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Fair Value of Financial Instruments - Summary of Activity Related to Level 3 Assets and Liabilities (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Schedule of Available-for-sale Securities [Line Items]        
Assets at Fair Value, beginning balance $ 773,607,185 $ 762,536,041 $ 796,696,304 $ 818,340,970
Total gains (losses) (realized/unrealized) [Abstract]        
Total gain (losses) included in earnings (interest income and interest expense) 1,803,456 113,745 3,644,154 166,869
Total gain (losses) Included in earnings (impairment of securities and provision for credit loss)   (464,675)   (1,822,356)
Total gain (losses) Included in earnings (gain on sale of securities)       1,416,023
Total gain (losses) Included in earnings (provision for credit loss) (900,080)   (900,080)  
Total gain (losses) included in other comprehensive income 2,014,779 20,971,649 (14,404,988) 12,877,278
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases 6,880,000 7,489,950 8,951,500 7,489,950
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sale of securities       (43,349,357)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements (3,238,495) (1,535,634) (13,820,045) (6,008,301)
Assets at Fair Value, ending balance 780,166,845 789,111,076 780,166,845 789,111,076
Total amount of losses for the period included in earnings attributable to the change in unrealized losses relating to assets or liabilities held (909,574) (371,028) (902,123) (1,703,508)
Interest Rate Derivative Financial Instruments [Member]        
Schedule of Available-for-sale Securities [Line Items]        
Derivative Assets (Liabilities) at Fair Value, beginning balance 327,376 36,112 321,503 10,911
Total gains (losses) (realized/unrealized) [Abstract]        
Total gain (losses) included in earnings (interest income and interest expense) 1,769,026 93,647 3,575,193 118,848
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Derivative Asset (Liability), Settlements (1,775,030) (99,933) (3,575,324) (99,933)
Derivative Assets (Liabilities) at Fair Value, beginning balance 321,372 29,826 321,372 29,826
Total amount of losses for the period included in earnings attributable to the change in unrealized losses relating to assets or liabilities held (9,494) 93,647 (2,043) 118,848
Bond Purchase Commitment [Member]        
Schedule of Available-for-sale Securities [Line Items]        
Assets at Fair Value, beginning balance 310,909   431,879  
Total gains (losses) (realized/unrealized) [Abstract]        
Total gain (losses) included in other comprehensive income 81,606   (39,364)  
Assets at Fair Value, ending balance 392,515   392,515  
Public housing capital fund trusts [Member]        
Schedule of Available-for-sale Securities [Line Items]        
Assets at Fair Value, beginning balance       43,349,357
Total gains (losses) (realized/unrealized) [Abstract]        
Total gain (losses) included in earnings (interest income and interest expense)       (7,219)
Total gain (losses) Included in earnings (gain on sale of securities)       1,416,023
Total gain (losses) included in other comprehensive income       (1,408,804)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sale of securities       (43,349,357)
Taxable Mortgage Revenue Bonds [Member]        
Schedule of Available-for-sale Securities [Line Items]        
Assets at Fair Value, beginning balance 1,443,988 1,417,654 1,510,437 1,383,237
Total gains (losses) (realized/unrealized) [Abstract]        
Total gain (losses) included in other comprehensive income 21,266 40,811 (42,846) 77,366
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements (2,392) (2,186) (4,729) (4,324)
Assets at Fair Value, ending balance 1,462,862 1,456,279 1,462,862 1,456,279
Mortgage Revenue Bonds [Member]        
Schedule of Available-for-sale Securities [Line Items]        
Assets at Fair Value, beginning balance [1] 771,524,912 761,082,275 794,432,485 773,597,465
Total gains (losses) (realized/unrealized) [Abstract]        
Total gain (losses) included in earnings (interest income and interest expense) [1] 34,430 20,098 68,961 55,240
Total gain (losses) Included in earnings (impairment of securities and provision for credit loss) [1]   (464,675)   (1,822,356)
Total gain (losses) Included in earnings (provision for credit loss) [1] (900,080)   (900,080)  
Total gain (losses) included in other comprehensive income [1] 1,911,907 20,930,838 (14,322,778) 14,208,716
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases [1] 6,880,000 7,489,950 8,951,500 7,489,950
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements [1] (1,461,073) (1,433,515) (10,239,992) (5,904,044)
Assets at Fair Value, ending balance [1] 777,990,096 787,624,971 777,990,096 787,624,971
Total amount of losses for the period included in earnings attributable to the change in unrealized losses relating to assets or liabilities held [1] $ (900,080) $ (464,675) $ (900,080) $ (1,822,356)
[1] Mortgage revenue bonds includes both bonds held in trust as well as those held by the Partnership.