Investments in Local Limited Partnerships (Tables)

9 Months Ended

Dec. 31, 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 December 31, 2013 and March 31, 2013:

	December 31		March 31
Capital contributions paid to Local Limited Partnerships	$	1,697,298	$	4,015,376
Cumulative equity in losses of Local Limited Partnerships (excluding    cumulative unrecognized losses of $515,615 and $945,515 at    December 31 and March 31, 2013, respectively)		(1,712,856)		(2,971,814)
Cumulative cash distributions received from Local Limited Partnerships		-		(43,323)
Investments in Local Limited Partnerships before adjustments		(15,558)		1,000,239
Excess investment costs over the underlying assets acquired:
Acquisition fees and expenses		21,077		49,892
Cumulative amortization of acquisition fees and expenses		(5,519)		(15,131)
Investments in Local Limited Partnerships before impairment		-		1,035,000
Cumulative impairment on investments in Local Limited Partnerships		-		(1,035,000)
Investments in Local Limited Partnerships	$	-	$	-