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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Assets:    
Cash and cash equivalents $ 52,065,319 $ 44,495,538
Restricted cash 83,804,035 78,495,048
Interest receivable, net 9,773,967 8,212,076
Mortgage revenue bonds held in trust, at fair value (Note 6) 760,538,644 768,468,644
Mortgage revenue bonds, at fair value (Note 6) 17,451,452 25,963,841
Governmental issuer loans held in trust (Note 7) 130,404,790 64,863,657
Real estate assets: (Note 8)    
Land and improvements 10,464,403 4,875,265
Buildings and improvements 72,373,113 72,316,152
Real estate assets before accumulated depreciation 82,837,516 77,191,417
Accumulated depreciation (19,506,937) (18,150,215)
Net real estate assets 63,330,579 59,041,202
Investments in unconsolidated entities (Note 9) 91,790,880 106,878,570
Property loans, net of loan loss allowance (Note 10) 17,449,265 12,920,719
Other assets (Note 12) 7,376,928 5,908,584
Total Assets 1,233,985,859 1,175,247,879
Liabilities:    
Accounts payable, accrued expenses and other liabilities (Note 13) 10,664,337 9,949,565
Distribution payable 8,087,541 3,686,283
Unsecured lines of credit (Note 14)   7,475,000
Secured line of credit (Note 15) 6,500,000  
Debt financing, net (Note 16) 741,532,707 673,957,640
Mortgages payable and other secured financing, net (Note 17) 26,964,324 25,984,872
Total Liabilities 793,748,909 721,053,360
Commitments and Contingencies (Note 19)
Partnersʼ Capital:    
General Partner (Note 1) 808,774 934,892
Beneficial Unit Certificates ("BUCs," Note 1) 344,987,674 358,837,150
Total Partnersʼ Capital 345,796,448 359,772,042
Total Liabilities and Partnersʼ Capital 1,233,985,859 1,175,247,879
Redeemable Series A Preferred Units [Member]    
Liabilities:    
Redeemable Series A Preferred Units, approximately $94.5 million redemption value, 9.5 million issued and outstanding, net (Note 20) $ 94,440,502 $ 94,422,477