Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2017

Commitments And Contingencies Disclosure [Abstract]

Summary of Partnership's Bond Purchase Commitments

The following table summarizes the Partnership’s bond purchase commitments at December 31, 2017 and 2016:

Bond Purchase Commitments	Commitment Date	Maximum Committed Amounts for 2018		Rate			Closing Date (1)	Fair Value at December 31, 2017		Fair Value at December 31, 2016
Villas at Plano Gateway Apartments	December 2014	$	-		6.00	%	N/A	$	-	$	838,200
Village at Rivers Edge	May 2015		-		6.00	%	Q4 2017		-		467,720
Palo Alto	July 2015		19,540,000		5.80	%	Q2 2018		1,616,143		627,429
Village at Avalon	November 2015		16,400,000		5.80	%	Q4 2018		1,386,397		466,100
Total		$	35,940,000					$	3,002,540	$	2,399,449

(1) The closing date is actual or estimated.