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Debt Financing - Schedule of Total Debt Financing (Parenthetical) (Details) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Debt Instrument [Line Items]    
Debt financing $ 536,197,421 $ 505,663,565
Period End Rates 4.74% 4.96%
Fixed - M45 [Member] | Interest Rate Through July 31, 2023 [Member]    
Debt Instrument [Line Items]    
Interest rate 3.82% 3.82%
Fixed - M45 [Member] | Interest Rate from August 1, 2023 [Member]    
Debt Instrument [Line Items]    
Interest rate 4.39% 4.39%
Variable - TOB [Member] | TOB & Term A/B Trusts Securitization [Member]    
Debt Instrument [Line Items]    
Debt financing $ 102,591,789 [1] $ 37,620,000 [2]
Year Acquired 2019 [1] 2012 [2]
Stated Maturities [2]   2019-05
Reset Frequency Weekly [1] Weekly [2]
SIFMA Based Rates [2]   2.21%
Facility Fees [2]   1.67%
Period End Rates 3.19% 3.88% [2]
Variable - TOB [Member] | TOB & Term A/B Trusts Securitization [Member] | Live 929 Apartments [Member] | Mizuho Capital Markets [Member]    
Debt Instrument [Line Items]    
Debt financing $ 31,733,007  
Year Acquired 2019  
Stated Maturities 2020-08  
Reset Frequency Weekly  
SIFMA Based Rates 1.79%  
Facility Fees 1.66%  
Period End Rates 3.45%  
Variable - TOB [Member] | TOB & Term A/B Trusts Securitization [Member] | Public Housing Capital Fund Trust 1 [Member] | Mizuho Capital Markets [Member]    
Debt Instrument [Line Items]    
Debt financing $ 20,067,635  
Year Acquired 2019  
Stated Maturities 2020-09  
Reset Frequency Weekly  
SIFMA Based Rates 2.08%  
Facility Fees 1.12%  
Period End Rates 3.20%  
Variable - TOB [Member] | TOB & Term A/B Trusts Securitization [Member] | Public Housing Capital Fund Trust 2 [Member] | Mizuho Capital Markets [Member]    
Debt Instrument [Line Items]    
Debt financing $ 3,786,197  
Year Acquired 2019  
Stated Maturities 2020-09  
Reset Frequency Weekly  
SIFMA Based Rates 2.08%  
Facility Fees 1.12%  
Period End Rates 3.20%  
Variable - TOB [Member] | TOB & Term A/B Trusts Securitization [Member] | Public Housing Capital Fund Trust 3 [Member] | Mizuho Capital Markets [Member]    
Debt Instrument [Line Items]    
Debt financing $ 10,850,103  
Year Acquired 2019  
Stated Maturities 2020-09  
Reset Frequency Weekly  
SIFMA Based Rates 2.08%  
Facility Fees 1.12%  
Period End Rates 3.20%  
Variable - TOB [Member] | TOB & Term A/B Trusts Securitization [Member] | Rosewood Townhomes - Series A [Member] | Mizuho Capital Markets [Member]    
Debt Instrument [Line Items]    
Debt financing $ 7,687,958  
Year Acquired 2019  
Stated Maturities 2020-07  
Reset Frequency Weekly  
SIFMA Based Rates 1.79%  
Facility Fees 1.17%  
Period End Rates 2.96%  
Variable - TOB [Member] | TOB & Term A/B Trusts Securitization [Member] | South Pointe Apartments - Series A [Member] | Mizuho Capital Markets [Member]    
Debt Instrument [Line Items]    
Debt financing $ 17,992,112  
Year Acquired 2019  
Stated Maturities 2020-07  
Reset Frequency Weekly  
SIFMA Based Rates 1.79%  
Facility Fees 1.17%  
Period End Rates 2.96%  
Variable - TOB [Member] | TOB & Term A/B Trusts Securitization [Member] | Vineyard Gardens - Series A [Member] | Mizuho Capital Markets [Member]    
Debt Instrument [Line Items]    
Debt financing $ 3,575,124  
Year Acquired 2019  
Stated Maturities 2020-08  
Reset Frequency Weekly  
SIFMA Based Rates 1.79%  
Facility Fees 1.17%  
Period End Rates 2.96%  
