Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 15,371,898	$ 20,748,521
Restricted cash	6,641,289	6,757,699
Interest receivable, net	6,397,508	6,983,203
Mortgage revenue bonds held in trust, at fair value (Note 6)	741,181,807	590,194,179
Mortgage revenue bonds, at fair value (Note 6)	26,947,851	90,016,872
Public housing capital fund trusts, at fair value (Note 7)	55,791,371	57,158,068
Real estate assets: (Note 8)
Land and improvements	10,729,217	17,354,587
Buildings and improvements	105,178,529	113,089,041
Real estate assets before accumulated depreciation	115,907,746	130,443,628
Accumulated depreciation	(16,367,265)	(16,217,028)
Net real estate assets	99,540,481	114,226,600
Investment in unconsolidated entities (Note 9)	31,950,493	19,470,006
Property loans, net of loan loss allowance (Note 10)	31,603,970	29,763,334
Other assets (Note 12)	9,400,100	8,795,192
Total Assets	1,024,826,768	944,113,674
Liabilities
Accounts payable, accrued expenses and other liabilities	7,197,103	7,255,327
Distribution payable	7,623,425	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)	597,465,241	495,383,033
Mortgages payable and other secured financing, net (Note 16)	50,778,452	51,379,512
Derivative swaps, at fair value (Note 17)	1,283,437	1,339,283
Total Liabilities	664,347,658	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)	56,894,600	40,788,034
Partnersʼ Capital
General Partner (Note 1)	351,751	102,536
Beneficial Unit Certificate holders	303,232,759	280,026,669
Total Partnersʼ Capital	303,584,510	280,129,205
Noncontrolling interest		4,663
Total Capital	303,584,510	280,133,868
Total Liabilities and Partnersʼ Capital	$ 1,024,826,768	$ 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.