Condensed Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Revenues:
Property revenues	$ 4,319,370	$ 3,698,181	$ 12,453,647	$ 10,948,483
Mortgage revenue bond investment income	2,465,876	2,011,059	7,094,549	5,029,943
Gain on early extinquishment of debt	0	0	0	438,816
Other income	359,167	112,400	759,478	325,226
Total Revenues	7,144,413	5,821,640	20,307,674	16,742,468
Expenses:
Real estate operating (exclusive of items shown below)	2,452,229	2,282,147	7,192,751	7,430,764
Asset impairment charge - Weatherford	0	2,716,330	0	2,716,330
Provision for loss on receivables	14,525	0	725,215	0
Depreciation and amortization	1,536,591	1,430,847	4,171,142	3,868,105
Interest	2,138,532	1,184,293	4,646,590	3,029,572
General and administrative	725,115	637,624	2,044,132	1,736,400
Total Expenses	6,866,992	8,251,241	18,779,830	18,781,171
Net (loss) income	277,421	(2,429,601)	1,527,844	(2,038,703)
Net (income) loss attributable to noncontrolling interest	145,369	(221,878)	449,866	(745,086)
Net (loss) income - America First Tax Exempt Investors, L.P.	132,052	(2,207,723)	1,077,978	(1,293,617)
Net income (loss) allocated to:
General Partner	3,750	(13,454)	75,212	13,813
Limited Partners - Unitholders	371,286	(1,331,945)	1,942,800	1,126,689
Unallocated loss of Consolidated Property VIEs	(242,984)	(862,324)	(940,034)	(2,434,119)
Noncontrolling interest	145,369	(221,878)	449,866	(745,086)
Net (loss) income	$ 277,421	$ (2,429,601)	$ 1,527,844	$ (2,038,703)
Unitholders' interest in net income per unit (basic and diluted):
Net income (loss), basic and diluted, per unit	$ 0.01	$ (0.04)	$ 0.06	$ 0.04
Weighted average number of units outstanding, basic and diluted	30,122,928	30,122,928	30,122,928	26,607,324