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Investing Receivables
6 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
Investing Receivables Investing Receivables
Investing receivables consisted of the following (in thousands): 
June 30,
2024
December 31,
2023
Notes receivable from the City of Huntsville$79,968 $77,022 
Other investing loan receivable6,865 6,867 
Amortized cost basis86,833 83,889 
Allowance for credit losses(2,746)(2,377)
Investing receivables, net$84,087 $81,512 

The balances above include accrued interest receivable, net of allowance for credit losses, of $2.7 million as of June 30, 2024 and $6.0 million as of December 31, 2023.

Our notes receivable from the City of Huntsville funded infrastructure costs in connection with our LW Redstone Company, LLC joint venture (see Note 6) and carry an interest rate of 9.95%. Our other investing loan receivable as of June 30, 2024 carries a stated interest rate of 12.0% and matures in 2024.

The fair value of these receivables was approximately $87 million as of June 30, 2024 and $84 million as of December 31, 2023.