortgage revenue bonds held in trust, at fair value (Note 6)	731,091,380	590,194,179
Mortgage revenue bonds, at fair value (Note 6)	27,814,516	90,016,872
Public housing capital fund trusts, at fair value (Note 7)	55,851,799	57,158,068
Real estate assets: (Note 8)
Land and improvements	13,626,868	17,354,587
Buildings and improvements	105,088,950	113,089,041
Real estate assets before accumulated depreciation	118,715,818	130,443,628
Accumulated depreciation	(15,101,930)	(16,217,028)
Net real estate assets	103,613,888	114,226,600
Investment in unconsolidated entities (Note 9)	29,584,325	19,470,006
Property loans, net of loan loss allowance (Note 10)	30,964,833	29,763,334
Other assets (Note 12)	8,647,287	8,795,192
Total Assets	1,023,531,705	944,113,674
Liabilities
Accounts payable, accrued expenses and other liabilities	7,871,698	7,255,327
Income taxes payable	2,600,047
Distribution payable	8,678,628	8,017,950
Unsecured lines of credit (Note 13)		40,000,000
Secured line of credit, net (Note 14)		19,816,667
Debt financing, net (Note 15)	598,123,706	495,383,033
Mortgages payable and other secured financing, net (Note 16)	51,175,060	51,379,512
Derivative swaps, at fair value (Note 17)	1,228,758	1,339,283
Total Liabilities	669,677,897	623,191,772
Commitments and Contingencies (Note 18)
Redeemable Series A preferred units, approximately $57.0 and $40.9 million redemption value, 10.0 million authorized, 5.7 million and 4.1 million issued and outstanding, respectively (Note 19)	56,890,218	40,788,034
Partnersʼ Capital
General Partner (Note 1)	296,318	102,536
Beneficial Unit Certificate holders	296,667,272	280,026,669
Total Partnersʼ Capital	296,963,590	280,129,205
Noncontrolling interest		4,663
Total Capital	296,963,590	280,133,868
Total Liabilities and Partnersʼ Capital	$ 1,023,531,705	$ 944,113,674

This element represents the portion of the balance sheet assertion valued at fair value by the entity, which is held in a mortgage-backed security, whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may by used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities which are categorized as Available-for-sale.

No definition available.