10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

[ X ]            QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

   EXCHANGE ACT OF 1934

For the quarterly period ended                         June 30, 2013                              

OR

[   ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from_________________________  to________________________________

                                                    Commission file number                        0-26522

  Boston Financial Tax Credit Fund VIII, A Limited Partnership

                                                (Exact name of registrant as specified in its charter)

                   Massachusetts                                                                                                 04-3205879

      (State or other jurisdiction of                                                                      (I.R.S. Employer Identification No.)

       incorporation or organization)

   101 Arch Street, Boston, Massachusetts                                                                02110-1106

  (Address of principal executive offices)                                                                    (Zip Code)

Registrant's telephone number, including area code                                                 617-439-3911

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

  Yes  X    No___.

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

   Yes  X     No___.

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b -2 of the Exchange Act.

Large accelerated filer   ___                                                                                                Accelerated Filer  ___

Non-accelerated filer   ___  (Do not check if a smaller reporting company)               Smaller reporting company   X

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b -2 of the Exchange Act).

      Yes___  No  X .

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

TABLE OF CONTENTS

PART I.  FINANCIAL INFORMATION                                                                                                             Page No.

Item 1.    Financial Statements

Condensed Balance Sheets (Unaudited) - June 30, 2013

and March 31, 2013                                                                                                                                       1

Condensed Statements of Operations (Unaudited) - For the Three

Months Ended June 30, 2013 and 2012                                                                                                      2

Condensed Statement of Changes in Partners' Equity (Unaudited) -

For the Three Months Ended June 30, 2013                                                                                              3

Condensed Statements of Cash Flows (Unaudited) - For the Three

Months Ended June 30, 2013 and 2012                                                                                                      4

Notes to the Financial Statements (Unaudited)                                                                                             5

Item 2.   Management's Discussion and Analysis of Financial

Condition and Results of Operations                                                                                                         8

Item 3.   Quantitative and Qualitative Disclosures About Market Risk                                                                   13

Item 4.   Controls and Procedures                                                                                                                                  13

PART II.  OTHER INFORMATION

Item 6.  Exhibits                                                                                                                                                                 14

SIGNATURE                                                                                                                                                                     15

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

PART I.                      FINANCIAL INFORMATION

Item 1.                      Financial Statements

CONDENSED BALANCE SHEETS

June 30, 2013 and March 31, 2013

(Unaudited)

Assets	June 30		March 31
Cash and cash equivalents	$	551,963	$	636,452
Investments in Local Limited Partnerships (Note 1)		-		-
Other assets		-		243
Total Assets	$	551,963	$	636,695
Liabilities and Partners' Equity
Due to affiliate	$	83,942	$	76,499
Accrued expenses		44,225		27,831
Total Liabilities		128,167		104,330
General, Initial and Investor Limited Partners' Equity		423,796		532,365
Total Liabilities and Partners' Equity	$	551,963	$	636,695

The accompanying notes are an integral part of these financial statements.

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

CONDENSED STATEMENTS OF OPERATIONS

For the Three Months Ended June 30, 2013 and 2012

(Unaudited)

	2013			2012
Revenue:
Investment	$	501		$	442
Total Revenue		501			442
Expenses:
Asset management fees, affiliate		71,906			70,704
General and administrative (includes reimbursements
to an affiliate in the amount of  $12,954 and
$12,898 in 2013 and 2012, respectively)		37,164			28,547
Amortization		-			264
Total Expenses		109,070			99,515
Loss before equity in income of Local Limited Partnerships
and loss on disposition of investments in Local  Limited
Partnerships		(108,569	)		(99,073	)
Equity in income of Local Limited Partnerships (Note 1)		-			59,722
Loss on disposition of investments in Local Limited
Partnerships (Note 1)		-			(29,403	)
Net Loss	$	(108,569	)	$	(68,754	)
Net Loss allocated:
General Partner	$	(1,086	)	$	(688	)
Limited Partners		(107,483	)		(68,066	)
	$	(108,569	)	$	(68,754	)
Net Loss per Limited Partner Unit
(36,497 Units)	$	(2.94	)	$	(1.86	)

The accompanying notes are an integral part of these financial statements.

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

CONDENSED STATEMENT OF CHANGES IN PARTNERS' EQUITY

For the Three Months Ended June 30, 2013

(Unaudited)

				Initial		Investor
	General			Limited		Limited
	Partner			Partner		Partners			Total
Balance at March 31, 2013	$	5,325		$	100	$	526,940		$	532,365
Net Loss		(1,086	)		-		(107,483	)		(108,569	)
Balance at June 30, 2013	$	4,239		$	100	$	419,457		$	423,796

The accompanying notes are an integral part of these financial statements.

