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Variable Interest Entities (Tables)
 12 Months Ended
Dec. 31, 2014
Variable Interest Entities [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
the Partnership has made taxable property loans to these consolidated VIEs of $7.4 million and $7.1 million as of December 31, 2014 and 2013, respectively.
VIEs - December 31, 2014
 
 
 
 
 
 
Base
 
Principal
 
Income
 
 
 
 
Maturity
 
Interest
 
Outstanding at
 
Earned in
Property Name
 
Location
 
Date
 
Rate
 
December 31, 2014
 
2014
Bent Tree Apartments (1)
 
Columbia, SC
 
12/15/2030
 
6.25
%
 
$
7,465,000

 
$
468,859

Fairmont Oaks Apartments (1)
 
Gainesville, FL
 
4/1/2033
 
6.30
%
 
7,266,000

 
460,420

Total Mortgage Revenue Bonds
 
 
 
 
 
 
 
$
14,731,000

 
$
929,279

(1) Bonds held by ATAX TEBS I, LLC
VIEs - December 31, 2013
 
 
 
 
 
 
Base
 
Principal
 
Income
 
 
 
 
Maturity
 
Interest
 
Outstanding at
 
Earned in
Property Name
 
Location
 
Date
 
Rate
 
December 31, 2013
 
2013
Bent Tree Apartments (1)
 
Columbia, SC
 
12/15/2030
 
6.25
%
 
$
7,542,000

 
$
473,438

Fairmont Oaks Apartments (1)
 
Gainesville, FL
 
4/1/2033
 
6.30
%
 
$
7,355,000

 
$
465,791

Total Mortgage Revenue Bonds
 
 
 
 
 
 
 
$
14,897,000

 
$
939,229

(1) Bonds held by ATAX TEBS I, LLC
The following is a summary of the taxable loans, accrued interest and allowance on amounts due at December 31, 2014 and 2013 :
 
December 31, 2014
 
Outstanding Balance
 
Accrued Interest
 
Loan Loss Reserves
 
Interest Allowance
 
Net Taxable Loans
Arbors at Hickory Ridge
$
191,264

 
$
26,047

 
$
—

 
$
—

 
$
217,311

Ashley Square
5,078,342

 
2,455,660

 
(3,596,342
)
 
(2,455,660
)
 
1,482,000

Avistar (February 2013 portfolio)
274,496

 
16,470

 
—

 
—

 
290,966

Avistar (June 2013 portfolio)
251,622

 
15,097

 
—

 
—

 
266,719

Cross Creek
6,976,087

 
2,084,804

 
(3,447,472
)
 
(2,084,804
)
 
3,528,615

Foundation for Affordable Housing
1,560,553

 
1,735

 
—

 
—

 
1,562,288

Greens Property
850,000

 
231,342

 
—

 
—

 
1,081,342

Lake Forest
4,618,704

 
2,599,613

 
(55,000
)
 
(2,578,778
)
 
4,584,539

Ohio Properties
2,390,447

 
894,044

 
—

 
(307,832
)
 
2,976,659

 
$
22,191,515

 
$
8,324,812

 
$
(7,098,814
)
 
$
(7,427,074
)
 
$
15,990,439

 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
 
Outstanding Balance
 
Accrued Interest
 
Loan Loss Reserves
 
Interest Allowance
 
Net Taxable Loans
Arbors at Hickory Ridge
$
191,264

 
$
12,979

 
$
—

 
$
—

 
$
204,243

Ashley Square
5,078,342

 
2,053,415

 
(3,596,342
)
 
(2,053,415
)
 
1,482,000

Cross Creek
6,821,087

 
1,825,389

 
(3,372,472
)
 
(1,825,389
)
 
3,448,615

Foundation for Affordable Housing
1,603,083

 
13,989

 
—

 
—

 
1,617,072

Greens Property
876,000

 
130,563

 
—

 
(921
)
 
