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Commitments and Contingencies - Summary of Partnership's Total and Remaining Commitments (Details)
 6 Months Ended
Jun. 30, 2023
USD ($)
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment $ 531,877,182
Remaining Commitment as of June 30, 2023 $ 364,298,375
The Residency at Empire [Member] | Series BB-3 [Member]  
Commitments And Other Guarantees [Line Items]  
Maturity Date 2029-12
Interest Rate 6.00%
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment $ 152,500,000
Remaining Commitment as of June 30, 2023 $ 135,070,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency At Mayer [Member] | Series A T Mortgage [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-10
Maturity Date 2024-04 [1]
Total Initial Commitment $ 12,500,000
Remaining Commitment as of June 30, 2023 $ 8,000,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency At Mayer [Member] | Series A T Mortgage [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.70% [2]
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-3 [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-04
Maturity Date 2040-03
Interest Rate 6.00% [2]
Total Initial Commitment $ 26,080,000
Remaining Commitment as of June 30, 2023 $ 21,180,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-4 [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-04
Maturity Date 2040-03
Total Initial Commitment $ 16,420,000
Remaining Commitment as of June 30, 2023 $ 16,420,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-4 [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.60% [2],[3]
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-5 [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2023-02
Maturity Date 2025-04 [1]
Total Initial Commitment $ 5,000,000
Remaining Commitment as of June 30, 2023 $ 4,000,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-5 [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.60% [2]
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-T [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-04
Maturity Date 2025-04 [1]
Total Initial Commitment $ 8,000,000
Remaining Commitment as of June 30, 2023 $ 7,000,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at the Entrepreneur [Member] | Series J-T [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.65% [2]
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at Empire [Member] | Series BB-3 [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-12
Maturity Date 2040-12
Interest Rate 6.45% [2],[4]
Total Initial Commitment $ 14,000,000
Remaining Commitment as of June 30, 2023 $ 13,945,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at Empire [Member] | Series BB-4 [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-12
Maturity Date 2040-12
Interest Rate 6.45% [2],[5]
Total Initial Commitment $ 47,000,000
Remaining Commitment as of June 30, 2023 $ 47,000,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | The Residency at Empire [Member] | Series BB-T [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-12
Maturity Date 2025-12 [1]
Interest Rate 7.45% [2]
Total Initial Commitment $ 9,404,500
Remaining Commitment as of June 30, 2023 $ 8,404,500
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | Meadow Valley [Member] | Series A [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-12
Maturity Date 2029-12
Interest Rate 6.25% [2]
Total Initial Commitment $ 44,000,000
Remaining Commitment as of June 30, 2023 $ 32,525,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | Village at Hanford Square [Member] | Series H-T [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2023-05
Maturity Date 2030-05
Interest Rate 7.25% [2]
Total Initial Commitment $ 10,400,000
Remaining Commitment as of June 30, 2023 $ 9,400,000
Mortgage Revenue Bonds and Taxable Mortgage Revenue Bonds [Member] | 40rty On Colony [Member] | Series P-T [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2023-06
Maturity Date 2030-06
Interest Rate 7.45% [2]
Total Initial Commitment $ 5,950,000
Remaining Commitment as of June 30, 2023 4,950,000
Taxable Mortgage Revenue Bonds [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 46,254,500
Remaining Commitment as of June 30, 2023 37,754,500
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 157,057,835
Remaining Commitment as of June 30, 2023 $ 67,093,555
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Osprey Village [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-07
Maturity Date 2024-08 [1]
Total Initial Commitment $ 60,000,000
Remaining Commitment as of June 30, 2023 $ 1,473,020
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Osprey Village [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.07% [2]
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Poppy Grove I [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-09
Maturity Date 2025-04 [1]
Interest Rate 6.78% [2]
Total Initial Commitment $ 35,688,328
Remaining Commitment as of June 30, 2023 $ 22,342,328
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Poppy Grove II [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-09