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

CONDENSED STATEMENTS OF CASH FLOWS

For the Three Months Ended June 30, 2013 and 2012

(Unaudited)

	2013			2012
Cash flows from operating activities:
Net Loss	$	(108,569	)	$	(68,754	)
Adjustments to reconcile net loss to net cash used
for operating activities:
Equity in income of Local Limited Partnerships		-			(59,722	)
Loss on disposition of investments in Local Limited
Partnerships		-			29,403
Amortization		-			264
Increase (decrease) in cash arising from changes
in operating assets and liabilities:
Other assets		243			237
Due to affiliate		7,443			(1,063,563	)
Accrued expenses		16,394			11,240
Net cash used for operating activities		(84,489	)		(1,150,895	)
Cash flows from investing activities:
Proceeds received from disposition of investments in
Local Limited Partnerships		-			2,015,000
Cash distributions received from Local Limited
Partnerships		-			15,494
Net cash provided by investing activities		-			2,030,494
Net increase (decrease) in cash and cash equivalents		(84,489	)		879,599
Cash and cash equivalents, beginning		636,452			94,770
Cash and cash equivalents, ending	$	551,963		$	974,369

The accompanying notes are an integral part of these financial statements.

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

NOTES TO FINANCIAL STATEMENTS

(Unaudited)

The unaudited financial statements presented herein have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and note disclosures required by accounting principles generally accepted in the United States of America.  These statements should be read in conjunction with the audited financial statements and notes thereto included with the Annual Report on Form10-K of Boston Financial Tax Credit Fund VIII, a Limited Partnership (the “Fund”) for the year ended March 31, 2013.  In the opinion of the general partner of the Fund, Arch Street VIII, Inc. (the “General Partner”), these financial statements include all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the Fund's financial position and results of operations.  The results of operations for the periods may not be indicative of the results to be expected for the year.

The General Partner has elected to report results of the limited partnerships or limited liability companies in which it invests (the “Local Limited Partnerships”) on a 90-day lag basis because the Local Limited Partnerships report their results on a calendar year basis.  Accordingly, the financial information of the Local Limited Partnerships that is included in the accompanying financial statements is as of March 31, 2013 and 2012 and for the three months then ended.

Generally, profits, losses, tax credits and cash flows from operations are allocated 99% to the Limited Partners and 1% to the General Partner.  Net proceeds from a sale or refinancing will be allocated 95% to the Limited Partners and 5% to the General Partner, after certain priority payments.   The General Partner may have an obligation to fund deficits in its capital account, subject to limits set forth in the Fund’s Amended and Restated Agreement of Limited Partnership (the “Partnership Agreement”).  However, to the extent that the General Partner’s capital account is in a deficit position, certain items of net income may be allocated to the General Partner in accordance with the Partnership Agreement.

1.      Investments in Local Limited Partnerships

The Fund currently has limited partner or member interests in two Local Limited Partnerships, which were organized for the purpose of owning and operating multi-family housing complexes, both of which are government assisted. The Fund's ownership interest in one Local Limited Partnership is 99%, while the Fund’s ownership interest in the other is 77%.  The Fund may have negotiated or may negotiate options with the Local General Partners to purchase or sell the Fund’s interests in the Local Limited Partnerships at the end of the 15-year period during which properties that receive tax credits must remain in compliance with rent restrictions and set-aside requirements (the “Compliance Period”) for  nominal prices.  In the event that the Properties are sold to third parties, or upon dissolution of the Local Limited Partnerships, proceeds will be distributed according to the terms of each Local Limited Partnership’s partnership agreement.

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

NOTES TO FINANCIAL STATEMENTS (continued)

(Unaudited)

1.      Investments in Local Limited Partnerships (continued)

The following is a summary of investments in Local Limited Partnerships at June 30, 2013 and March 31, 2013:

	June 30			March 31
Capital contributions paid to Local Limited Partnerships	$	4,015,376		$	4,015,376
Cumulative equity in losses of Local Limited Partnerships (excluding
cumulative unrecognized losses of $955,206 and $945,515 at
June 30 and March 31, 2013, respectively)		(2,971,814	)		(2,971,814	)
Cumulative cash distributions received from Local Limited Partnerships		(43,323	)		(43,323	)
Investments in Local Limited Partnerships before adjustments		1,000,239			1,000,239
Excess investment costs over the underlying assets acquired:
Acquisition fees and expenses		49,892			49,892
Cumulative amortization of acquisition fees and expenses		(15,131	)		(15,131	)
Investments in Local Limited Partnerships before impairment		1,035,000			1,035,000
Cumulative impairment on investments in Local Limited Partnerships		(1,035,000	)		(1,035,000	)
Investments in Local Limited Partnerships	$	-		$	-

The Fund has recorded an impairment for its investments in certain Local Limited Partnerships in order to appropriately reflect the estimated net realizable value of these investments.

The Fund’s share of net losses of the Local Limited Partnerships for the three months ended June 30, 2013 and 2012 is $9,691 and $85,456, respectively.  For the three months ended June 30, 2013 and 2012, the Fund has not recognized $9,691 and $145,178, respectively, of equity in losses relating to certain Local Limited Partnerships in which cumulative equity in losses and cumulative distributions exceeded its total investment in the Local Limited Partnerships.

During the three months ended June 30, 2012, the Fund disposed of its interest in one Local Limited Partnership.  The Fund received $2,015,000 from the disposition of this interest.  The Fund's investment value at the time of the disposition was $2,044,403 resulting in a loss on disposition of investments in Local Limited Partnerships of $29,403 for the three months ended June 30, 2012.

