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<us-gaap:NetIncomeLoss contextRef="Context_6ME_30-Sep-2012_RelatedPartyTransactionsByRelatedPartyAxis_GeneralPartnerMember" unitRef="USD" decimals="0">-563</us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLoss contextRef="Context_6ME_30-Sep-2012_RelatedPartyTransactionsByRelatedPartyAxis_LimitedPartnerMember" unitRef="USD" decimals="0">0</us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLoss contextRef="Context_6ME_30-Sep-2012_RelatedPartyTransactionsByRelatedPartyAxis_InvestorMember" unitRef="USD" decimals="0">-55758</us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLossAllocatedToGeneralPartners contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="0">333</us-gaap:NetIncomeLossAllocatedToGeneralPartners>
<us-gaap:NetIncomeLossAllocatedToGeneralPartners contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">-247</us-gaap:NetIncomeLossAllocatedToGeneralPartners>
<us-gaap:NetIncomeLossAllocatedToGeneralPartners contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="0">621</us-gaap:NetIncomeLossAllocatedToGeneralPartners>
<us-gaap:NetIncomeLossAllocatedToGeneralPartners contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">-563</us-gaap:NetIncomeLossAllocatedToGeneralPartners>
<us-gaap:NetIncomeLossAllocatedToLimitedPartners contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="0">32970</us-gaap:NetIncomeLossAllocatedToLimitedPartners>
<us-gaap:NetIncomeLossAllocatedToLimitedPartners contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">-24468</us-gaap:NetIncomeLossAllocatedToLimitedPartners>
<us-gaap:NetIncomeLossAllocatedToLimitedPartners contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="0">61493</us-gaap:NetIncomeLossAllocatedToLimitedPartners>
<us-gaap:NetIncomeLossAllocatedToLimitedPartners contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">-55758</us-gaap:NetIncomeLossAllocatedToLimitedPartners>
<us-gaap:NetIncomeLossPerOutstandingLimitedPartnershipUnit contextRef="Context_3ME_30-Sep-2011" unitRef="pure" decimals="2">0.48</us-gaap:NetIncomeLossPerOutstandingLimitedPartnershipUnit>
<us-gaap:NetIncomeLossPerOutstandingLimitedPartnershipUnit contextRef="Context_6ME_30-Sep-2011" unitRef="pure" decimals="2">-0.35</us-gaap:NetIncomeLossPerOutstandingLimitedPartnershipUnit>
<us-gaap:NetIncomeLossPerOutstandingLimitedPartnershipUnit contextRef="Context_3ME_30-Sep-2012" unitRef="pure" decimals="2">0.89</us-gaap:NetIncomeLossPerOutstandingLimitedPartnershipUnit>
<us-gaap:NetIncomeLossPerOutstandingLimitedPartnershipUnit contextRef="Context_6ME_30-Sep-2012" unitRef="pure" decimals="2">-0.81</us-gaap:NetIncomeLossPerOutstandingLimitedPartnershipUnit>
<bfqhv:ReimbursementsToAffiliate contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="0">2390</bfqhv:ReimbursementsToAffiliate>
<bfqhv:ReimbursementsToAffiliate contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">5648</bfqhv:ReimbursementsToAffiliate>
<bfqhv:ReimbursementsToAffiliate contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="0">3781</bfqhv:ReimbursementsToAffiliate>
<bfqhv:ReimbursementsToAffiliate contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">7818</bfqhv:ReimbursementsToAffiliate>
<us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">-139118</us-gaap:NetCashProvidedByUsedInOperatingActivities>
<us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">-207482</us-gaap:NetCashProvidedByUsedInOperatingActivities>
<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">-139118</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">-207482</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
<us-gaap:BasisOfAccounting contextRef="Context_6ME_30-Sep-2012">&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;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.&amp;#160;&amp;#160;These statements should be read in conjunction with the audited financial statements and notes thereto included with the Annual Report on Form 10-K of Boston Financial Qualified Housing Tax Credits L.P. V (the &amp;#8220;Partnership&amp;#8221;) for the year ended March 31, 2012.&amp;#160;&amp;#160;In the opinion of the managing general partner of the Partnership, Arch Street VIII, Inc. (the &amp;#8220;Managing General Partner&amp;#8221;), these financial statements include all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the Partnership's financial position and results of operations.&amp;#160;&amp;#160;The results of operations for the periods may not be indicative of the results to be expected for the year.&lt;/p&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&amp;#160;The Managing General Partner has elected to report results of the Local Limited Partnership on a 90-day lag basis because the Local Limited Partnership reports its results on a calendar year basis.&amp;#160;&amp;#160;Accordingly, the financial information of the Local Limited Partnership that is included in the accompanying financial statements is as of June 30, 2012 and 2011 and for the six months then ended.&lt;/p&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&amp;#160;Generally, profits, losses, tax credits and cash flows from operations are allocated 99% to the Limited Partners and 1% to the General Partners.&amp;#160;&amp;#160;Net proceeds from a sale or refinancing will be allocated 95% to the Limited Partners and 5% to the General Partners after certain priority payments.&amp;#160;&amp;#160;The General Partners may have an obligation to fund deficits in their capital accounts, subject to limits set forth in the Partnership&amp;#8217;s Amended and Restated Agreement of Limited Partnership (the &amp;#8220;Partnership Agreement&amp;#8221;).&amp;#160;&amp;#160;However, to the extent that the General Partners&amp;#8217; capital accounts are in a deficit position, certain items of net income may be allocated to the General Partners in accordance with the Partnership Agreement.&lt;/p&gt;</us-gaap:BasisOfAccounting>