1,005,642

Lake Forest
4,618,704

 
2,148,881

 
(55,000
)
 
(2,128,046
)
 
4,584,539

Ohio Properties
2,361,447

 
585,377

 
—

 
(186,706
)
 
2,760,118

 
$
21,549,927

 
$
6,770,593

 
$
(7,023,814
)
 
$
(6,194,477
)
 
$
15,102,229
Variable Interest Entity, Classification of Carrying Amount, Assets [Table Text Block]
The following table presents information regarding the classification of the assets at their carrying value and maximum exposure to loss held by the Partnership as of December 31, 2014 and 2013, which constitute variable interest entities.
December 31, 2014
 
 
 Balance Sheet Classification
 
 Maximum Exposure to Loss
 
 
 Mortgage Revenue Bond
 
 Property Loan
 
 Mortgage Revenue Bond
 
 Property Loan
Ashley Square Apartments
 
$
5,645,559

 
$
1,482,000

 
$
5,159,000

 
$
7,534,002

Bruton Apartments
 
18,145,000

 
—

 
18,145,000

 
—

Cross Creek
 
8,617,079

 
3,528,615

 
6,074,817

 
3,528,615

Glenview Apartments
 
6,723,000

 
—

 
6,723,000

 
—

Harden Ranch
 
9,300,000

 
—

 
9,300,000

 
—

Montclair Apartments
 
3,458,000

 
—

 
3,458,000

 
—

Santa Fe Apartments
 
4,736,000

 
—

 
4,736,000

 
—

Tyler Park Apartments
 
8,100,000

 
—

 
8,100,000

 
—

Westside Village Market
 
5,400,000

 
—

 
5,400,000

 
—

 
 
$
70,124,638

 
$
5,010,615

 
$
67,095,817

 
$
11,062,617


December 31, 2013
 
 
 Balance Sheet Classification
 
 Maximum Exposure to Loss
 
 
 Mortgage Revenue Bond
 
 Property Loan
 
 Mortgage Revenue Bond
 
 Property Loan
Ashley Square Apartments
 
$
5,212,000

 
$
1,482,000

 
$
5,212,000

 
$
7,131,757

Cross Creek
 
7,522,563

 
3,448,615

 
6,042,297

 
3,448,615

Tyler Park Apartments
 
8,100,000

 
—

 
8,100,000

 
—

Westside Village Market
 
5,400,000

 
—

 
5,400,000

 
—

 
 
$
26,234,563

 
$
4,930,615

 
$
24,754,297

 
$
10,580,372
Schedule of Condensed Income Statement [Table Text Block]
Consolidating Statements of Operations for the years ended December 31, 2014, 2013, and 2012:

 
 Partnership For the Year Ended December 31, 2014
 
 Consolidated VIEs For the Year Ended December 31, 2014
 
 Consolidation -Elimination For the Year Ended December 31, 2014
 
 Total For the Year Ended December 31, 2014
Revenues:
 
 
 
 
 
 
 
Property revenues
$
14,250,572

 
$
—

 
$
—

 
$
14,250,572

Mortgage revenue bond investment income
26,606,234

 
—

 
—

 
26,606,234

Contingent interest income
40,000

 
—

 
—

 
40,000

Other interest income
856,217

 
—

 
—

 
856,217

Gain on mortgage revenue bonds - sale and redemption
3,701,772

 
—

 
—

 
3,701,772

Other income
188,000

 
—

 
—

 
188,000

Total revenues
45,642,795

 
—

 
—

 
45,642,795

Expenses:


 


 


 


Real estate operating (exclusive of items shown below)
7,796,761

 
—

 
—

 
7,796,761

Provision for loan loss
75,000

 
—

 
—

 
75,000

Depreciation and amortization
6,081,500

 
—

 
—

 
6,081,500

Interest
11,165,911

 
—

 
—

 
11,165,911

General and administrative
5,547,208

 
—

 
—

 
5,547,208

Total expenses
30,666,380

 
—

 
—

 
30,666,380

Income (loss) from continuing operations
14,976,415

 
—

 
—

 
14,976,415

Income (loss) from discontinued operations
688,333

 
(1,987,839
)
 
