Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net income	$ 30,245,918	$ 6,410,088
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	2,049,269	2,141,302
Amortization of deferred financing costs	823,212	1,288,044
Gain on sale of investments in unconsolidated entities	(15,227,239)
Gain on sale of investment in securities		(1,416,023)
Contingent interest realized on investing activities	(1,848,825)	(12,043)
Provision for credit loss (Note 6)	900,080	5,285,609
Provision for loan loss (Note 10)	330,116	811,706
Impairment charge on real estate assets		25,200
(Gain) loss on derivatives, net of cash paid	9,702	(144,546)
Restricted unit compensation expense	839,551	634,860
Bond premium/discount amortization	(103,292)	(82,975)
Debt premium amortization	(30,419)	(30,353)
Deferred income tax expense (benefit) & income tax payable/receivable	(154,553)	2,036
Change in preferred return receivable from unconsolidated entities, net	4,589,760	(2,414,759)
Changes in operating assets and liabilities
Increase in interest receivable	(1,506,442)	(922,686)
Decrease in other assets	134,595	327,508
Increase in accounts payable and accrued expenses	2,247,730	738,652
Net cash provided by operating activities	23,299,163	12,641,620
Cash flows from investing activities:
Capital expenditures	(106,415)	(319,757)
Acquisition of mortgage revenue bonds	(12,946,500)	(9,513,450)
Acquisition of taxable mortgage revenue bonds	(1,000,000)
Advances on governmental issuer loans	(101,122,781)	(62,085,000)
Advances on taxable governmental issuer loans	(1,000,000)
Advances on property loans	(19,279,087)	(5,733,331)
Contributions to unconsolidated entities	(20,232,531)	(17,542,465)
Proceeds from sale of investments in unconsolidated entities	44,988,040	7,762,166
Principal payments received on mortgage revenue bonds and contingent interest	45,908,244	13,836,006
Principal payments received on taxable mortgage revenue bonds	7,174	6,560
Principal payments received on property loans and contingent interest	191,264	12,043
Net cash used in investing activities	(64,592,592)	(30,227,871)
Cash flows from financing activities:
Distributions paid	(20,110,495)	(21,025,617)
Repurchase of BUCs	(1,363,736)	(2,106,673)
Proceeds from the sale of BUCs	33,321,250
Payment of offering costs related to the sale of BUCs	(2,077,755)
Proceeds from debt financing	116,800,000	277,231,000
Principal payments on debt financing	(29,749,667)	(146,126,658)
Principal payments on mortgages payable	(555,680)	(535,233)
Principal borrowing on unsecured lines of credit	15,172,445	10,492,728
Principal payments on unsecured lines of credit	(22,647,446)	(11,849,728)
(Increase) decrease in security deposit liability related to restricted cash	66,694	(123,286)
Debt financing and other deferred costs	(2,252,632)	(1,093,484)
Net cash provided by financing activities	93,102,978	104,863,049
Net increase in cash, cash equivalents and restricted cash	51,809,549	87,276,798
Cash, cash equivalents and restricted cash at beginning of period	122,990,586	43,185,981
Cash, cash equivalents and restricted cash at end of period	174,800,135	130,462,779
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	14,884,920	14,481,578
Cash paid during the period for income taxes	181,356	36,927
Supplemental disclosure of noncash investing and financing activities:
Distributions declared but not paid for BUCs and General Partner	7,831,176	3,686,982
Distributions declared but not paid for Series A Preferred Units	708,750	708,750
Investment in previously unconsolidated entity consolidated as land	3,115,891
Capital expenditures financed through accounts payable	1,970	60,572
Deferred financing costs financed through accounts payable	(2,540)	285,108
Public housing capital fund trusts [Member]
Cash flows from investing activities:
Proceeds from sale of PHC Certificates		$ 43,349,357
Secured Line Of Credit Facility [Member]
Cash flows from financing activities:
Principal borrowing on unsecured lines of credit	$ 6,500,000