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

NOTES TO FINANCIAL STATEMENTS (continued)

(Unaudited)

2.      Significant Subsidiaries

The following Local Limited Partnership invested in by the Fund represents more than 20% of the Fund’s total assets or equity as of June 30, 2013 or 2012 or net losses for the three months then ended.  The following financial information represents the performance of this Local Limited Partnership for the three months ended March 31, 2013 and 2012:

	2013		2012
Oak Knoll Renaissance, Limited Partnership
Revenue		N/A	$	525,600
Net Income		N/A	$	37,600

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

Item 2.                      Management’s Discussion and Analysis of Financial Condition and Results of Operations

Certain matters discussed herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  The use of words like “anticipate,” “estimate,” “intend,” “project,” “plan,” “expect,” “believe,” “could,” “will,” “may,” “might” and similar expressions are intended to identify such forward-looking statements.  The Fund intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements and is including this statement for purposes of complying with these safe harbor provisions.  Although the Fund believes the forward-looking statements are based on reasonable assumptions and current expectations, the Fund can give no assurance that its expectations will be attained.  Actual results and timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, without limitation:  (i) possible reduction in rental income due to an inability to maintain high occupancy levels or adequate rental levels;  (ii) possible adverse changes in general economic conditions and adverse local conditions, such as competitive overbuilding, a decrease in employment rates or adverse changes in real estate laws, including building codes; (iii) possible future adoption of rent control legislation which would not permit increased costs to be passed on to the tenants in the form of rent increases or which would suppress the ability of the Local Limited Partnership to generate operating cash flow; (iv) possible changes in the timing of dispositions of interests in Local Limited Partnerships or the amount of consideration received in respect thereof; and (v) general economic and real estate conditions and interest rates.

The Fund is a Massachusetts limited partnership organized to invest as a limited partner or member in other limited partnerships or limited liability companies (collectively, "Local Limited Partnerships") which own and operate apartment complexes (each, a “Property”) which are eligible for low income housing tax credits (“Tax Credits”) that may be applied against the federal income tax liability of an investor. The Fund’s objectives are to: (i) provide investors with annual Tax Credits which they may use to reduce their federal income tax liability; (ii) preserve and protect the Fund’s capital; (iii) provide cash distributions from the operations of Local Limited Partnerships; and (iv) provide cash distributions from sale or refinancing transactions.  Arch Street VIII Limited Partnership ("Arch Street L.P."), a Massachusetts limited partnership consisting of Arch Street VIII, Inc., a Massachusetts corporation ("Arch Street, Inc.") as the sole general partner, ALZA Corporation as Class A limited partner (90%) and Boston Financial BFG Investments, LLC, as Class B limited partner (9%), is the sole General Partner of the Fund. Arch Street L.P. and Arch Street, Inc. are affiliates of Boston Financial Investment Management, LP (“Boston Financial”).  The fiscal year of the Fund ends on March 31.

Critical Accounting Policies

The Fund’s accounting policies include those that relate to its recognition of investments in Local Limited Partnerships using the equity method of accounting.  The Fund’s policy is as follows:

The Fund is involved with the Local Limited Partnerships in which it invests as a non-controlling equity holder.  The investments in Local Limited Partnerships are made primarily to obtain federal income Tax Credits on behalf of the Fund’s investors.  Such Tax Credits are not reflected on the books of the Fund.  The Local Limited Partnerships are Variable Interest Entities ("VIE"s) because the owners of the equity at risk do not have the power to direct their operations.  A VIE must be consolidated by the entity which is determined to be the VIE’s primary beneficiary which is the entity that has both (i) the power to direct the activities of the VIE and (ii) the obligation to absorb losses or receive benefits that could potentially be significant to the VIE.  Additionally, A VIE requires continued reassessment of the primary beneficiary.  

The general partners of the Local Limited Partnerships (the “Local General Partners”), who are considered to be the primary beneficiaries, direct the activities of the Local Limited Partnerships and are responsible for maintaining compliance with the Tax Credit program and for providing subordinated financial support in the event operations cannot support debt and Property tax payments.  Because the Fund is not the primary beneficiary of these Local Limited Partnerships, it accounts for its investments using the equity method of accounting.

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

Management’s Discussion and Analysis of Financial Condition and Results of Operations (continued)

Critical Accounting Policies (continued)

Under the equity method, the investments in Local Limited Partnerships are carried at cost, adjusted for the Fund’s share of net income or loss and for cash distributions from the Local Limited Partnerships.  Equity in income or loss of the Local Limited Partnerships is included currently in the Fund's operations.  A liability is recorded for delayed equity capital contributions to Local Limited Partnerships. In the event that a Local Limited Partnership records other comprehensive income or loss, the Fund will evaluate its impact on the Fund and determine whether it should be recorded as other comprehensive income or loss.  Under the equity method, a Local Limited Partnership investment will not be carried below zero.  To the extent that a Local Limited Partnership with a carrying value of zero incurs additional losses, the excess losses will be suspended and offset against future income.  Income from these Local Limited Partnerships will not be recorded until all of the related suspended losses have been offset.  To the extent that a Local Limited Partnership with a carrying value of zero distributes cash to the Fund, the distribution is recorded as income in the Fund’s statement of operations.

