Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 24,969,157	$ 69,597,699
Restricted cash	703,112	1,985,630
Interest receivable, net	7,936,792	6,541,132
Mortgage revenue bonds held in trust, at fair value (Note 6)	678,700,712	710,867,447
Mortgage revenue bonds, at fair value (Note 6)	63,765,212	77,971,208
Public housing capital fund trusts, at fair value (Note 7)	48,741,478	49,641,588
Real estate assets: (Note 8)
Land and improvements	4,974,417	7,319,235
Buildings and improvements	71,819,902	78,953,488
Real estate assets before accumulated depreciation	76,794,319	86,272,723
Accumulated depreciation	(11,457,254)	(9,580,531)
Net real estate assets	65,337,065	76,692,192
Investment in unconsolidated entities (Note 9)	80,294,647	39,608,927
Property loans, net of loan loss allowance (Note 10)	23,817,990	29,513,874
Other assets (Note 12)	6,950,752	7,348,302
Total Assets	1,001,216,917	1,069,767,999
Liabilities
Accounts payable, accrued expenses and other liabilities	7,831,188	8,494,227
Distribution payable	9,652,968	8,423,803
Unsecured lines of credit (Note 13)	28,465,600	50,000,000
Debt financing, net (Note 14)	544,718,144	558,328,347
Mortgages payable and other secured financing, net (Note 15)	27,681,596	35,540,174
Derivative swaps, at fair value (Note 16)	26,798	826,852
Total Liabilities	618,376,294	661,613,403
Commitments and Contingencies (Note 17)
Redeemable Series A preferred units, approximately $94.5 million redemption value, 10.0 million authorized, 9.5 million issued and outstanding, net (Note 18)	94,341,364	94,314,326
Partnersʼ Capital
General Partner (Note 1)	195,059	437,256
Beneficial Unit Certificate holders (Note 1)	288,304,200	313,403,014
Total Partnersʼ Capital	288,499,259	313,840,270
Total Liabilities and Partnersʼ Capital	$ 1,001,216,917	$ 1,069,767,999

This element represents the portion of the balance sheet assertion valued at fair value by the entity, which is held in a mortgage-backed security, whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may by used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities which are categorized as Available-for-sale.

No definition available.