PHC Certificates (Tables)

3 Months Ended

Mar. 31, 2018

Public Housing Capital Fund Trusts [Abstract]

Schedule of Investments in PHC Certificates

The Partnership had the following investments in the PHC Certificates at March 31, 2018 and December 31, 2017:

	March 31, 2018
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		7.26	AA-	5.37%	$	25,076,538	$	-	$	(240,309	)	$	24,836,229
PHC Certificate Trust II		6.30	A+	4.33%		9,385,935		-		(298,568	)		9,087,367
PHC Certificate Trust III		7.57	BBB	5.29%		15,458,573		-		(442,915	)		15,015,658
					$	49,921,046	$	-	$	(981,792	)	$	48,939,254

	December 31, 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	7.31	AA-	5.39%	$	25,109,305	$	-	$	-		$	25,109,305
PHC Certificate Trust II	6.37	A+	4.32%		9,606,480		-		(248,189	)		9,358,291
PHC Certificate Trust III	7.61	BBB	5.23%		15,451,249		-		(277,257	)		15,173,992
				$	50,167,034	$	-	$	(525,446	)	$	49,641,588