The Fund's exposure to economic and financial statement losses is limited to its investment balance in the Local Limited Partnership and estimated future funding commitments.  To the extent that the Fund does not receive the full amount of Tax Credits specified in its initial investment contribution agreement, it may be eligible to receive payments from the Local General Partner under the provisions of Tax Credit guarantees.  The Fund may be subject to additional losses to the extent of any additional financial support that the Fund voluntarily provides in the future. The Fund, through its ownership percentages, may participate in Property disposition proceeds, the timing and amounts of which are unknown.  The Fund does not guarantee any of the mortgages or other debt of the Local Limited Partnerships.

The Fund is subject to risks inherent in the ownership of Property which are beyond its control, such as fluctuations in occupancy rates and operating expenses, variations in rental schedules, proper maintenance of facilities and continued eligibility of Tax Credits.  If the cost of operating a Property exceeds the rental income earned thereon, the Fund may deem it in its best interest to voluntarily provide funds and advances in order to protect its investment. The Fund assesses the collectability of any advances at the time the advance is made and records a reserve if collectability is not reasonably assured.

Periodically, the carrying value of each investment in Local Limited Partnership is tested for other-than-temporary impairment. If an other-than-temporary decline in carrying value exists, a provision is recorded to reduce the investment to the sum of the estimated remaining benefits. The estimated remaining benefits for each Local Limited Partnership consists of the estimated future benefit from tax losses, Tax Credits and distributions over the estimated life of the investment and the estimated residual proceeds at disposition.  Estimated residual proceeds are allocated in accordance with the terms of each Local Limited Partnership’s partnership agreement.  Generally, the carrying values of most Local Limited Partnerships will decline through losses and distributions.  However, the Fund may record an impairment loss if the expiration of Tax Credits outpaces losses and distributions from a Local Limited Partnership.

Liquidity and Capital Resources

At June 30, 2013, the Fund had cash and cash equivalents of $551,963 as compared to $636,452 at March 31, 2013. The decrease is primarily attributable to cash used for operating activities.

The General Partner initially designated 5% of the Gross Proceeds as Reserves, as defined in the Partnership Agreement.  The Reserves were established to be used for working capital of the Fund and contingencies related to the ownership of Local Limited Partnership interests.  The General Partner may increase or decrease such Reserves from time to time, as it deems appropriate.  At June 30, 2013 and March 31, 2013, approximately $495,000 and $604,000, respectively, has been designated as Reserves.

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

 Management’s Discussion and Analysis of Financial Condition and Results of Operations (continued)

Liquidity and Capital Resources (continued)

To date, professional fees relating to various Property issues totaling approximately $76,000 have been paid from Reserves.  In the event a Local Limited Partnership encounters operating difficulties requiring additional funds, the Fund's management might deem it in its best interest to voluntarily provide such funds in order to protect its investment.  As of June 30, 2013, the Fund has advanced approximately $1,417,000 to Local Limited Partnerships to fund operating deficits.

The General Partner believes that the investment income earned on the Reserves, along with cash distributions received from Local Limited Partnerships, to the extent available, will be sufficient to fund the Fund’s ongoing operations.  Reserves may be used to fund operating deficits, if the General Partner deems funding appropriate.  To date, the Fund has used approximately $163,000 of operating funds and proceeds from disposition of investments in Local Limited Partnerships to replenish Reserves.  If Reserves are not adequate to cover the Fund’s operations, the Fund will seek other financing sources including, but not limited to, the deferral of asset management fees paid to an affiliate of the General Partner or working with Local Limited Partnerships to increase cash distributions.

Since the Fund invests as a limited partner, the Fund has no contractual duty to provide additional funds to Local Limited Partnerships beyond its specified investment.  Thus, as of June 30, 2013, the Fund has no contractual or other obligation to any Local Limited Partnership that has not been paid or provided for.

Cash Distributions

No cash distributions were made during the three months ended June 30, 2013 and 2012.

Results of Operations

For the three months ended June 30, 2013, the Fund’s operations resulted in a net loss of $108,569 as compared to a net loss of $68,754 for the three months ended June 30, 2012.  The increase in net loss is primarily attributable to a decrease in equity in income of Local Limited Partnerships recognized by the Fund, an increase in general and administrative expenses recorded by the Fund, partially offset by a decrease in loss on disposition of investments in Local Limited Partnerships.  The decrease in equity in income of Local Limited Partnerships is due to a decrease in equity in income recorded for one Local Limited Partnership which was disposed of in the prior year.  General and administrative expenses increased due to an increase in charges for operations and administrative expenses necessary for the operations of the Fund during the three months ended June 30, 2013 as compared to the same period in the prior year.  The decrease in loss on disposition of investments in Local Limited Partnerships is due to no dispositions during the three months ended June 30, 2013, while there was a disposition of investment in one Local Limited Partnership during the three months ended June 30, 2012, which resulted in a loss.

Portfolio Update

As of June 30, 2013, the Fund’s investment portfolio consists of limited partnership interests in two Local Limited Partnerships, each of which owns and operates a multi-family apartment complex and each of which had generated, but no longer generates, Tax Credits.  Since inception, the Fund generated Tax Credits of approximately $1,429 per Limited Partner Unit.  The aggregate amount of Tax Credits generated by the Fund was consistent with the objective specified in the Fund’s prospectus.