1,352,279

 
52,773

Net Income
15,664,748

 
(1,987,839
)
 
1,352,279

 
15,029,188

Net (loss) income attributable to noncontrolling interest
(4,673
)
 
—

 
—

 
(4,673
)
Net income (loss) - America First Multifamily Investors, L. P.
$
15,669,421

 
$
(1,987,839
)
 
$
1,352,279

 
$
15,033,861

 
 
 Partnership For the Year Ended December 31, 2013
 
 Consolidated VIEs For the Year Ended December 31, 2013
 
 Consolidation -Elimination For the Year Ended December 31, 2013
 
 Total For the Year Ended December 31, 2013
Revenues:
 
 
 
 
 
 
 
Property revenues
$
11,358,718

 
$
1,757,140

 
$
—

 
$
13,115,858

Mortgage revenue bond investment income
23,170,169

 
—

 
(518,547
)
 
22,651,622

Contingent interest income
6,497,160

 
—

 
—

 
6,497,160

Other interest income
1,772,338

 
—

 
—

 
1,772,338

Other income
250,000

 
9,186,828

 
(9,186,828
)
 
250,000

Total revenues
43,048,385

 
10,943,968

 
(9,705,375
)
 
44,286,978

Expenses:
 
 
 
 
 
 
 
Real estate operating (exclusive of items shown below)
6,522,091

 
1,100,091

 
—

 
7,622,182

Realized loss on taxable property loan
4,557,741

 
—

 
—

 
4,557,741

Provision for loan loss
168,000

 
—

 
—

 
168,000

Provision for loss on receivables
241,698

 
—

 
—

 
241,698

Depreciation and amortization
5,365,376

 
471,692

 
(13,591
)
 
5,823,477

Interest
6,990,844

 
1,034,584

 
(1,034,584
)
 
6,990,844

General and administrative
4,237,245

 
—

 
—

 
4,237,245

Total expenses
28,082,995

 
2,606,367

 
(1,048,175
)
 
29,641,187

Income (loss) from continuing operations
14,965,390

 
8,337,601

 
(8,657,200
)
 
14,645,791

Income from discontinued operations (including gain on sale of MF Property of $3,177,183 in 2013)
4,127,714

 
(2,072,030
)
 
1,275,367

 
3,331,051

Net income (loss)
19,093,104

 
6,265,571

 
(7,381,833
)
 
17,976,842

Net income attributable to noncontrolling interest
261,923

 
—

 
—

 
261,923

Net income (loss) - America First Multifamily Investors, L.P.
$
18,831,181

 
$
6,265,571

 
$
(7,381,833
)
 
$
17,714,919

 
 Partnership For the Year Ended December 31, 2012
 
 Consolidated VIEs For the Year Ended December 31, 2012
 
 Consolidation -Elimination For the Year Ended December 31, 2012
 
 Total For the Year Ended December 31, 2012
Revenues:
 
 
 
 
 
 
 
Property revenues
$
7,846,812

 
$
1,839,602

 
$
—

 
$
9,686,414

Mortgage revenue bond investment income
11,650,280

 
—

 
(571,813
)
 
11,078,467

Gain on mortgage revenue bond - sale
680,444

 
—

 
—

 
680,444

Other interest income
150,882

 
—

 
—

 
150,882

Other income
557,300

 
(1,972
)
 
—

 
555,328

Total Revenues
20,885,718

 
1,837,630

 
(571,813
)
 
22,151,535

Expenses:


 


 


 


