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Mortgage Revenue Bonds - Schedule of MRBs Acquisitions (Details)
3 Months Ended
Mar. 31, 2024
USD ($)
Unit
Mar. 31, 2023
USD ($)
Unit
Schedule Of Available For Sale Securities [Line Items]    
Initial Principal Funded   $ 53,045,000
Mortgage Revenue Bonds [Member]    
Schedule Of Available For Sale Securities [Line Items]    
Initial Principal Funded $ 33,727,000  
Residency at the Entrepreneur [Member] | MRB and Taxable MRB Commitments [Member] | Series J-5 [Member] | CA [Member]    
Schedule Of Available For Sale Securities [Line Items]    
Month Acquired [1]   February 2023
Units | Unit [1]   200
Maturity Date [1]   Apr. 01, 2025
Initial Principal Funded [1]   $ 1,000,000
Residency at the Entrepreneur [Member] | MRB and Taxable MRB Commitments [Member] | Series J-5 [Member] | CA [Member] | SOFR [Member]    
Schedule Of Available For Sale Securities [Line Items]    
Interest Rate [1],[2]   3.60%
Residency at the Mayer [Member] | MRB and Taxable MRB Commitments [Member] | Series M [Member] | Hollywood, CA [Member]    
Schedule Of Available For Sale Securities [Line Items]    
Month Acquired [3] March 2024  
Units | Unit [3] 79  
Maturity Date [3] Apr. 01, 2039  
Initial Principal Funded [3] $ 11,500,000  
Residency at the Mayer [Member] | MRB and Taxable MRB Commitments [Member] | Series M [Member] | Hollywood, CA [Member] | SOFR [Member]    
Schedule Of Available For Sale Securities [Line Items]    
Interest Rate [3],[4] 3.60%  
Windsor Shores Apartments [Member] | MRB and Taxable MRB Commitments [Member] | Series A [Member] | SC [Member]    
Schedule Of Available For Sale Securities [Line Items]    
Month Acquired   January 2023
Units | Unit   176
Maturity Date   Feb. 01, 2030
Interest Rate   6.50%
Initial Principal Funded   $ 21,545,000
The Ivy Apartments [Member] | MRB and Taxable MRB Commitments [Member] | SC [Member]    
Schedule Of Available For Sale Securities [Line Items]    
Month Acquired   January 2023
Units | Unit   212
Maturity Date   Feb. 01, 2030
Interest Rate   6.50%
Initial Principal Funded   $ 30,500,000
[1] The Partnership has committed to provide funding for the Series J-5 MRB totaling $5.0 million. See Note 16.
[2] The interest rate is subject to an all-in floor of 3.87%.
[3] The borrower re-allocated $11.5 million of previously provided funding from a taxable MRB to this new MRB during the acquisition and rehabilitation phase of the property. Upon stabilization of the property, the MRB will be partially repaid and the maximum balance of the MRB after stabilization will not exceed $5.0 million.
[4] The interest rate is subject to an all-in floor of 3.85%. Upon stabilization of the property, the interest rate will reset to a fixed rate based on the SOFR index plus 3.50% on or around the stabilization date.