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Governmental Issuer Loans - Summary of Partnership's GIL Investments (Details)
 9 Months Ended 12 Months Ended
Sep. 30, 2023
USD ($)
Unit
Sep. 30, 2022
Dec. 31, 2022
USD ($)
Unit
Governmental Issuer Loans [Line Items]      
Amortized Cost $ 254,378,300   $ 300,230,435
Governmental Issuer Loans [Member] | TOB Trust [Member]      
Governmental Issuer Loans [Line Items]      
Units | Unit 1,927   2,419
Amortized Cost $ 255,947,300   $ 300,230,435
Governmental Issuer Loans [Member] | Scharbauer Flats Apartments [Member] | TOB Trust [Member] | Midland, TX [Member]      
Governmental Issuer Loans [Line Items]      
Month Acquired June 2020 [1]   June 2020 [2]
Units | Unit 300 [1]   300 [2]
Maturity Date Jan. 01, 2024 [1],[3]   Jul. 01, 2023 [2],[4]
Current Interest Rate 7.08% [1]   6.76% [2]
Amortized Cost $ 40,000,000 [1]   $ 40,000,000 [2]
Governmental Issuer Loans [Member] | Scharbauer Flats Apartments [Member] | TOB Trust [Member] | SIFMA [Member] | Midland, TX [Member]      
Governmental Issuer Loans [Line Items]      
Interest Rate 3.10% [1],[5]   3.10% [2],[6]
Governmental Issuer Loans [Member] | Oasis at Twin Lakes [Member] | TOB Trust [Member] | Roseville, MN [Member]      
Governmental Issuer Loans [Line Items]      
Month Acquired [2]     July 2020
Units | Unit [2]     228
Maturity Date [2],[4]     Aug. 01, 2023
Current Interest Rate [2]     5.91%
Amortized Cost [2]     $ 34,000,000
Governmental Issuer Loans [Member] | Oasis at Twin Lakes [Member] | TOB Trust [Member] | SIFMA [Member] | Roseville, MN [Member]      
Governmental Issuer Loans [Line Items]      
Interest Rate [2],[6]     2.25%
Governmental Issuer Loans [Member] | Centennial Crossings [Member] | TOB Trust [Member] | Centennial, CO [Member]      
Governmental Issuer Loans [Line Items]      
Month Acquired [2]     August 2020
Units | Unit [2]     209
Maturity Date [2],[4]     Sep. 01, 2023
Current Interest Rate [2]     6.41%
Amortized Cost [2]     $ 33,080,000
Governmental Issuer Loans [Member] | Centennial Crossings [Member] | TOB Trust [Member] | SIFMA [Member] | Centennial, CO [Member]      
Governmental Issuer Loans [Line Items]      
Interest Rate [2],[6]     2.75%
Governmental Issuer Loans [Member] | Legacy Commons at Signal Hills [Member] | TOB Trust [Member] | St. Paul, MN [Member]      
Governmental Issuer Loans [Line Items]      
Month Acquired January 2021 [1]   January 2021 [2]
Units | Unit 247 [1]   247 [2]
Maturity Date Feb. 01, 2024 [1],[3]   Feb. 01, 2024 [2],[4]
Current Interest Rate 8.39% [1]   7.37% [2]
Amortized Cost $ 34,620,000 [1]   $ 34,620,000 [2]
Governmental Issuer Loans [Member] | Legacy Commons at Signal Hills [Member] | TOB Trust [Member] | SOFR [Member] | St. Paul, MN [Member]      
Governmental Issuer Loans [Line Items]      
Interest Rate 3.07% [1],[5]   3.07% [2],[6]
Governmental Issuer Loans [Member] | Hilltop at Signal Hills [Member] | TOB Trust [Member] | St. Paul, MN [Member]      
Governmental Issuer Loans [Line Items]      
Month Acquired [2]     January 2021
Units | Unit [2]     146
Maturity Date [2],[4]     Aug. 01, 2023
Current Interest Rate [2]     7.37%
Amortized Cost [2]     $ 24,450,000
Governmental Issuer Loans [Member] | Hilltop at Signal Hills [Member] | TOB Trust [Member] | SOFR [Member] | St. Paul, MN [Member]      
Governmental Issuer Loans [Line Items]      