Maturity Date 2025-04 [1]
Interest Rate 6.78% [2]
Total Initial Commitment $ 22,250,000
Remaining Commitment as of June 30, 2023 $ 15,708,700
Governmental Issuer Loans and Taxable Governmental Issuer Loans [Member] | Poppy Grove III [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-09
Maturity Date 2025-04 [1]
Interest Rate 6.78% [2]
Total Initial Commitment $ 39,119,507
Remaining Commitment as of June 30, 2023 27,569,507
Taxable Governmental Issuer Loans [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 56,579,465
Remaining Commitment as of June 30, 2023 $ 53,579,465
Taxable Governmental Issuer Loans [Member] | Poppy Grove I [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-09
Maturity Date 2025-04 [1]
Interest Rate 6.78% [2]
Total Initial Commitment $ 21,157,672
Remaining Commitment as of June 30, 2023 $ 20,157,672
Taxable Governmental Issuer Loans [Member] | Poppy Grove II [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-09
Maturity Date 2025-04 [1]
Interest Rate 6.78% [2]
Total Initial Commitment $ 10,941,300
Remaining Commitment as of June 30, 2023 $ 9,941,300
Taxable Governmental Issuer Loans [Member] | Poppy Grove III [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-09
Maturity Date 2025-04 [1]
Interest Rate 6.78% [2]
Total Initial Commitment $ 24,480,493
Remaining Commitment as of June 30, 2023 23,480,493
Property Loans [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 46,851,328
Remaining Commitment as of June 30, 2023 $ 35,820,296
Property Loans [Member] | Osprey Village [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-07
Maturity Date 2024-08 [1]
Total Initial Commitment $ 25,500,000
Remaining Commitment as of June 30, 2023 $ 24,500,000
Property Loans [Member] | Osprey Village [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.07% [2]
Property Loans [Member] | Willow Place Apartments [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-09
Maturity Date 2024-10 [1]
Total Initial Commitment $ 21,351,328
Remaining Commitment as of June 30, 2023 $ 11,320,296
Property Loans [Member] | Willow Place Apartments [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 3.30% [2]
Property Loans [Member] | Anaheim & Walnut [Member] | SOFR [Member]  
Commitments And Other Guarantees [Line Items]  
Interest Rate 4.85% [2]
Joint Venture Investments [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment $ 68,734,054
Remaining Commitment as of June 30, 2023 $ 31,080,559
Joint Venture Investments [Member] | Vantage at San Marcos [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2020-11 [6],[7]
Total Initial Commitment $ 9,914,529 [6],[7]
Remaining Commitment as of June 30, 2023 $ 8,943,914 [6],[7]
Joint Venture Investments [Member] | Vantage at Loveland [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-04 [8]
Total Initial Commitment $ 18,215,000 [8]
Remaining Commitment as of June 30, 2023 $ 1,886,000 [8]
Joint Venture Investments [Member] | Freestone Greeley [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-10 [6]
Total Initial Commitment $ 16,035,710 [6]
Remaining Commitment as of June 30, 2023 $ 11,325,008 [6]
Joint Venture Investments [Member] | Freestone Cresta Bella [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2022-11
Total Initial Commitment $ 16,405,514
Remaining Commitment as of June 30, 2023 $ 6,165,518
Joint Venture Investments [Member] | Valage Senior Living Carson Valley [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2023-02
Total Initial Commitment $ 8,163,301
Remaining Commitment as of June 30, 2023 2,760,119
Bond Purchase Commitment [Member]  
Commitments And Other Guarantees [Line Items]  
Total Initial Commitment 3,900,000
Remaining Commitment as of June 30, 2023 $ 3,900,000
Bond Purchase Commitment [Member] | Anaheim & Walnut [Member]  
Commitments And Other Guarantees [Line Items]  
Commitment Date 2021-09
Maturity Date Q3 2024 [9]
Total Initial Commitment $ 3,900,000
Remaining Commitment as of June 30, 2023 $ 3,900,000
[1] The borrowers may elect to extend the maturity date for a period ranging between six and twelve months upon meeting certain conditions, which may include payment of a non-refundable extension fee.
[2] The variable index interest rate components are typically subject to floors that range from 0% to 0.85%.
[3] Upon stabilization, the MRB will convert to a fixed rate of 8.0% and become subordinate to the other senior MRBs.
[4] Beginning December 2029, the interest rate will change to the greater of (i) 3.25% over the then 10-Year SOFR Swap rate, or (ii) 6.00%.
[5] Upon stabilization, the MRB will convert to a fixed rate of 10.0% and become subordinate to the other senior MRBs of the borrower.
[6] A development site has been identified for this property but construction had not commenced as of June 30, 2023.
[7] The property became a consolidated VIE effective during the fourth quarter of 2021 (Note 5).
[8] In July 2023, the Partnership's initial commitment of $16.3 million was increased by $1.9 million upon meeting certain conditions as outlined in the original agreement.
[9] This is the estimated closing date of the associated bond purchase commitment.