Summary of Significant Accounting Policies (Tables)

3 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Schedule of Possible Disposition of Local Limited Partnerships

Local Limited Partnership	Debt at 12/31/15		Appraisal value		Discounted cash flow analysis value (*)		Estimated sales price		Estimated sale expenses		Estimated sale date
Pioneer Street Associates	$	1,134,518	$	1,600,000	$	697,000-758,300	$	700,000	$	600	10/31/2016

(*) The Limited Partnership Agreement with Pioneer Street Associates gives the Partnership limited force rights for disposition. Therefore it appears reasonable to base a sale price for the Limited Partnership interest on a discounted cash flow analysis. This analysis utilizes an 8% cap rate for the anticipated year of disposition, which was assumed to be 2020. The range of $697,000 to $758,300 represents a discount of 20% to 18%, respectively.