Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net income	$ 7,570,105	$ 10,338,003
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	1,421,519	1,640,612
Gain on sale of investment in securities	(1,416,023)
Provision for credit loss	1,822,356	0
Contingent interest realized on investing activities	(12,043)	(3,042,102)
Impairment charge on real estate assets	25,200
(Gain) loss on derivatives, net of cash paid	(18,915)	508,354
Restricted unit compensation expense	335,336	370,414
Bond premium/discount amortization	(48,021)	(67,657)
Debt premium amortization	(20,229)
Amortization of deferred financing costs	791,026	731,006
Deferred income tax expense & income tax payable/receivable	90,927	172,965
Change in preferred return receivable from unconsolidated entities, net	(1,260,261)	(3,005,017)
Changes in operating assets and liabilities
Increase in interest receivable	(104,356)	(207,986)
Decrease in other assets	362,468	734,903
Decrease in accounts payable and accrued expenses	(597,859)	(1,051,467)
Net cash provided by operating activities	8,941,230	7,122,028
Cash flows from investing activities:
Capital expenditures	(116,887)	(58,247)
Acquisition of mortgage revenue bonds	(7,489,950)	(19,250,000)
Advances on governmental issuer loan	(40,000,000)
Contributions to unconsolidated entities	(11,163,709)	(17,285,950)
Advances on property loans	(1,667,776)
Proceeds from sale of investment in an unconsolidated entity	7,762,166
Principal payments received on taxable mortgage revenue bonds	4,324	23,953
Principal payments received on property loans and contingent interest	12,043	11,409,737
Net cash used in investing activities	(3,406,388)	(8,051,556)
Cash flows from financing activities:
Distributions paid	(16,629,884)	(17,386,938)
Repurchase of BUCs	(2,106,673)
Proceeds from debt financing	91,386,000	18,430,500
Principal payments on debt financing	(88,985,375)	(5,271,169)
Principal payments on mortgages payable	(419,128)	(373,843)
Principal borrowing on unsecured lines of credit	7,475,000	23,200,000
Principal payments on unsecured lines of credit	(1,980,000)	(35,659,200)
Decrease in security deposit liability related to restricted cash	(50,617)	(26,397)
Debt financing and other deferred costs	(285,425)	(105,457)
Net cash used in financing activities	(11,596,102)	(17,192,504)
Net decrease in cash, cash equivalents and restricted cash	(6,061,260)	(18,122,032)
Cash, cash equivalents and restricted cash at beginning of period	43,185,981	33,268,611
Cash, cash equivalents and restricted cash at end of period	37,124,721	15,146,579
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	10,226,352	11,297,205
Cash paid during the period for income taxes	18,491	155,000
Supplemental disclosure of noncash investing and financing activities:
Distributions declared but not paid for BUCs and General Partner	3,686,982	7,663,064
Distributions declared but not paid for Series A Preferred Units	708,750	708,750
Capital expenditures financed through accounts payable		360
Deferred financing costs financed through accounts payable	55,557	35,969
Public housing capital fund trusts [Member]
Cash flows from investing activities:
Principal payments received		2,767,166
Proceeds from sale of PHC Certificates	43,349,357
Mortgage Revenue Bonds [Member]
Cash flows from investing activities:
Principal payments received	$ 5,904,044	$ 14,341,785