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Variable Interest Entities - Schedule of Assets and Liabilities of the Partnership Consolidated VIE (Details) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Assets:      
Restricted cash $ 13,446,039 $ 16,602,473 $ 10,446,046
Interest receivable, net 7,075,973 7,446,307  
Mortgage revenue bonds, at fair value 41,157,537 26,671,085  
Governmental issuer loans      
Governmental issuer loans held in trust 121,857,835 226,202,222  
Allowance for credit losses (691,000) (1,038,000)  
Governmental issuer loans, net 121,166,835 225,164,222  
Property loans:      
Property loans outstanding principal 55,898,429 57,064,611  
Allowance for credit losses (3,002,818) (1,930,000)  
Property loans, net 52,895,611 55,134,611  
Real estate assets 3,552,137 4,906,264  
Other assets 92,524,283 49,849,420  
Total Assets [1] 1,485,966,240 1,579,700,160  
Liabilities:      
Accounts payable, accrued expenses and other liabilities 27,307,187 23,480,768  
Debt financing, net 1,020,914,956 1,093,273,157  
Mortgages payable 310,220 1,664,347  
Total Liabilities [1] 1,097,128,561 1,196,267,250  
Variable Interest Entities      
Assets:      
Restricted cash 215,483 771,606  
Interest receivable, net 6,704,954 7,089,580  
Mortgage revenue bonds, at fair value 1,003,127,658 1,013,847,272  
Governmental issuer loans      
Governmental issuer loans held in trust 121,857,835 219,702,222  
Allowance for credit losses (691,000) (1,038,000)  
Governmental issuer loans, net 121,166,835 218,664,222  
Property loans:      
Property loans outstanding principal 46,074,000 48,460,000  
Allowance for credit losses (455,000) (547,000)  
Property loans, net 45,619,000 47,913,000  
Real estate assets 2,442,654 3,796,782  
Other assets 76,662,687 40,038,912  
Total Assets 1,255,939,271 1,332,121,374  
Liabilities:      
Accounts payable, accrued expenses and other liabilities [2] 7,337,788 8,285,369  
Debt financing, net [3] 1,025,425,244 1,098,530,865  
Mortgages payable [4] 310,220 1,664,347  
Total Liabilities $ 1,033,073,252 $ 1,108,480,581  
[1] The condensed consolidated balance sheets include assets of consolidated VIEs that can only be used to settle obligations of these VIEs that totaled $1,255,939,271 and $1,332,121,374 as of September 30, 2025 and December 31, 2024, respectively. The condensed consolidated balance sheets include liabilities of the consolidated VIEs for which creditors do not have recourse to the general credit of the Partnership that totaled $332,547,286 and $370,876,249 as of September 30, 2025 and December 31, 2024, respectively. See Note 3 - Variable Interest Entities for further detail.
[2] Of the amounts reported, $4,543,821 and $5,112,036 are associated with VIEs where the creditor does not have recourse to the general credit of the Partnership as of September 30, 2025 and December 31, 2024, respectively.
[3] Of the amounts reported, $327,693,245 and $364,099,866 are associated with VIEs where the creditor does not have recourse to the general credit of the Partnership as of September 30, 2025 and December 31, 2024, respectively.
[4] The entire mortgages payable balance is associated with a VIE where the creditor does not have recourse to the general credit of the Partnership as of September 30, 2025 and December 31, 2024, respectively.