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Investments in Qualified Affordable Housing Projects | 3 Months Ended
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Mar. 31, 2020
Investment In Qualified Affordable Housing Projects. |
Investment in Qualified Affordable Housing Projects | Note 20 – Investments in Qualified Affordable Housing Projects ​ We have investments in qualified affordable housing projects (“QAHPs”) that provide low income housing tax credits and operating loss benefits over an extended period. The tax credits and the operating loss tax benefits that are generated by each of the properties are expected to exceed the total value of the investment made by the Company. For the three months ended March 31, 2020, tax credits and other tax benefits of $2.6 million and amortization of $3.3 million were recorded. For the three months ended March 31, 2019, tax credits and other tax benefits of $1.5 million and amortization of $1.5 million were recorded. At March 31, 2020 and 2019, our carrying value of QAHPs was $90.0 million and $54.2 million, respectively, with an original investment of $113.4 million and $69.6 million, respectively. We have $46.4 million and $24.1 million in remaining funding obligations related to these QAHPs recorded in liabilities at March 31, 2020 and 2019, respectively. None of the original investment will be repaid. The investment in QAHPs is being accounted for using the equity method.

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- Definition The entire disclosure for Affordable Housing Program (AHP). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -URI http://asc.fasb.org/topic&trid=2209208 + Details
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- References No definition available. + Details
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