Properties that receive Tax Credits must remain in compliance with rent restriction and set aside requirements for at least 15 calendar years from the date the Property is placed in service (“Compliance Period”). Failure to do so would result in the recapture of a portion of the Property’s Tax Credits.  The Compliance Period expired for all Properties on or prior to December 31, 2009.

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

Management’s Discussion and Analysis of Financial Condition and Results of Operations (continued)

Portfolio Update (continued)  

The General Partner will continue to closely monitor the operations of the Properties and will formulate disposition strategies with respect to the Fund’s remaining Local Limited Partnership interests. The Fund shall dissolve and its affairs shall be wound up upon the disposition of the final Local Limited Partnership interest and other assets of the Fund.  Investors will continue to be Limited Partners, receiving schedule K-1s and quarterly and annual reports, until the Fund is dissolved.

The Fund is not a party to any pending legal or administrative proceeding, and to the best of its knowledge, no legal or administrative proceeding is threatened or contemplated against it.

Property Discussions

Both Properties in which the Fund has an interest operated above breakeven for the quarter ended March 31, 2013.  The General Partner, in the normal course of the Fund’s business, is arranging for the future disposition of the Fund’s interest in the two remaining Local Limited Partnerships.

As previously reported, the General Partner anticipated the Fund’s interest in the Local Limited Partnership that owns Oak Knoll Renaissance, located in Gary, Indiana, would terminate late in 2011.  However, the General Partner and the Local General Partner continued to negotiate an exit strategy to dispose of the Fund’s interest in the Local Limited Partnership.  A disposition of this interest to an affiliate of the Local General Partner occurred on May 25, 2012 and yielded net sales proceeds of $2,015,000, or $55.21 per Unit.  This transaction resulted in a 2012 tax loss of $2,605,500, or $71.39 per Unit. The Fund no longer has an interest in this Local Limited Partnership.

As previously reported, the General Partner anticipated the Fund’s interest in the Local Limited Partnership that owns Live Oaks Plantation, located in West Palm Beach, Florida, would terminate as a result of the foreclosure of the Property in early 2010.  However, the General Partner worked with the Local Limited Partnership to improve operations, minimize deficits and keep debt service payments current.  The Fund advanced $209,146 to cover May, June and July 2009 debt service payments.  The Fund did not recover this advance, nor did it intend to.  The Local Limited Partnership paid the August 2009 debt service payment and all subsequent debt payments to keep the loan current.  On September 22, 2009, the lender agreed not to foreclose for failure of the borrower to make one of the 2009 payments of $44,482 on time.  The Forbearance Agreement, effective as of June 30, 2009, required the borrower to pay the $44,482 delinquent amount over nine payments of $4,942 beginning September 30, 2009 and ending on May 31, 2010.  All payments were made.  The General Partner negotiated with the Local General Partner on alternative ways to exit the Local Limited Partnership and the Fund’s interest in the Local Limited Partnership was transferred to the Local General Partner for no consideration on December 31, 2012.  The Compliance Period expired on December 31, 2010.  This transaction resulted in 2012 taxable income of $1,075,189, or $29.46 per Unit.  The Fund no longer has an interest in this Local Limited Partnership.

As previously reported, the General Partner is working towards a 2013 termination of the Fund’s interest in the Local Limited Partnership that owns Webster Court Apartments, located in Kent, Washington.  The General Partner sent a default notice to the Local General Partner in December 2012 as a result of the lack of response to numerous requests to sell the Property.  Although it was previously anticipated that the General Partner would need to litigate to enforce its sale rights, the Local General Partner signed with a broker on April 3, 2013 to list the Property for sale.  Once bids are received, it is still possible that the Local General Partner will negotiate to purchase the Fund’s interest in the Local Limited Partnership; however, in that case, the value will have been established by the market.  Although the Local General Partner expected to receive bids within 60 days of the aforementioned signed contract, as of July 1, 2013 there have been no offers.  Net sales proceeds, if any, as well as taxable income or loss, are unknown at this time, as is the timing of a final transaction.

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

Management’s Discussion and Analysis of Financial Condition and Results of Operations (continued)

Property Discussions (continued)

As previously reported, the General Partner anticipated the Fund’s interest in the Local Limited Partnership that owns Hemlock Ridge, located in Livingston Manor, New York, would terminate in December 2010, at the earliest.  The General Partner and Local General Partner are currently negotiating an exit strategy to dispose of the Fund’s interest in the Local Limited Partnership for a nominal sum.  A transaction is currently projected to occur by December 2013.  Net sales proceeds, if any, as well as taxable income or loss, are unknown at this time.

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

Item 3.                      Quantitative and Qualitative Disclosures About Market Risk

Not Applicable

Item 4.                      Controls and Procedures

Disclosure Controls and Procedures

The Fund maintains disclosure controls and procedures designed to ensure that information required to be disclosed in reports filed under the Securities Exchange Act of 1934, as amended (“Exchange Act”) is recorded, processed, summarized and reported within the specified time periods.  The Fund’s Chief Executive Officer and its Chief Financial Officer of the General Partner (collectively, the “Certifying Officers”) are responsible for maintaining disclosure controls for the Fund.  The controls and procedures established by the Fund are designed to provide reasonable assurance that information required to be disclosed by the issuer in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Commission’s rules and forms.