<us-gaap:EquityMethodInvestmentsDisclosureTextBlock contextRef="Context_6ME_30-Sep-2012">&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;1.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;u&gt;Investment in Local Limited Partnership&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;The Partnership currently has a limited partner interest in one Local Limited Partnership which was organized for the purpose of owning and operating a multi-family housing complex which is government-assisted.&amp;#160;&amp;#160;The Partnership's ownership interest in the Local Limited Partnership is 99%.&amp;#160;&amp;#160;The Partnership may have negotiated or may negotiate options with the Local General Partners to purchase or sell the Partnership&amp;#8217;s interest in the Local Limited Partnership at the end of the 15-year period during which properties that receive Tax Credits must remain in compliance with rent restriction and set-aside requirements (the &amp;#8220;Compliance Period&amp;#8221;) for a nominal price.&amp;#160;&amp;#160;In the event that the Property is sold to a third party or upon dissolution of the Local Limited Partnership, proceeds will be distributed according to the terms of the Local Limited Partnership agreement.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;The following is a summary of investment in Local Limited Partnership at September 30, 2012 and March 31, 2012:&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;table style="width: 100%; mso-cellspacing: 0in; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 0in 0in 0in;" class="msonormaltable" border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes;"&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;u&gt;&amp;#160;September 30&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;u&gt;March 31&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 1;"&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Capital contributions paid to Local Limited Partnership and purchase&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 2;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;price paid to withdrawing partners of Local Limited Partnership&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;5,811,236&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;5,811,236&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 3;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 4;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Cumulative equity in losses of Local Limited Partnership&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;(2,130,251&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;(2,273,993&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 5;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 6;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Cumulative cash distributions received from Local Limited Partnership&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;(19,610&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;(19,610&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 7;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 8;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Investment in Local Limited Partnership before adjustments&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;3,661,375&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;3,517,633&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 9;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 10;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Excess investment costs over the underlying assets acquired:&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 11;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 12;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Acquisition fees and expenses&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;178,600&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;178,600&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 13;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 14;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Cumulative amortization of acquisition fees and expenses&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;(102,168&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;(99,617&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 15;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 16;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Investment in Local Limited Partnership before impairment&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;3,737,807&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;3,596,616&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 17;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 18;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Cumulative impairment on investment in Local Limited Partnership&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;(2,364,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;(2,364,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 19;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 20; mso-yfti-lastrow: yes;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Investment in Local Limited Partnership&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: double black 2.25pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: double black 2.25pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;1,373,807&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: double black 2.25pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: double black 2.25pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;1,232,616&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;The Partnership has recorded an impairment for its investment in Local Limited Partnership in order to appropriately reflect the estimated net realizable value of this investment.&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;The Partnership&amp;#8217;s share of the net income of the Local Limited Partnership for the six months ended September 30, 2012 and 2011 is $143,742 and $193,948, respectively.&lt;/font&gt;&lt;/p&gt;</us-gaap:EquityMethodInvestmentsDisclosureTextBlock>
