XML 143 R132.htm IDEA: XBRL DOCUMENT v3.23.2
Fair Value of Financial Instruments - Summary of Activity Related to Level 3 Assets and Liabilities (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Schedule of Available-for-sale Securities [Line Items]        
Assets at Fair Value, beginning balance $ 886,026,783 $ 745,034,841 $ 816,370,069 $ 798,246,109
Total gains (losses) (realized/unrealized) [Abstract]        
Total gain (losses) included in earnings (interest income and interest expense) $ 1,383,541 $ 1,417,910 $ 2,772,369 $ 3,406,948
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest Income (Expense), Net Interest Income (Expense), Net Interest Income (Expense), Net Interest Income (Expense), Net
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest Income (Expense), Net Interest Income (Expense), Net Interest Income (Expense), Net Interest Income (Expense), Net
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax
Total gain (losses) included in other comprehensive (loss) income $ (11,572,946) $ (20,016,372) $ 8,937,143 $ (68,587,109)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases and advances 55,679,750 22,630,000 118,107,563 98,320,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements and redemptions (2,816,007) (9,922,893) (17,486,023) (91,381,929)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Other [1]       (860,533)
Assets at Fair Value, ending balance 928,701,121 739,143,486 928,701,121 739,143,486
Total amount of gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets or liabilities held 9,110 5,086 20,053 144,749
Interest Rate Derivative Instruments [Member]        
Schedule of Available-for-sale Securities [Line Items]        
Derivative Assets (Liabilities) at Fair Value, beginning balance 285,145 397,658 331,240 343,418
Total gains (losses) (realized/unrealized) [Abstract]        
Total gain (losses) included in earnings (interest income and interest expense)   1,324,000 2,629,139  
Total gain (losses) included in earnings (interest income and interest expense) 1,311,754     3,198,738
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements and redemptions   (1,323,378) (2,658,755)  
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements and redemptions (1,295,275)     (3,143,876)
Derivative Assets (Liabilities) at Fair Value, ending balance 301,624 398,280 301,624 398,280
Total amount of gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets or liabilities held (8,235) (12,258) (14,259) 122,126
Bond Purchase Commitment [Member]        
Schedule of Available-for-sale Securities [Line Items]        
Assets at Fair Value, beginning balance 211,476 145,323 98,929 964,404
Total gains (losses) (realized/unrealized) [Abstract]        
Total gain (losses) included in other comprehensive (loss) income (73,376) (136,370) 39,171 (955,451)
Assets at Fair Value, ending balance 138,100 8,953 138,100 8,953
Taxable Mortgage Revenue Bonds [Member]        
Schedule of Available-for-sale Securities [Line Items]        
Assets at Fair Value, beginning balance 18,146,540 9,535,962 16,531,896 3,428,443
Total gains (losses) (realized/unrealized) [Abstract]        
Total gain (losses) included in earnings (interest income and interest expense) (6,049) (10,072) (12,099) (10,072)
Total gain (losses) included in other comprehensive (loss) income (355,087) (116,770) (536,596) (331,693)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases and advances 4,514,875 2,050,750 6,319,875 8,375,750
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements and redemptions (2,861) (2,614) (5,658) (5,172)
Assets at Fair Value, ending balance 22,297,418 11,457,256 22,297,418 11,457,256
Mortgage Revenue Bonds [Member]        
Schedule of Available-for-sale Securities [Line Items]        
Assets at Fair Value, beginning balance 867,383,622 [2] 734,955,898 [3] 799,408,004 [4] 793,509,844 [5]
Total gains (losses) (realized/unrealized) [Abstract]        
Total gain (losses) included in earnings (interest income and interest expense) 77,836 [2] 103,982 [3] 155,329 [4] 218,282 [5]
Total gain (losses) included in other comprehensive (loss) income (11,144,483) [2] (19,763,232) [3] 9,434,568 [4] (67,299,965) [5]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases and advances 51,164,875 [2] 20,579,250 [3] 111,787,688 [4] 89,944,250 [5]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements and redemptions (1,517,871) [2] (8,596,901) [3] (14,821,610) [4] (88,232,881) [5]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Other [1],[5]       (860,533)
Assets at Fair Value, ending balance 905,963,979 [2],[4] 727,278,997 [3] 905,963,979 [2],[4] 727,278,997 [3]
Total amount of gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets or liabilities held $ 17,345 [2] $ 17,344 [3] $ 34,312 [4] $ 22,623 [5]
[1] The other line is related to a re-allocation of the loan loss allowance upon restructuring of the Live 929 Apartments MRBs and property loan.
[2] Mortgage revenue bonds includes both bonds held in trust as well as those held by the Partnership.
[3] Mortgage revenue bonds includes both bonds held in trust as well as those held by the Partnership.
[4] Mortgage revenue bonds includes both bonds held in trust as well as those held by the Partnership.
[5] Mortgage revenue bonds includes both bonds held in trust as well as those held by the Partnership.