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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 2,038 $ 347
Adjustments to reconcile net income to net cash used in operating activities:    
Gain on extinguishment of debt (1,891) 0
Distributions from sale of Local Limited Partnership properties recognized as income (125) 0
Equity in income of Local Limited Partnership and amortization of acquisition costs (194) (153)
Advances to Local Limited Partnerships recognized as expense 4 0
Gain on sale of interests in Local Limited Partnerships 0 (339)
Change in accounts:    
Receivables - limited partners (90) (14)
Taxes payable (72) (58)
Accounts payable and accrued expenses (20) (13)
Accrued interest payable 8 24
Net cash used in operating activities (342) (206)
Cash flows from investing activities:    
Advances to Local Limited Partnerships (4) 0
Distributions from sale of Local Limited Partnership properties 125 0
Proceeds from sale of interests in Local Limited Partnerships 0 339
Net cash provided by investing activities 121 339
Net increase (decrease) in cash and cash equivalents (221) 133
Cash and cash equivalents, beginning of period 1,452 1,332
Cash and cash equivalents, end of period $ 1,231 $ 1,465