RELATED PARTY TRANSACTIONS

6 Months Ended

Sep. 30, 2011

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

NOTE C - RELATED PARTY TRANSACTIONS

The Fund has entered into several transactions with various affiliates of its general partner, including Boston Capital Holdings LP, Boston Capital Partners, Inc., and Boston Capital Asset Management Limited Partnership, as follows:

An annual fund management fee, based on .5 percent of the aggregate cost of all apartment complexes owned by the Operating Partnerships, has been accrued to Boston Capital Asset Management Limited Partnership. Since reporting fees collected by the series were added to reserves and not paid to Boston Capital Asset Management Limited Partnership, the amounts accrued are not net of reporting fees received. The fund management fees accrued for the three months ended September 30, 2011 and 2010 are as follows:

	2011		2010
Series 15	$	52,941	$	63,462
Series 16		82,821		115,311
Series 17		78,409		97,229
Series 18		66,782		67,834
Series 19		38,250		47,634
	$	319,203	$	391,470

The fund management fees paid for the three months ended September 30, 2011 and 2010 are as follows:

	2011		2010
Series 15	$	125,000	$	-
Series 16		130,000		-
Series 17		245,000		-
Series 18		-		-
Series 19		38,250		47,634
	$	538,250	$	47,634

The fund management fees paid for the six months ended September 30, 2011 and 2010 are as follows:

	2011		2010
Series 15	$	125,000	$	50,000
Series 16		130,000		200,000
Series 17		245,000		-
Series 18		-		100,000
Series 19		76,500		95,268
	$	576,500	$	445,268