Variable - TOB [Member] | TOB & Term A/B Trusts Securitization [Member] | Montecito at Williams Ranch - Series A | Mizuho Capital Markets [Member]    
Debt Instrument [Line Items]    
Debt financing $ 6,899,653  
Year Acquired 2019  
Stated Maturities 2020-08  
Reset Frequency Weekly  
SIFMA Based Rates 1.79%  
Facility Fees 1.17%  
Period End Rates 2.96%  
Fixed - Term TOB [Member] | TOB & Term A/B Trusts Securitization [Member]    
Debt Instrument [Line Items]    
Interest rate 3.71% 4.31%
Debt financing $ 21,073,418 $ 46,675,413 [3]
Year Acquired [3]   2014
Stated Maturities [3]   2019-10
Reset Frequency N/A N/A [3]
Fixed - Term TOB [Member] | TOB & Term A/B Trusts Securitization [Member] | Live 929 Apartments [Member] | Deutsche Bank [Member]    
Debt Instrument [Line Items]    
Interest rate   4.39%
Debt financing   $ 37,665,413
Year Acquired   2014
Stated Maturities   2019-10
Fixed - Term TOB [Member] | TOB & Term A/B Trusts Securitization [Member] | Pro Nova 2014-1 [Member] | Deutsche Bank [Member]    
Debt Instrument [Line Items]    
Interest rate 4.01% 4.01%
Debt financing $ 8,010,000 $ 9,010,000
Year Acquired 2014 2014
Stated Maturities 2020-01 2019-10
Fixed - Term TOB [Member] | TOB & Term A/B Trusts Securitization [Member] | Village at Avalon [Member] | Morgan Stanley Bank [Member]    
Debt Instrument [Line Items]    
Interest rate 3.53%  
Debt financing $ 13,063,418  
Year Acquired 2019  
Stated Maturities 2022-05  
Fixed - Term A/B [Member] | TOB & Term A/B Trusts Securitization [Member]    
Debt Instrument [Line Items]    
Interest rate 4.47% 4.47%
Debt financing $ 43,561,212 $ 48,971,221 [3]
Reset Frequency N/A N/A [3]
Fixed - Term A/B [Member] | TOB & Term A/B Trusts Securitization [Member] | Vineyard Gardens - Series A [Member] | Deutsche Bank [Member]    
Debt Instrument [Line Items]    
Interest rate   4.53%
Debt financing   $ 3,595,000
Year Acquired   2018
Stated Maturities   2019-05
Fixed - Term A/B [Member] | TOB & Term A/B Trusts Securitization [Member] | Gateway Village [Member] | Deutsche Bank [Member]    
Debt Instrument [Line Items]    
Interest rate 4.53%  
Debt financing $ 2,260,628  
Year Acquired 2019  
Stated Maturities 2020-02  
Fixed - Term A/B [Member] | TOB & Term A/B Trusts Securitization [Member] | Lynnhaven Apartments [Member] | Deutsche Bank [Member]    
Debt Instrument [Line Items]    
Interest rate 4.53%  
Debt financing $ 3,000,128  
Year Acquired 2019  
Stated Maturities 2020-02  
Fixed - Term A/B [Member] | TOB & Term A/B Trusts Securitization [Member] | Avistar at Wilcrest - Series A [Member] | Deutsche Bank [Member]    
Debt Instrument [Line Items]    
Interest rate 4.46% 4.46%
Debt financing $ 3,142,267 $ 3,172,029
Year Acquired 2017 2017
Stated Maturities 2027-02 2027-02
Fixed - Term A/B [Member] | TOB & Term A/B Trusts Securitization [Member] | Montecito at Williams Ranch - Series A | Deutsche Bank [Member]    
Debt Instrument [Line Items]    
Interest rate   4.53%
Debt financing   $ 6,921,000
Year Acquired   2018
Stated Maturities   2019-05
Fixed - Term A/B [Member] | TOB & Term A/B Trusts Securitization [Member] | Avistar at Wood Hollow - Series A [Member] | Deutsche Bank [Member]    
Debt Instrument [Line Items]    
Interest rate 4.46% 4.46%
Debt financing $ 26,773,109 $ 26,860,337
Year Acquired 2017 2017
Stated Maturities 2027-02 2027-02
Fixed - Term A/B [Member] | TOB & Term A/B Trusts Securitization [Member] | Avistar at Copperfield - Series A [Member] | Deutsche Bank [Member]    