Interest Rate [2],[6]     3.07%
Governmental Issuer Loans [Member] | Hope on Avalon [Member] | TOB Trust [Member] | Los Angeles, CA [Member]      
Governmental Issuer Loans [Line Items]      
Month Acquired January 2021   January 2021
Units | Unit 88   88
Maturity Date Feb. 01, 2024 [3]   Aug. 01, 2023 [4]
Current Interest Rate 7.73%   7.41%
Amortized Cost $ 23,390,000   $ 23,390,000
Governmental Issuer Loans [Member] | Hope on Avalon [Member] | TOB Trust [Member] | SIFMA [Member] | Los Angeles, CA [Member]      
Governmental Issuer Loans [Line Items]      
Interest Rate 3.75% [5]   3.75% [6]
Governmental Issuer Loans [Member] | Hope on Broadway [Member] | TOB Trust [Member] | Los Angeles, CA [Member]      
Governmental Issuer Loans [Line Items]      
Month Acquired     January 2021
Units | Unit     49
Maturity Date [4]     Aug. 01, 2023
Current Interest Rate     7.41%
Amortized Cost     $ 12,105,623
Governmental Issuer Loans [Member] | Hope on Broadway [Member] | TOB Trust [Member] | SIFMA [Member] | Los Angeles, CA [Member]      
Governmental Issuer Loans [Line Items]      
Interest Rate [6]     3.75%
Governmental Issuer Loans [Member] | Osprey Village [Member] | TOB Trust [Member] | Kissimmee FL [Member]      
Governmental Issuer Loans [Line Items]      
Month Acquired July 2021 [1]   July 2021 [2]
Units | Unit 383 [1]   383 [2]
Maturity Date Aug. 01, 2024 [1],[3]   Aug. 01, 2024 [2],[4]
Current Interest Rate 8.37% [1]   6.88% [2]
Amortized Cost $ 60,000,000 [1]   $ 39,893,040 [2]
Governmental Issuer Loans [Member] | Osprey Village [Member] | TOB Trust [Member] | SOFR [Member] | Kissimmee FL [Member]      
Governmental Issuer Loans [Line Items]      
Interest Rate 3.07% [1],[5]   3.07% [2],[6]
Governmental Issuer Loans [Member] | Willow Place Apartments [Member] | TOB Trust [Member] | McDonough, GA [Member]      
Governmental Issuer Loans [Line Items]      
Month Acquired September 2021 [1]   September 2021 [2]
Units | Unit 182 [1]   182 [2]
Maturity Date Oct. 01, 2024 [1],[3]   Oct. 01, 2024 [2],[4]
Current Interest Rate 8.60% [1]   7.11% [2]
Amortized Cost $ 25,000,000 [1]   $ 17,354,472 [2]
Governmental Issuer Loans [Member] | Willow Place Apartments [Member] | TOB Trust [Member] | SOFR [Member] | McDonough, GA [Member]      
Governmental Issuer Loans [Line Items]      
Interest Rate 3.30% [1],[5]   3.30% [2],[6]
Governmental Issuer Loans [Member] | Magnolia Heights [Member] | TOB Trust [Member] | Covington, GA [Member]      
Governmental Issuer Loans [Line Items]      
Month Acquired June 2022 [1]   June 2022 [2]
Units | Unit 200 [1]   200 [2]
Maturity Date Jul. 01, 2024 [1],[3]   Jul. 01, 2024 [2],[4]
Current Interest Rate 9.15% [1]   7.66% [2]
Amortized Cost $ 20,400,000 [1]   $ 20,400,000 [2]
Governmental Issuer Loans [Member] | Magnolia Heights [Member] | TOB Trust [Member] | SOFR [Member] | Covington, GA [Member]      
Governmental Issuer Loans [Line Items]      
Interest Rate 3.85% [1],[5]   3.85% [2],[6]
Governmental Issuer Loans [Member] | Poppy Grove I [Member] | TOB Trust [Member] | Elk Grove, CA [Member]      
Governmental Issuer Loans [Line Items]      
Month Acquired September 2022 [1],[7]   September 2022 [2],[8]
Units | Unit 147 [1],[7]   147 [2],[8]
Maturity Date Apr. 01, 2025 [1],[3],[7]   Apr. 01, 2025 [2],[4],[8]
Interest Rate 6.78% [1],[5],[7]   6.78% [2],[6],[8]
Current Interest Rate 6.78% [1],[7]   6.78% [2],[8]
