Other Assets (Tables)

12 Months Ended

Dec. 31, 2017

Other Assets [Abstract]

Schedule of 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

Investments Classified by Contractual Maturity Date

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