Debt Instrument [Line Items]    
Interest rate 4.46% 4.46%
Debt financing $ 8,385,080 $ 8,422,855
Year Acquired 2017 2017
Stated Maturities 2027-02 2027-02
Variable - M31 [Member]    
Debt Instrument [Line Items]    
Stated Maturities   2024-07
Debt instrument extend period   5 years
Variable - M33 [Member]    
Debt Instrument [Line Items]    
Stated Maturities   2025-07
Debt instrument extend period   5 years
[1] The following table summarizes the individual TOB, Term TOB and Term A/B Trust securitizations as of December 31, 2019: Outstanding Financing as of December 31, 2019, net Financing Facility Provider Year Acquired Stated Maturity Reset Frequency SIFMA Based Rates Facility Fees Period End Rates Variable - TOB Securitization Live 929 $31,733,007 Mizuho 2019 August 2020 Weekly 1.79% 1.66% 3.45% Montecito at Williams Ranch - Series A 6,899,653 Mizuho 2019 August 2020 Weekly 1.79% 1.17% 2.96% PHC Certificate Trust 1 20,067,635 Mizuho 2019 September 2020 Weekly 2.08% 1.12% 3.20% PHC Certificate Trust 2 3,786,197 Mizuho 2019 September 2020 Weekly 2.08% 1.12% 3.20% PHC Certificate Trust 3 10,850,103 Mizuho 2019 September 2020 Weekly 2.08% 1.12% 3.20% Rosewood Townhomes - Series A 7,687,958 Mizuho 2019 July 2020 Weekly 1.79% 1.17% 2.96% South Pointe Apartments - Series A 17,992,112 Mizuho 2019 July 2020 Weekly 1.79% 1.17% 2.96% Vineyard Gardens - Series A 3,575,124 Mizuho 2019 August 2020 Weekly 1.79% 1.17% 2.96% Total TOB Financing\ Weighted Average Period End Rate $102,591,789 3.19% Outstanding Financing as of December 31, 2019, net Financing Facility Provider Year Acquired Stated Maturity Fixed Interest Rate Fixed - Term TOB Securitization Pro Nova 1 $8,010,000 Deutsche Bank 2014 January 2020 4.01% Village at Avalon 13,063,418 Morgan Stanley 2019 May 2022 3.53% Total Fixed Term TOB Financing\ Weighted Average Period End Rate $21,073,418 3.71% Fixed - Term A/B Trusts Securitization Avistar at Copperfield - Series A $8,385,080 Deutsche Bank 2017 February 2027 4.46% Avistar at Wilcrest - Series A 3,142,267 Deutsche Bank 2017 February 2027 4.46% Avistar at Wood Hollow - Series A 26,773,109 Deutsche Bank 2017 February 2027 4.46% Gateway Village 2,260,628 Deutsche Bank 2019 February 2020 4.53% Lynnhaven 3,000,128 Deutsche Bank 2019 February 2020 4.53% Total Fixed A/B Trust Financing\ Weighted Average Period End Rate $43,561,212 4.47%
[2] The variable TOB Financings are secured by the Partnership’s three PHC Certificates (see Note 7).
[3] The following table summarizes the individual Term TOB and Term A/B Trust securitizations as of December 31, 2018: Outstanding Financing as of December 31, 2018, net Financing Facility Provider Year Acquired Stated Maturity Fixed Interest Rate Fixed - Term TOB Securitization Live 929 $37,665,413 Deutsche Bank 2014 October 2019 4.39% Pro Nova 1 9,010,000 Deutsche Bank 2014 October 2019 4.01% Total Fixed Term TOB Financing\ Weighted Average Period End Rate $46,675,413 4.31% Term A/B Trusts Securitization Avistar at Wood Hollow - Series A $26,860,337 Deutsche Bank 2017 February 2027 4.46% Avistar at Wilcrest - Series A 3,172,029 Deutsche Bank 2017 February 2027 4.46% Avistar at Copperfield - Series A 8,422,855 Deutsche Bank 2017 February 2027 4.46% Montecito at Williams Ranch - Series A 6,921,000 Deutsche Bank 2018 May 2019 4.53% Vineyard Gardens - Series A 3,595,000 Deutsche Bank 2018 May 2019 4.53% Total Fixed A/B Trust Financing\ Weighted Average Period End Rate $48,971,221 4.47%