Real estate operating (exclusive of items shown below)
4,604,870

 
1,418,053

 
—

 
6,022,923

Provision for loss on receivables
452,700

 
—

 
—

 
452,700

Depreciation and amortization
3,437,684

 
633,914

 
(14,986
)
 
4,056,612

Interest
5,275,008

 
1,116,551

 
(1,116,551
)
 
5,275,008

General and administrative
3,512,233

 
—

 
—

 
3,512,233

Total Expenses
17,282,495

 
3,168,518

 
(1,131,537
)
 
19,319,476

Income (loss) from continuing operations
3,603,223

 
(1,330,888
)
 
559,724

 
2,832,059

Income from discontinued operations (including gain on sale of MF Property of $1.406,608 in 2012)
2,915,661

 
(1,955,008
)
 
1,203,326

 
2,163,979

Net income (loss)
6,518,884

 
(3,285,896
)
 
1,763,050

 
4,996,038

Net income attributable to noncontrolling interest
549,194

 
—

 
—

 
549,194

Net income (loss) - America First Multifamily Investors, L. P.
$
5,969,690

 
$
(3,285,896
)
 
$
1,763,050

 
$
4,446,844
Schedule of Condensed Balance Sheet [Table Text Block]
Consolidating Balance Sheets as of December 31, 2014 and 2013:
 
 
Partnership as of December 31, 2014
 
 Consolidated VIEs as of December 31, 2014
 
 Consolidation -Elimination as of December 31, 2014
 
 Total as of December 31, 2014
Assets
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
49,157,571

 
$
—

 
$
—

 
$
49,157,571

Restricted cash
 
11,141,496

 
—

 
—

 
11,141,496

Interest receivable
 
4,121,486

 
—

 
—

 
4,121,486

Mortgage revenue bonds held in trust
 
378,423,092

 
—

 
—

 
378,423,092

Mortgage revenue bonds
 
70,601,045

 
—

 
—

 
70,601,045

Public housing capital fund trusts
 
61,263,123

 
—

 
—

 
61,263,123

Mortgage-backed securities
 
14,841,558

 
—

 
—

 
14,841,558

Real estate assets:
 
 
 
 
 
 
 
 
Land and land improvements
 
13,753,493

 
—

 
—

 
13,753,493

Buildings and improvements
 
110,706,173

 
—

 
—

 
110,706,173

Real estate assets before accumulated depreciation
 
124,459,666

 
—

 
—

 
124,459,666

Accumulated depreciation
 
(14,108,154
)
 
—

 
—

 
(14,108,154
)
Net real estate assets
 
110,351,512

 
—

 
—

 
110,351,512

Other assets
 
31,134,319

 
—

 
—

 
31,134,319

Assets held for sale
 
27,640,053

 
13,456,861

 
(27,892,899
)
 
13,204,015

Total Assets
 
$
758,675,255

 
$
13,456,861

 
$
(27,892,899
)
 
$
744,239,217

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Accounts payable, accrued expenses and other liabilities
 
$
4,123,346

 
$
—

 
$
—

 
$
4,123,346

Distribution payable
 
7,617,390

 
—

 
—

 
7,617,390

Debt financing
 
345,359,000

 
—

 
—

 
345,359,000

Mortgage payable
 
76,707,834

 
—

 
—

 
76,707,834

Liabilities held for sale
 
—

 
36,956,477

 
(36,452,734
)
 
503,743

Total Liabilities
 
433,807,570

 
36,956,477

 
(36,452,734
)
 
434,311,313

Partners' Capital
 
 
 
 
 
 
 
 
General Partner
 
578,238

 
—

 
—

 
578,238

Beneficial Unit Certificate holders
 
324,305,442

 
—

 
6,151,675

 
330,457,117

Unallocated loss of Consolidated VIEs
 
—

 
(23,499,616
)
 
2,408,160

 
(21,091,456
)
Total Partners' Capital
 
324,883,680

 
(23,499,616
)
 
