13. Other Assets

The Partnership had the following Other Assets at December 31, 2017 and 2016:

	December 31, 2017		December 31, 2016
Deferred financing costs - net	$	383,133	$	456,890
Fair value of derivative instruments (Note 19)		597,221		383,604
Taxable mortgage revenue bonds at fair market value		2,422,459		4,084,599
Bond purchase commitments - fair value (Note 20)		3,002,540		2,399,449
Other assets		942,949		1,470,650
Total other assets	$	7,348,302	$	8,795,192

See Note 25 for a description of the methodology and significant assumptions for determining the fair value of the derivative instruments, taxable MRBs and bond purchase commitments. Unrealized gains or losses on these assets are recorded in the consolidated statements of comprehensive income to reflect changes in their estimated fair values resulting from market conditions and fluctuations in the present value of the expected cash flows from the assets.

The following table includes the details of the taxable MRBs redeemed during the year ended December 31, 2017. The taxable MRBs were redeemed at prices that approximated the Partnership’s carrying value plus accrued interest. The Partnership also realized additional interest related to redemption of the Vantage at Harlingen Series D and Avistar at Chase Hill Series C MRBs of approximately $169,000 and $35,000, respectively. The additional interest income is reported within other interest income on the consolidated statements of operations.

Property Name

Redemption Date

Location

Units

(Unaudited)

Original Maturity Date

Base Interest Rate

Principal Outstanding at Date of Redemption

Vantage at Harlingen - Series D

October

San Antonio, TX

288

10/1/2053

9.00

1,278,117

Avistar at Chase Hill - Series C

November

San Antonio, TX

232

4/1/2050

9.00

232,145

The following table includes the details of the taxable MRB redeemed during the year ended December 31, 2016. The taxable MRB was redeemed at a price that approximated the Partnership’s carrying value plus accrued interest.

Property Name

Redemption Date

Location

Units

(Unaudited)

Original Maturity Date

Base Interest Rate

Principal Outstanding at Date of Redemption

Silver Moon - Series B

August

Albuquerque, NM

151

8/1/2055

12.00

499,461