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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 47,807,772 $ 62,387,292
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 1,223,822 2,056,512
Amortization of deferred financing costs 1,751,442 1,926,580
Gain on sale of investments in unconsolidated entities (22,725,398) (39,664,032)
Provision for credit losses (1,881,000)  
Recovery of prior credit loss (51,656) (39,968)
Gain on derivative financial instruments, net of cash paid (6,805,254) (6,511,803)
Restricted unit compensation expense 1,540,609 919,563
Bond premium, discount and origination fee amortization (161,571) (1,822,874)
Debt premium amortization (30,424) (30,444)
Deferred income tax expense (benefit) & income tax payable/receivable 11,554 (83,875)
Change in preferred return receivable from unconsolidated entities, net (4,410,406) (534,375)
Accrued interest added to property loan principal   (635,226)
Changes in operating assets and liabilities    
(Increase) decrease in interest receivable 2,002,214 (90,263)
(Increase) decrease in other assets 838,613 (399,014)
Increase in accounts payable, accrued expenses and other liabilities 1,085,935 2,243,446
Net cash provided by (used in) operating activities 20,196,252 19,721,519
Cash flows from investing activities:    
Capital expenditures (578,461) (424,672)
Proceeds from sale of land held for development 441,714  
Advances on mortgage revenue bonds (119,452,688) (91,567,687)
Advances on taxable mortgage revenue bonds (10,319,875) (10,675,750)
Advances on governmental issuer loans (60,352,488) (96,507,805)
Advances on taxable governmental issuer loans (5,573,000) (3,000,000)
Advances on property loans (30,125,762) (84,680,165)
Contributions to unconsolidated entities (18,643,536) (23,124,223)
Proceeds from sale of investments in unconsolidated entities 44,042,573 66,645,440
Return of investments in unconsolidated entities   1,367,465
Principal payments received on mortgage revenue bonds and contingent interest 23,383,265 101,258,367
Principal payments received on governmental issuer loans 104,635,623  
Principal payments received on taxable mortgage revenue bonds 7,008,583 7,848
Principal payments received on property loans 88,226,286 30,332,123
Net cash provided by (used in) investing activities 22,692,234 (110,369,059)
Cash flows from financing activities:    
Distributions paid (33,302,952) (37,604,215)
Proceeds from debt financing 236,292,000 303,630,000
Principal payments on debt financing (214,115,888) (161,043,610)
Principal borrowing on mortgages payable 25,000,000  
Principal payments on mortgages payable   (593,946)
Principal borrowing on secured lines of credit 111,700,000 57,742,000
Principal payments on secured lines of credit (150,700,000) (72,514,000)
Decrease in security deposit liability related to restricted cash (50,695) (44,728)
Proceeds upon issuance of Redeemable Preferred Units 18,000,000  
Payment upon redemption of Redeemable Preferred Units (20,000,000)  
Proceeds upon exchange of Redeemable Preferred Units   20,000,000
Payment upon exchange of Redeemable Preferred Units   (20,000,000)
Debt financing and other deferred costs paid (1,522,362) (1,802,803)
Net cash provided by (used in) financing activities (28,699,897) 87,768,698
Net increase (decrease) in cash, cash equivalents and restricted cash 14,188,589 (2,878,842)
Cash, cash equivalents and restricted cash at beginning of period 92,637,256 151,932,470
Cash, cash equivalents and restricted cash at end of period 106,825,845 149,053,628
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 41,644,811 21,731,753
Cash paid during the period for income taxes   38,313
Supplemental disclosure of noncash investing and financing activities:    
Distributions declared but not paid for BUCs and General Partner 8,481,019 8,312,836
Distributions declared but not paid for Preferred Units 693,750 708,750
Exchange of Redeemable Preferred Units 7,000,000  
Non-cash contribution to unconsolidated entity 997,062  
Capital expenditures financed through accounts payable 5,902 505,347
Deferred financing costs financed through accounts payable $ 149,650 $ 34,934