8,559,835

 
309,943,899

Noncontrolling interest
 
(15,995
)
 
—

 
—

 
(15,995
)
Total Capital
 
324,867,685

 
(23,499,616
)
 
8,559,835

 
309,927,904

Total Liabilities and Partners' Capital
 
$
758,675,255

 
$
13,456,861

 
$
(27,892,899
)
 
$
744,239,217

 
 
 
Partnership as of December 31, 2013
 
 Consolidated VIEs as of December 31, 2013
 
 Consolidation -Elimination as of December 31, 2013
 
 Total as of December 31, 2013
Assets
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
11,292,039

 
$
—

 
$
—

 
$
11,292,039

Restricted cash
 
6,344,666

 
—

 
—

 
6,344,666

Interest receivable
 
3,342,038

 
—

 
—

 
3,342,038

Mortgage revenue bonds held in trust
 
216,371,801

 
—

 
—

 
216,371,801

Mortgage revenue bonds
 
68,946,370

 
—

 
—

 
68,946,370

Public housing capital fund trusts
 
62,056,379

 
—

 
—

 
62,056,379

Mortgage-backed securities
 
37,845,661

 
—

 
—

 
37,845,661

Real estate assets:
 
 
 
 
 
 
 
 
Land and land improvements
 
9,245,592

 
—

 
—

 
9,245,592

Buildings and improvements
 
90,253,256

 
—

 
—

 
90,253,256

Real estate assets before accumulated depreciation
 
99,498,848

 
—

 
—

 
99,498,848

Accumulated depreciation
 
(9,386,811
)
 
—

 
—

 
(9,386,811
)
Net real estate assets
 
90,112,037

 
—

 
—

 
90,112,037

Other assets
 
24,173,614

 
—

 
—

 
24,173,614

Assets held for sale
 
25,768,553

 
14,019,837

 
(26,039,963
)
 
13,748,427

Total Assets
 
$
546,253,158

 
$
14,019,837

 
$
(26,039,963
)
 
$
534,233,032

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Accounts payable, accrued expenses and other liabilities
 
$
4,963,653

 
$
—

 
$
—

 
$
4,963,653

Distribution payable
 
6,446,076

 
—

 
—

 
6,446,076

Debt financing
 
257,274,000

 
—

 
—

 
257,274,000

Mortgage payable
 
57,087,320

 
—

 
—

 
57,087,320

Bond purchase commitment at fair value
 
4,852,177

 
—

 
—

 
4,852,177

Liabilities held for sale
 
—

 
35,531,613

 
(35,044,572
)
 
487,041

Total Liabilities
 
330,623,226

 
35,531,613

 
(35,044,572
)
 
331,110,267

Partners' Capital
 
 
 
 
 
 
 
 
General Partner
 
16,671

 
—

 
—

 
16,671

Beneficial Unit Certificate holders
 
215,624,583

 
—

 
7,948,729

 
223,573,312

Unallocated deficit of Consolidated VIEs
 
—

 
(21,511,776
)
 
1,055,880

 
(20,455,896
)
Total Partners' Capital
 
215,641,254

 
(21,511,776
)
 
9,004,609

 
203,134,087

Noncontrolling interest
 
(11,322
)
 
—

 
—

 
(11,322
)
Total Capital
 
215,629,932

 
(21,511,776
)
 
9,004,609

 
203,122,765

Total Liabilities and Partners' Capital
 
$
546,253,158

 
$
14,019,837

 
$
(26,039,963
)
 
$
534,233,032



A condensed balance sheet for each at the date of acquisitions is included below.
 
 
Woodland Park 6/1/2013 (Date of Acquisition)
Other current assets
 
$
201,321

In-place lease assets
 
403,216

Real estate assets
 
15,258,784

Total Assets
 
$
15,863,321

Accounts payable, accrued expenses and other
192,345

Net assets
 
15,670,976

Total liabilities and net assets
 
$
15,863,321