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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 10,648,381 $ 16,791,222
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 5,967 404,981
Amortization of deferred financing costs 367,418 1,005,767
Gain on sale of investments in unconsolidated entities (50,000) (15,366,929)
(Earnings) losses from investments in unconsolidated entities 106,845  
Provision for credit losses (806,000) (545,000)
Recovery of prior credit loss (17,155) (16,967)
(Gains) losses on derivative instruments, net of cash paid (4,489,788) 3,476,097
Restricted unit compensation expense 332,321 349,959
Bond premium, discount and acquisition fee amortization (48,178) (54,476)
Debt premium amortization (10,126) (10,145)
Deferred income tax expense (benefit) & income tax payable/receivable (1,200) 7,358
Change in preferred return receivable from unconsolidated entities, net (1,624,169) (1,934,065)
Changes in operating assets and liabilities    
(Increase) decrease in interest receivable 419,044 (2,986,762)
(Increase) decrease in other assets 84,659 (237,767)
Decrease in accounts payable, accrued expenses and other liabilities (1,545,171) (683,869)
Net cash provided by operating activities 3,372,848 199,404
Cash flows from investing activities:    
Advances on mortgage revenue bonds (26,297,798) (60,622,813)
Advances on taxable mortgage revenue bonds (1,000,000) (1,805,000)
Advances on governmental issuer loans (6,000,000) (17,377,303)
Advances on taxable governmental issuer loans   (3,000,000)
Advances on property loans (3,073,404) (7,942,324)
Contributions to unconsolidated entities (6,960,337) (4,705,639)
Capital expenditures   (171,670)
Proceeds from sale of land held for development   441,714
Proceeds from sale of investments in unconsolidated entities 50,000 27,659,480
Principal payments received on mortgage revenue bonds 2,260,565 13,303,739
Principal payments received on governmental issuer loans 23,390,000  
Principal payments received on taxable mortgage revenue bonds 11,503,059 2,797
Principal payments received on taxable governmental issuer loans 10,573,000  
Principal payments received on property loans 72,323,194 18,315,580
Net cash provided by (used in) investing activities 76,768,279 (35,901,439)
Cash flows from financing activities:    
Distributions paid (9,204,814) (11,612,492)
Proceeds from the sale of BUCs 1,080,957  
Payment of offering costs related to the sale of BUCs (21,628)  
Proceeds from debt financing 63,250,000 126,381,000
Principal payments on debt financing (99,697,766) (41,786,351)
Principal borrowing on secured lines of credit 20,000,000 45,000,000
Principal payments on secured lines of credit (36,900,000) (94,000,000)
Decrease in security deposit liability related to restricted cash   (5,887)
Proceeds upon issuance of Redeemable Preferred Units 5,000,000 8,000,000
Debt financing and other deferred costs paid (454,650) (593,368)
Net cash provided by (used in) financing activities (56,947,901) 31,382,902
Net increase (decrease) in cash, cash equivalents and restricted cash 23,193,226 (4,319,133)
Cash, cash equivalents and restricted cash at beginning of period 47,734,146 92,637,256
Cash, cash equivalents and restricted cash at end of period 70,927,372 88,318,123
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 12,165,910 12,869,770
Supplemental disclosure of noncash investing and financing activities:    
Distributions declared but not paid for BUCs and General Partner 8,672,287 10,835,021
Distributions declared but not paid for Preferred Units 762,118 739,417
Exchange of Redeemable Preferred Units 17,500,000 7,000,000
Deferred financing costs financed through accounts payable $ 62,628 58,000
Non-cash contribution to unconsolidated entity   $ 997,062

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