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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2020
Commitments And Contingencies Disclosure [Abstract]  
Summary of Partnership's Bond Purchase Commitment The following table summarizes the Partnership’s bond purchase commitment as of December 31, 2020: 

 

Bond Purchase Commitments

 

Commitment Date

 

Maximum

Committed

Amounts

Remaining

 

 

Rate

 

 

Estimated Closing

Date

 

Fair Value as of

December 31, 2020

 

CCBA Senior Garden Apartments

 

July 2020

 

$

3,807,000

 

 

 

4.50

%

 

Q3 2022

 

$

431,879

 

 

Summary of Partnership's Maximum Exposure Under Guarantee Agreements The following table summarizes the Partnership’s maximum exposure under these guarantee agreements as of December 31, 2020:

 

Borrower

 

Year the Guarantee

was Executed

 

Maximum Balance

Available on

Construction Loan

 

 

Construction Loan

Balance as of December 31, 2020

 

 

Partnership's Maximum Exposure

as of December 31, 2020

 

 

Guarantee

Terms

Vantage at Stone Creek

 

2018

 

$

30,824,000

 

 

$

30,501,955

 

 

$

15,250,978

 

 

(1)

Vantage at Coventry

 

2018

 

 

31,500,000

 

 

 

29,295,571

 

 

 

14,647,786

 

 

(1)

 

The following table summarizes the Partnership’s maximum exposure under these guarantee agreements as of December 31, 2020:

 

Limited Partnership(s)

 

Year the Guarantee

was Executed

 

End of Guarantee

Period

 

Partnership's Maximum Exposure

as of December 31, 2020

 

Ohio Properties

 

2011

 

2026

 

$

3,011,522

 

Greens of Pine Glen, LP

 

2012

 

2027

 

 

2,046,028