SUBSEQUENT EVENTS	9 Months Ended
Dec. 31, 2011
Notes to Financial Statements
SUBSEQUENT EVENTS	NOTE 5 – SUBSEQUENT EVENTS Subsequent to December 31, 2011, on January 1, 2012, Mountainview Apartments Limited Partnership (“Mountainview”) was sold to an affiliate of the Local Limited Partnership for $22,000. Mountainview was appraised for $390,000 and had a mortgage note balance of $915,474 as of December 31, 2010. The Partnership incurred approximately $3,750 of expenses related to the disposition which will be netted against the proceeds from the sale in calculating the gain on the sale. The Partnership’s investment balance was zero at the time of sale; therefore a gain of $18,250 will be recorded during the respective period. No cash distribution will be made to the Limited Partners as a result of this sale. The Compliance Period had expired at the time of the sale so there is no risk of tax credit recapture.

SUBSEQUENT EVENTS

9 Months Ended

Dec. 31, 2011

NOTE 5 – SUBSEQUENT EVENTS

Subsequent to December 31, 2011, on January 1, 2012, Mountainview Apartments Limited Partnership (“Mountainview”) was sold to an affiliate of the Local Limited Partnership for $22,000. Mountainview was appraised for $390,000 and had a mortgage note balance of $915,474 as of December 31, 2010. The Partnership incurred approximately $3,750 of expenses related to the disposition which will be netted against the proceeds from the sale in calculating the gain on the sale. The Partnership’s investment balance was zero at the time of sale; therefore a gain of $18,250 will be recorded during the respective period. No cash distribution will be made to the Limited Partners as a result of this sale. The Compliance Period had expired at the time of the sale so there is no risk of tax credit recapture.