Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Assets:
Cash and cash equivalents	$ 40,782,506	$ 32,001,925
Restricted cash	570,990	1,266,686
Interest receivable, net	7,927,509	7,011,839
Mortgage revenue bonds held in trust, at fair value (Note 6)	747,157,387	645,258,873
Mortgage revenue bonds, at fair value (Note 6)	30,125,333	86,894,562
Public housing capital fund trust certificates, at fair value (Note 7)	44,684,506	48,672,086
Real estate assets: (Note 8)
Land and improvements	4,900,465	4,971,665
Buildings and improvements	72,003,079	71,897,070
Real estate assets before accumulated depreciation	76,903,544	76,868,735
Accumulated depreciation	(14,650,397)	(12,272,387)
Net real estate assets	62,253,147	64,596,348
Investments in unconsolidated entities (Note 9)	87,059,995	76,534,306
Property loans, net of loan loss allowance (Note 10)	7,999,094	15,961,012
Other assets (Note 12)	4,940,703	4,515,609
Total Assets	1,033,501,170	982,713,246
Liabilities:
Accounts payable, accrued expenses and other liabilities (Note 13)	9,592,950	7,543,822
Distribution payable	8,869,350	7,576,167
Unsecured lines of credit (Note 14)	13,200,000	35,659,200
Debt financing, net (Note 15)	538,812,130	505,663,565
Mortgages payable and other secured financing, net (Note 16)	27,049,871	27,454,375
Total Liabilities	597,524,301	583,897,129
Commitments and Contingencies (Note 18)
Redeemable Series A Preferred Units, approximately $94.5 million redemption value, 9.5 million issued and outstanding, net (Note 19)	94,377,414	94,350,376
Partnersʼ Capital:
General Partner (Note 1)	731,741	344,590
Beneficial Unit Certificates ("BUCs," Note 1)	340,867,714	304,121,151
Total Partnersʼ Capital	341,599,455	304,465,741
Total Liabilities and Partnersʼ Capital	$ 1,033,501,170	$ 982,713,246

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.