As of the end of the period covered by this report, the Certifying Officers evaluated the effectiveness of the Fund’s disclosure controls and procedures.  Based on the evaluation, the Certifying Officers concluded that as of June 30, 2013, the Fund’s disclosure controls and procedures were effective to provide reasonable assurance that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the applicable rules and forms, and that it is accumulated and communicated to our management, including the Certifying Officers, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control over Financial Reporting

The Certifying Officers have also concluded that there was no change in the Fund’s internal controls over financial reporting identified in connection with the evaluation of the Fund’s controls that occurred during the Fund’s first fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Fund’s internal control over financial reporting.

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

PART II.                 OTHER INFORMATION

Item 6.                     Exhibits

31.1 Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2 Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1 Certification of Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2 Certification of Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS	XBRL Instance Document*
101.SCH	XBRL Taxonomy Extension Schema Document*
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document*
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document*
101.LAB	XBRL Taxonomy Extension Label Linkbase Document*
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document*

* Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise not subject to liability under that section. This exhibit shall not be deemed to be incorporated by reference into any filing, except to the extent that the Registrant specifically incorporates this exhibit by reference.

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

SIGNATURE

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, thereunto duly authorized.

Date: August 14, 2013                                                                      BOSTON FINANCIAL TAX CREDIT FUND VIII,

     A LIMITED PARTNERSHIP

By:      Arch Street VIII Limited Partnership,

      its General Partner

  /s/Kenneth J. Cutillo                     

  Kenneth J. Cutillo

  President

 Arch Street VIII, Inc.

 Arch Street VIII Limited Partnership

(Chief Executive Officer)

EX-31.1

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

EXHIBIT 31.1

I, Kenneth J. Cutillo, certify that:

1.      I have reviewed this quarterly report on Form 10-Q of Boston Financial Tax Credit Fund VIII, a Limited Partnership;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

   (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

    (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

    (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:  August 14, 2013                                                                       /s/Kenneth J. Cutillo                     

Kenneth J. Cutillo

Principal Executive Officer and

Principal Financial Officer

Arch Street VIII, Inc., as

General Partner of

Arch Street VIII Limited Partnership, as

General Partner of

Boston Financial Tax Credit Fund VIII,

                                                  A Limited Partnership

EX-31.2

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

EXHIBIT 31.2

I, Kenneth J. Cutillo, certify that:

1.      I have reviewed this quarterly report on Form 10-Q of Boston Financial Tax Credit Fund VIII, a Limited Partnership;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

    (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

    (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

    (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:  August 14, 2013                                                                        /s/Kenneth J. Cutillo                     

Kenneth J. Cutillo

Principal Executive Officer and

Principal Financial Officer

Arch Street VIII, Inc., as

General Partner of

Arch Street VIII Limited Partnership, as

General Partner of

Boston Financial Tax Credit Fund VIII,

A Limited Partnership

EX-32.1

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

EXHIBIT 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF THE

SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Boston Financial Tax Credit Fund VIII, a Limited Partnership (the “Fund”) on Form 10-Q for the period ended June 30, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned, the Principal Executive Officer and Principal Financial Officer, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

   1. the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.   the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Fund.

/s/Kenneth J. Cutillo                     

Kenneth J. Cutillo

Principal Executive Officer and

Principal Financial Officer

Arch Street VIII, Inc., as

General Partner of

Arch Street VIII Limited Partnership, as

General Partner of

Boston Financial Tax Credit Fund VIII,

A Limited Partnership

Date:    August 14, 2013

A signed original of this written statement required by section 906 has been provided to the Fund and will be retained by the Fund and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

BOSTON FINANCIAL TAX CREDIT FUND VIII, A LIMITED PARTNERSHIP

EXHIBIT 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF THE

SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Boston Financial Tax Credit Fund VIII, a Limited Partnership (the “Fund”) on Form 10-Q for the period ended June 30, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned, the Principal Executive Officer and Principal Financial Officer, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1. the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Fund.

/s/Kenneth J. Cutillo                     

Kenneth J. Cutillo

Principal Executive Officer and

Principal Financial Officer

Arch Street VIII, Inc., as

General Partner of

Arch Street VIII Limited Partnership, as

General Partner of

Boston Financial Tax Credit Fund VIII,

A Limited Partnership

Date:      August 14, 2013

A signed original of this written statement required by section 906 has been provided to the Fund and will be retained by the Fund and furnished to the Securities and Exchange Commission or its staff upon request.

