PHC Certificates (Tables)

6 Months Ended

Jun. 30, 2017

Public Housing Capital Fund Trusts [Abstract]

Schedule of Investments in PHC Certificates

The Partnership had the following investments in the PHC Certificates at June 30, 2017 and December 31, 2016:

	June 30, 2017
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	7.81	AA-		5.36%	$	25,997,334	$	-	$	(354,242	)	$	25,643,092
PHC Certificate Trust II	7.15	A+		4.32%		10,617,449		-		(118,075	)		10,499,374
PHC Certificate Trust III	8.32	BBB		5.45%		19,717,563		-		(68,658	)		19,648,905
					$	56,332,346	$	-	$	(540,975	)	$	55,791,371

	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