<bfqhv:SignificantSubsidiariesTextBlock contextRef="Context_6ME_30-Sep-2012">&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;2.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;u&gt;Significant Subsidiaries&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;The following Local Limited Partnership invested in by the Partnership represents more than 20% of the Partnership&amp;#8217;s total assets or equity as of September 30, 2012 or 2011 or net income for the three months then ended.&amp;#160;&amp;#160;The following financial information represents the performance of this Local Limited Partnership for the three months ended June 30, 2012 and 2011:&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;table style="width: 100%; mso-cellspacing: 0in; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 0in 0in 0in;" class="msonormaltable" border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes;"&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&lt;u&gt;Circle Terrace Associates Limited Partnership&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;u&gt;&amp;#160; 2012&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &amp;#160;&amp;#160;&lt;u&gt;&amp;#160;&amp;#160;2011&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 1;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Revenue&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;664,582&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;757,560&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 2; mso-yfti-lastrow: yes;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Net Income&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;175,094&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;149,607&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</bfqhv:SignificantSubsidiariesTextBlock>
<bfqhv:ScheduleOfLocalLimitedPartnershipInvestmentsTableTextBlock contextRef="Context_6ME_30-Sep-2012">&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;The following is a summary of investment in Local Limited Partnership at September 30, 2012 and March 31, 2012:&lt;/font&gt;&lt;/p&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;table style="width: 100%; mso-cellspacing: 0in; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 0in 0in 0in;" class="msonormaltable" border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes;"&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;u&gt;&amp;#160;September 30&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;u&gt;March 31&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 1;"&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Capital contributions paid to Local Limited Partnership and purchase&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 2;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;price paid to withdrawing partners of Local Limited Partnership&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;5,811,236&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;5,811,236&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 3;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 4;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Cumulative equity in losses of Local Limited Partnership&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(2,130,251&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(2,273,993&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 5;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 6;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Cumulative cash distributions received from Local Limited Partnership&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(19,610&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(19,610&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 7;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 8;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Investment in Local Limited Partnership before adjustments&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;3,661,375&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;3,517,633&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 9;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 10;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Excess investment costs over the underlying assets acquired:&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 11;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 12;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Acquisition fees and expenses&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;178,600&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;178,600&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 13;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 14;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Cumulative amortization of acquisition fees and expenses&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(102,168&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(99,617&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 15;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 16;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Investment in Local Limited Partnership before impairment&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;3,737,807&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;3,596,616&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 17;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 18;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Cumulative impairment on investment in Local Limited Partnership&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(2,364,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: solid black 1.5pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(2,364,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 1.5pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 19;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 20; mso-yfti-lastrow: yes;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Investment in Local Limited Partnership&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: double black 2.25pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: double black 2.25pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;1,373,807&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; border: none; border-bottom: double black 2.25pt; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; border: none; border-bottom: double black 2.25pt; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;1,232,616&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 3.0pt 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</bfqhv:ScheduleOfLocalLimitedPartnershipInvestmentsTableTextBlock>
<us-gaap:EquityMethodInvestmentsTextBlock contextRef="Context_6ME_30-Sep-2012">&lt;table style="width: 100%; mso-cellspacing: 0in; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 0in 0in 0in;" class="msonormaltable" border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes;"&gt;
&lt;td style="padding: 0in 0in 0in 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&lt;u&gt;Circle Terrace Associates Limited Partnership&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;u&gt;&amp;#160; 2012&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &amp;#160;&amp;#160;&lt;u&gt;&amp;#160;&amp;#160;2011&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in 0in 1.5pt 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 1;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Revenue&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;664,582&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;757,560&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 2; mso-yfti-lastrow: yes;"&gt;
