The Partnership is a Delaware limited partnership that acquires and manages a diversified portfolio of tax-exempt and taxable mortgage revenue bonds (MRBs) and governmental issuer loans (GILs) issued by state and local housing authorities to finance affordable multifamily housing, seniors housing, and skilled nursing facilities. The Partnership also invests in direct property loans and equity interests in joint ventures developing housing properties. Revenue is generated through tax-exempt and taxable interest income on bonds and loans, preferred returns and capital gains from equity investments, and administrative and placement fees; distributions are passed through quarterly to unitholders as a tax pass-through entity. The Partnership's borrower base includes low-income housing tax credit-associated partnerships, non-profit organizations, and for-profit entities financing properties that reserve significant portions of units for low- and moderate-income households across multiple states.