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Subsequent Events (Tables) | 3 Months Ended
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Mar. 31, 2023
Subsequent Event [Line Items] |
Schedule of terms of partnership's MRB investments | The following table summarizes the terms of the Partnership’s MRB investments:
Property Name |  | Month Acquired |  | Property Location |  | Units |  |  | Maturity Date |  | Interest Rate |  | Principal Funded |
Handsel Morgan Village - MRB |  | April |  | Buford, GA |  |  | 45 |  |  | 3/1/2041 |  | 6.75% |  | $ | 2,150,000 |
Maryalice Circle - MRB |  | April |  | Buford, GA |  |  | 98 |  |  | 3/1/2041 |  | 6.75% |  |  | 5,900,000 |
|  |  |  |  |  |  |  |  |  |  |  |  | $ | 8,050,000 |
Interest Rate Cap Agreements [Member] |
Subsequent Event [Line Items] |
Summary of Partnership's Derivative Instruments |
Purchase Date |  | Notional Amount |  |  | Maturity Date |  | Effective Capped Rate (1) |  |  | Index |  | Variable Debt Financing Hedged (1) |  | Counterparty |  | Fair Value as of March 31, 2023 |
August 2019 |  |  | 74,634,658 |  |  | Aug 2024 |  |  | 4.5 | % |  | SIFMA |  | M31 TEBS |  | Barclays Bank PLC |  | $ | 85,662 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 85,662 |
(1) See Notes 16 and 23 for additional details.
Purchase Date |  | Notional Amount |  |  | Maturity Date |  | Effective Capped Rate (1) |  |  | Index |  | Variable Debt Financing Hedged (1) |  | Counterparty |  | Fair Value as of December 31, 2022 |
August 2019 |  |  | 75,014,903 |  |  | Aug 2024 |  |  | 4.5 | % |  | SIFMA |  | M31 TEBS |  | Barclays Bank PLC |  | $ | 91,627 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 91,627 |
(1) See Notes 16 and 23 for additional details. In April 2023, the Partnership entered into an additional interest rate swap agreement to mitigate interest rate risk associated with variable rate TOB trust financings. The following table summarizes the terms of the interest rate swap agreement:
Purchase Date |  | Notional Amount |  |  | Effective Date |  | Termination Date |  | Fixed Rate Paid |  | Variable Rate Index Received |  | Variable Debt Financing Hedged |  | Counterparty
April 2023 |  | $ | 4,508,000 |  |  | 5/1/2023 |  | 5/1/2033 |  | 3.490% |  | Compounded SOFR |  | TOB Trusts |  | Mizuho Capital Markets

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- Definition Schedule of terms of partnership mortgage revenue bonds and taxable mortgage revenue bonds investments + References No definition available. + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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