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CONDENSED STATEMENTS OF OPERATIONS [Parenthetical] (USD $)	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Reimbursements to affiliate (in dollars)	$ 12,954	$ 12,898
Limited Partner Units	36,497	36,497

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Significant Subsidiaries (Tables)

3 Months Ended

Jun. 30, 2013

Significant Subsidiaries [Abstract]

Schedule of Equity Method Investments [Table Text Block]

The following financial information represents the performance of this Local Limited Partnership for the three months ended March 31, 2013 and 2012:

	2013		2012
Oak Knoll Renaissance, Limited Partnership
Revenue		N/A	$	525,600
Net Income		N/A	$	37,600

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CONDENSED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash flows from operating activities:
Net Loss	$ (108,569)	$ (68,754)
Adjustments to reconcile net loss to net cash used for operating activities:
Equity in income of Local Limited Partnerships	0	(59,722)
Loss on disposition of investments in Local Limited Partnerships	0	29,403
Amortization	0	264
Increase (decrease) in cash arising from changes in operating assets and liabilities:
Other assets	243	237
Due to affiliate	7,443	(1,063,563)
Accrued expenses	16,394	11,240
Net cash used for operating activities	(84,489)	(1,150,895)
Cash flows from investing activities:
Proceeds received from disposition of investments in Local Limited Partnerships	0	2,015,000
Cash distributions received from Local Limited Partnerships	0	15,494
Net cash provided by investing activities	0	2,030,494
Net increase (decrease) in cash and cash equivalents	(84,489)	879,599
Cash and cash equivalents, beginning	636,452	94,770
Cash and cash equivalents, ending	$ 551,963	$ 974,369

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Significant Subsidiaries

3 Months Ended

Jun. 30, 2013

Significant Subsidiaries [Abstract]

Significant Subsidiaries [Text Block]

2. Significant Subsidiaries

The following Local Limited Partnership invested in by the Fund represents more than 20% of the Fund’s total assets or equity as of June 30, 2013 or 2012 or net losses for the three months then ended. The following financial information represents the performance of this Local Limited Partnership for the three months ended March 31, 2013 and 2012:

	2013		2012
Oak Knoll Renaissance, Limited Partnership
Revenue		N/A	$	525,600
Net Income		N/A	$	37,600

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Investments in Local Limited Partnerships (Details) (USD $)	Jun. 30, 2013	Mar. 31, 2013
Capital contributions paid to Local Limited Partnerships	$ 4,015,376	$ 4,015,376
Cumulative equity in losses of Local Limited Partnerships (excluding cumulative unrecognized losses of $955,206 and $945,515 at June 30 and March 31, 2013, respectively)	(2,971,814)	(2,971,814)
Cumulative cash distributions received from Local Limited Partnerships	(43,323)	(43,323)
Investments in Local Limited Partnerships before adjustments	1,000,239	1,000,239
Excess investment costs over the underlying assets acquired:
Acquisition fees and expenses	49,892	49,892
Cumulative amortization of acquisition fees and expenses	(15,131)	(15,131)
Investments in Local Limited Partnerships before impairment	1,035,000	1,035,000
Cumulative impairment on investments in Local Limited Partnerships	(1,035,000)	(1,035,000)
Investments in Local Limited Partnerships	$ 0	$ 0

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Investments in Local Limited Partnerships (Tables)

3 Months Ended

Jun. 30, 2013

Equity Method Investments and Joint Ventures [Abstract]

Schedule Of Local Limited Partnership Investments [Table Text Block]

The following is a summary of investments in Local Limited Partnerships at June 30, 2013 and March 31, 2013:

	June 30		March 31
Capital contributions paid to Local Limited Partnerships	$	4,015,376	$	4,015,376
Cumulative equity in losses of Local Limited Partnerships (excluding     cumulative unrecognized losses of $955,206 and $945,515 at     June 30 and March 31, 2013, respectively)		(2,971,814)		(2,971,814)
Cumulative cash distributions received from Local Limited Partnerships		(43,323)		(43,323)
Investments in Local Limited Partnerships before adjustments		1,000,239		1,000,239
Excess investment costs over the underlying assets acquired:
Acquisition fees and expenses		49,892		49,892
Cumulative amortization of acquisition fees and expenses		(15,131)		(15,131)
Investments in Local Limited Partnerships before impairment		1,035,000		1,035,000
Cumulative impairment on investments in Local Limited Partnerships		(1,035,000)		(1,035,000)
Investments in Local Limited Partnerships	$	-	$	-

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CONDENSED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Revenue:
Investment	$ 501	$ 442
Total Revenue	501	442
Expenses:
Asset management fees, affiliate	71,906	70,704
General and administrative (includes reimbursements to an affiliate in the amount of $12,954 and $12,898 in 2013 and 2012, respectively)	37,164	28,547
Amortization	0	264
Total Expenses	109,070	99,515
Loss before equity in income of Local Limited Partnerships and loss on disposition of investments in Local Limited Partnerships	(108,569)	(99,073)
Equity in income of Local Limited Partnerships (Note 1)	0	59,722
Loss on disposition of investments in Local Limited Partnerships (Note 1)	0	(29,403)
Net Loss	(108,569)	(68,754)
Net Loss allocated:
General Partner	(1,086)	(688)
Limited Partners	(107,483)	(68,066)
Net Loss Allocated to Partners	$ (108,569)	$ (68,754)
Net Loss per Limited Partner Unit (36,497 Units)	$ (2.94)	$ (1.86)

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Significant Subsidiaries (Details Textual)	3 Months Ended
	Jun. 30, 2013
Equity Method Investment, Ownership Percentage Criteria	Local Limited Partnership invested in by the Fund represents more than 20% of the Funds total assets or equity as of June 30, 2013 or 2012 or net losses for the three months then ended.

