XML 156 R141.htm IDEA: XBRL DOCUMENT v3.22.0.1
Subsequent Events - Schedule of Terms of MRBs Upon Redemption (Details)
1 Months Ended 12 Months Ended
Jan. 31, 2022
USD ($)
Unit
Dec. 31, 2021
USD ($)
Unit
Dec. 31, 2020
USD ($)
Live929 Apartments [Member]      
Subsequent Event [Line Items]      
Original Maturity Date   Jul. 31, 2049 Jul. 31, 2049
Live929 Apartments [Member] | Baltimore, MD [Member] | Series B [Member]      
Subsequent Event [Line Items]      
Units | Unit [1]   575  
Original Maturity Date [1]   Jul. 01, 2039  
Interest Rate [1],[2]   1.60%  
Mortgage Revenue Bonds [Member]      
Subsequent Event [Line Items]      
Cost Adjusted for Paydowns and Allowances at Restructuring Date | $   $ 41,395,781 $ 24,472,905
Subsequent Event [Member] | Live929 Apartments [Member] | Baltimore, MD [Member] | Series A [Member]      
Subsequent Event [Line Items]      
Month Restructured January 2022    
Units | Unit 575    
Original Maturity Date Jan. 01, 2029    
Interest Rate 4.30%    
Subsequent Event [Member] | Mortgage Revenue Bonds [Member]      
Subsequent Event [Line Items]      
Cost Adjusted for Paydowns and Allowances at Restructuring Date | $ $ 53,493,147    
Subsequent Event [Member] | Mortgage Revenue Bonds [Member] | Live929 Apartments [Member] | Baltimore, MD [Member] | Series A [Member]      
Subsequent Event [Line Items]      
Month Restructured January 2022    
Units | Unit 575    
Original Maturity Date Jul. 01, 2049    
Interest Rate 5.78%    
Cost Adjusted for Paydowns and Allowances at Restructuring Date | $ $ 36,149,147    
Subsequent Event [Member] | Mortgage Revenue Bonds [Member] | Live929 Apartments [Member] | Baltimore, MD [Member] | Series B [Member]      
Subsequent Event [Line Items]      
Month Restructured January 2022    
Units | Unit 575    
Original Maturity Date Jul. 01, 2039    
Interest Rate [3] 1.60%    
Cost Adjusted for Paydowns and Allowances at Restructuring Date | $ $ 17,344,000    
[1] The Partnership purchased the MRB at a discount to outstanding principal of $4.3 million. The purchase price of the bond was $17.3 million.
[2] The MRB has a variable interest rate equal to 69.5% of the sum of LIBOR plus 1.80% multiplied by a margin equal to one minus the maximum U.S. Federal corporate tax rate divided by 0.65.
[3] The MRB has a variable interest rate equal to 69.5% of the sum of LIBOR plus 1.80% multiplied by a margin equal to one minus the maximum Federal corporate tax rate divided by 0.65.