Amortized Cost $ 17,346,000 [1],[7]   $ 7,846,000 [2],[8]
Governmental Issuer Loans [Member] | Poppy Grove II [Member]      
Governmental Issuer Loans [Line Items]      
Maturity Date [9]   Apr. 01, 2025  
Governmental Issuer Loans [Member] | Poppy Grove II [Member] | TOB Trust [Member] | Elk Grove, CA [Member]      
Governmental Issuer Loans [Line Items]      
Month Acquired September 2022 [1],[7]   September 2022 [2],[8]
Units | Unit 82 [1],[7]   82 [2],[8]
Maturity Date Apr. 01, 2025 [1],[3],[7]   Apr. 01, 2025 [2],[4],[8]
Interest Rate 6.78% [1],[5],[7]   6.78% [2],[6],[8]
Current Interest Rate 6.78% [1],[7]   6.78% [2],[8]
Amortized Cost $ 8,541,300 [1],[7]   $ 4,541,300 [2],[8]
Governmental Issuer Loans [Member] | Poppy Grove III [Member]      
Governmental Issuer Loans [Line Items]      
Maturity Date [9]   Apr. 01, 2025  
Governmental Issuer Loans [Member] | Poppy Grove III [Member] | TOB Trust [Member] | Elk Grove, CA [Member]      
Governmental Issuer Loans [Line Items]      
Month Acquired September 2022 [1],[7]   September 2022 [2],[8]
Units | Unit 158 [1],[7]   158 [2],[8]
Maturity Date Apr. 01, 2025 [1],[3],[7]   Apr. 01, 2025 [2],[4],[8]
Interest Rate 6.78% [1],[5],[7]   6.78% [2],[6],[8]
Current Interest Rate 6.78% [1],[7]   6.78% [2],[8]
Amortized Cost $ 14,550,000 [1],[7]   $ 8,550,000 [2],[8]
Governmental Issuer Loans [Member] | Sandy Creek Apartments [Member] | TOB Trust [Member] | Bryan, TX [Member]      
Governmental Issuer Loans [Line Items]      
Month Acquired [1] August 2023    
Units | Unit [1] 140    
Maturity Date [1],[3] Sep. 01, 2026    
Interest Rate [1],[5],[10] 7.83%    
Current Interest Rate [1] 7.83%    
Amortized Cost [1] $ 12,100,000    
[1] The Freddie Mac servicer that has forward committed to purchase the GIL at maturity is an affiliate of the Partnership (Note 22).
[2] The Freddie Mac servicer that has forward committed to purchase the GIL at maturity is an affiliate of the Partnership (Note 22).
[3] The borrowers may elect to extend the maturity dates by six months upon meeting certain conditions, which may include payment of a non-refundable extension fee.
[4] The borrowers may elect to extend the maturity dates by six months upon meeting certain conditions, which may include payment of a non-refundable extension fee.
[5] The variable index interest rate components are typically subject to floors that range from 0% to 0.85%.
[6] The variable index interest rate components are typically subject to floors that range from 0% to 0.85%.
[7] The Partnership has agreed to provide a subordinate GIL after the execution of Freddie Mac’s forward purchase commitment if needed by the property. The potential subordinate GIL amounts are up to $3.8 million, $2.2 million, and $4.2 million for Poppy Grove I, Poppy Grove II, and Poppy Grove III, respectively.
[8] The Partnership has agreed to provide a subordinate GIL after the execution of Freddie Mac’s forward purchase commitment if needed by the property. The potential subordinate GIL amounts are up to $3.8 million, $2.2 million, and $4.2 million for Poppy Grove I, Poppy Grove II, and Poppy Grove III, respectively.
[9] The borrower has the option to extend the maturity up to six months upon payment of a non-refundable extension fee.
[10] The interest rate will convert to a variable rate of Term SOFR + 2.80% on February 1, 2025.