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CONDENSED STATEMENT OF CHANGES IN PARTNERS' EQUITY (USD $)	Total	General Partner [Member]	Initial Limited Partner [Member]	Investor Limited Partners [Member]
Balance at Mar. 31, 2013	$ 532,365	$ 5,325	$ 100	$ 526,940
Net Loss	(108,569)	(1,086)	0	(107,483)
Balance at Jun. 30, 2013	$ 423,796	$ 4,239	$ 100	$ 419,457

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CONDENSED BALANCE SHEETS (USD $)	Jun. 30, 2013	Mar. 31, 2013
Assets
Cash and cash equivalents	$ 551,963	$ 636,452
Investments in Local Limited Partnerships (Note 1)	0	0
Other assets	0	243
Total Assets	551,963	636,695
Liabilities and Partners' Equity
Due to affiliate	83,942	76,499
Accrued expenses	44,225	27,831
Total Liabilities	128,167	104,330
General, Initial and Investor Limited Partners' Equity	423,796	532,365
Total Liabilities and Partners' Equity	$ 551,963	$ 636,695

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Significant Subsidiaries (Details) (Oak Knoll Renaissance, Limited Partnership [Member], USD $)	3 Months Ended
	Mar. 31, 2012
Oak Knoll Renaissance, Limited Partnership [Member]
Revenue	$ 525,600
Net Income	$ 37,600

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Investments in Local Limited Partnerships (Details Textual) (USD $)	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Mar. 31, 2013
Cumulative Unrecognized Equity Losses In Local Limited Partnerships	$ 955,206		$ 945,515
Proceeds from Limited Partnership Investments	0	2,015,000
Investment Owned, at Fair Value		2,044,403
Unrecognized Equity Losses Cumulative Equity In Losses And Distributions In Excess Of Total Investment	9,691	145,178
Fund's share of net losses of LLPs	9,691	85,456
Loss on disposition of investments in Local Limited Partnerships (Note 1)	$ 0	$ (29,403)
Other Local Limited Partnerships [Member]
Subsidiary of Limited Liability Company or Limited Partnership, Ownership Interest	99.00%
Hemlock Ridge Limited Partnership [Member]
Subsidiary of Limited Liability Company or Limited Partnership, Ownership Interest	77.00%

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Investments in Local Limited Partnerships

3 Months Ended

Jun. 30, 2013

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments Disclosure [Text Block]

1. Investments in Local Limited Partnerships

The Fund currently has limited partner or member interests in two Local Limited Partnerships, which were organized for the purpose of owning and operating multi-family housing complexes, both of which are government assisted. The Fund's ownership interest in one Local Limited Partnership is 99%, while the Fund’s ownership interest in the other is 77%. The Fund may have negotiated or may negotiate options with the Local General Partners to purchase or sell the Fund’s interests in the Local Limited Partnerships at the end of the 15-year period during which properties that receive tax credits must remain in compliance with rent restrictions and set-aside requirements (the “Compliance Period”) for nominal prices. In the event that the Properties are sold to third parties, or upon dissolution of the Local Limited Partnerships, proceeds will be distributed according to the terms of each Local Limited Partnership’s partnership agreement.

The following is a summary of investments in Local Limited Partnerships at June 30, 2013 and March 31, 2013:

	June 30		March 31
Capital contributions paid to Local Limited Partnerships	$	4,015,376	$	4,015,376
Cumulative equity in losses of Local Limited Partnerships (excluding     cumulative unrecognized losses of $955,206 and $945,515 at     June 30 and March 31, 2013, respectively)		(2,971,814)		(2,971,814)
Cumulative cash distributions received from Local Limited Partnerships		(43,323)		(43,323)
Investments in Local Limited Partnerships before adjustments		1,000,239		1,000,239
Excess investment costs over the underlying assets acquired:
Acquisition fees and expenses		49,892		49,892
Cumulative amortization of acquisition fees and expenses		(15,131)		(15,131)
Investments in Local Limited Partnerships before impairment		1,035,000		1,035,000
Cumulative impairment on investments in Local Limited Partnerships		(1,035,000)		(1,035,000)
Investments in Local Limited Partnerships	$	-	$	-

The Fund has recorded an impairment for its investments in certain Local Limited Partnerships in order to appropriately reflect the estimated net realizable value of these investments.

The Fund’s share of net losses of the Local Limited Partnerships for the three months ended June 30, 2013 and 2012 is $9,691 and $85,456, respectively. For the three months ended June 30, 2013 and 2012, the Fund has not recognized $9,691 and $145,178, respectively, of equity in losses relating to certain Local Limited Partnerships in which cumulative equity in losses and cumulative distributions exceeded its total investment in the Local Limited Partnerships.

During the three months ended June 30, 2012, the Fund disposed of its interest in one Local Limited Partnership. The Fund received $2,015,000 from the disposition of this interest. The Fund's investment value at the time of the disposition was $2,044,403 resulting in a loss on disposition of investments in Local Limited Partnerships of $29,403 for the three months ended June 30, 2012.

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Document And Entity Information	3 Months Ended
	Jun. 30, 2013	Aug. 15, 2013
Document Information [Line Items]
Entity Registrant Name	BOSTON FINANCIAL TAX CREDIT FUND VIII LP
Entity Central Index Key	0000911568
Current Fiscal Year End Date	--03-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	bftcviii
Entity Common Stock, Shares Outstanding		0
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2013
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2014