8-K 1 v067129.htm Unassociated Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
 
 
Date of Report (Date of earliest event reported): February 21, 2007
 
Boston Financial Qualified Housing Tax Credits L.P. IV, A Limited Partnership
(Exact name of registrant as specified in its charter)
 
Massachusetts
(State or other jurisdiction
of incorporation)
 
0-19765
(Commission
File Number)
 
04-3044617
(IRS Employer
Identification No.)
 
101 Arch Street
Boston, Massachusetts 02110-1106
(Address of principal executive offices)(Zip Code)
 
Registrant's telephone number, including area code: (617) 439-3911

 
 
 
 
o 
 
Written communications pursuant to Rule 425 under the Securities Act
o 
 
Soliciting material pursuant to Rule 14a-12 of the Exchange Act
o 
 
Pre-commencement communications pursuant to Rule 14d-2(b) Exchange Act
o 
 
Pre-commencement communications pursuant to Rule 13e-4(c) Exchange Act

 
 
 

ITEM  1.01.  ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

As previously reported, for the past several years the following three litigation proceedings have been pending between certain investors and various Boston Financial public funds, including Boston Financial Qualified Housing Tax Credits L.P. IV (the “Partnership”) concerning, among other things, those investors’ requests to inspect certain alleged “books and records” of the partnerships: Park G.P., Inc. ("Park") brought a lawsuit against the Partnership and other Boston Financial public partnerships and their purported general partners (collectively, the “Fund Parties”) in state court in Missouri (the “Missouri Lawsuit”); the Fund Parties brought a declaratory judgment lawsuit against Everest Housing Investors 2, LLC and several other Everest-related entities (collectively, the “Everest Entities”) in Massachusetts state court (the “Everest Massachusetts Lawsuit”); and the Partnership and its general partners brought a lawsuit against Park and its affiliate Bond Purchase, L.L.C. (“Bond”) in Massachusetts state court (the “Park and Bond Massachusetts Lawsuit”). These lawsuits are more fully described in the Partnership’s recent periodic reports, which are incorporated herein by reference.
 
As of February 21, 2007, the Fund Parties and Fund Plaintiffs reached an agreement with Park, Bond, and the Everest Entities to resolve these lawsuits (the “Settlement Agreement”). The Settlement Agreement provides, among other things, that the claims and counterclaims asserted in the Everest Massachusetts lawsuit will be dismissed with prejudice and the claims in the Missouri Lawsuit and the Park and Bond Massachusetts Lawsuit will be dismissed without prejudice, all in exchange for options, subject to various conditions, to purchase certain Local Limited Partnership interests held by the Partnership, Boston Financial Qualified Housing Tax Credits L.P. III, Boston Financial Qualified Housing Tax Credits L.P. V, and Boston Financial Tax Credit Fund VII, A Limited Partnership at specified prices.
 
With respect to the Partnership, the Settlement Agreement provides options, subject to various conditions, to purchase the Partnership’s interests in Prince Street Towers, L.P., located in Lancaster, PA, Sencit Towne House L.P., located in Shillton, PA, Allentown Towne House, L.P., located in Allentown, PA, Brookscrossing Apartments, L.P., located in Riverdale GA, and Leawood Associates, L.P., located in Leawood, KS, for specified prices aggregating to $13,300,000.
 
SIGNATURES
 
 
        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
     
  BOSTON FINANCIAL QUALIFIED HOUSING TAX
 
CREDITS L.P. IV, A LIMITED PARTNERSHIP
 
(Registrant)
 
 		  
 		  
 
  By:   Arch Street VIII, Inc., its Managing General Partner
     
Date: February 27, 2007
By:  
/s/ Gary Mentesana
 
Gary Mentesana
 
President
 
 
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