&lt;td style="width: 76.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="76%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Net Income&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;175,094&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="margin-bottom: .0001pt; text-align: right; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;149,607&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1.0%; padding: 0in 0in 0in 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="margin-bottom: .0001pt; line-height: normal;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</us-gaap:EquityMethodInvestmentsTextBlock>
<bfqhv:LimitedPartnersCumulativeEarningsSharingPercentage contextRef="Context_6ME_30-Sep-2012" unitRef="pure" decimals="2">0.99</bfqhv:LimitedPartnersCumulativeEarningsSharingPercentage>
<bfqhv:GeneralPartnersCumulativeEarningsSharingPercentage contextRef="Context_6ME_30-Sep-2012" unitRef="pure" decimals="2">0.01</bfqhv:GeneralPartnersCumulativeEarningsSharingPercentage>
<bfqhv:NetProceedsFromSaleRefinancingLimitedPartnersSharingPercentage contextRef="Context_6ME_30-Sep-2012" unitRef="pure" decimals="2">0.95</bfqhv:NetProceedsFromSaleRefinancingLimitedPartnersSharingPercentage>
<bfqhv:NetProceedsFromSaleRefinancingGeneralPartnersSharingPercentage contextRef="Context_6ME_30-Sep-2012" unitRef="pure" decimals="2">0.05</bfqhv:NetProceedsFromSaleRefinancingGeneralPartnersSharingPercentage>
<bfqhv:CapitalContributionsAndAdvancesPaidToLocalLimitedPartnerships contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">5811236</bfqhv:CapitalContributionsAndAdvancesPaidToLocalLimitedPartnerships>
<bfqhv:CapitalContributionsAndAdvancesPaidToLocalLimitedPartnerships contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">5811236</bfqhv:CapitalContributionsAndAdvancesPaidToLocalLimitedPartnerships>
<bfqhv:CumulativeEquityInLossesOfLocalLimitedPartnershipRecognized contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">-2273993</bfqhv:CumulativeEquityInLossesOfLocalLimitedPartnershipRecognized>
<bfqhv:CumulativeEquityInLossesOfLocalLimitedPartnershipRecognized contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">-2130251</bfqhv:CumulativeEquityInLossesOfLocalLimitedPartnershipRecognized>
<bfqhv:CumulativeCashDistributionsReceivedFromLimitedPartnerships contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">-19610</bfqhv:CumulativeCashDistributionsReceivedFromLimitedPartnerships>
<bfqhv:CumulativeCashDistributionsReceivedFromLimitedPartnerships contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">-19610</bfqhv:CumulativeCashDistributionsReceivedFromLimitedPartnerships>
<bfqhv:InvestmentInLocalLimitedPartnershipBeforeAdjustments contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">3517633</bfqhv:InvestmentInLocalLimitedPartnershipBeforeAdjustments>
<bfqhv:InvestmentInLocalLimitedPartnershipBeforeAdjustments contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">3661375</bfqhv:InvestmentInLocalLimitedPartnershipBeforeAdjustments>
<bfqhv:AcquisitionFeesAndExpenses contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">178600</bfqhv:AcquisitionFeesAndExpenses>
<bfqhv:AcquisitionFeesAndExpenses contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">178600</bfqhv:AcquisitionFeesAndExpenses>
<bfqhv:CumulativeAmortizationOfAcquisitionFeesAndExpenses contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">-99617</bfqhv:CumulativeAmortizationOfAcquisitionFeesAndExpenses>
<bfqhv:CumulativeAmortizationOfAcquisitionFeesAndExpenses contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">-102168</bfqhv:CumulativeAmortizationOfAcquisitionFeesAndExpenses>
<bfqhv:InvestmentsInLocalLimitedPartnershipsBeforeImpairment contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">3596616</bfqhv:InvestmentsInLocalLimitedPartnershipsBeforeImpairment>
<bfqhv:InvestmentsInLocalLimitedPartnershipsBeforeImpairment contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">3737807</bfqhv:InvestmentsInLocalLimitedPartnershipsBeforeImpairment>
<bfqhv:CumulativeImpairmentOnInvestmentInLocalLimitedPartnership contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">-2364000</bfqhv:CumulativeImpairmentOnInvestmentInLocalLimitedPartnership>
<bfqhv:CumulativeImpairmentOnInvestmentInLocalLimitedPartnership contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">-2364000</bfqhv:CumulativeImpairmentOnInvestmentInLocalLimitedPartnership>


<bfqhv:PartnershipIncome contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="0">33303</bfqhv:PartnershipIncome>
<bfqhv:PartnershipIncome contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">-24715</bfqhv:PartnershipIncome>
<bfqhv:PartnershipIncome contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="0">62114</bfqhv:PartnershipIncome>
<bfqhv:PartnershipIncome contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">-56321</bfqhv:PartnershipIncome>

<!-- Footnote Section -->
<link:footnoteLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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<bfqhv:LimitedPartnerUnits contextRef="Context_3ME_30-Sep-2012" unitRef="shares" decimals="0">68929</bfqhv:LimitedPartnerUnits>
<bfqhv:LimitedPartnerUnits contextRef="Context_6ME_30-Sep-2012" unitRef="shares" decimals="0">68929</bfqhv:LimitedPartnerUnits>
<bfqhv:LimitedPartnerUnits contextRef="Context_3ME_30-Sep-2011" unitRef="shares" decimals="0">68929</bfqhv:LimitedPartnerUnits>
<bfqhv:LimitedPartnerUnits contextRef="Context_6ME_30-Sep-2011" unitRef="shares" decimals="0">68929</bfqhv:LimitedPartnerUnits>
<us-gaap:SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest contextRef="Context_6ME_30-Sep-2012" unitRef="pure" decimals="2">0.99</us-gaap:SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest>
<xbrli:context id="Context_3ME_30-Jun-2012"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000852953</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2012-04-01</xbrli:startDate><xbrli:endDate>2012-06-30</xbrli:endDate></xbrli:period></xbrli:context>
	<us-gaap:EquityMethodInvestmentSummarizedFinancialInformationRevenue contextRef="Context_3ME_30-Jun-2012" unitRef="USD" decimals="0">664582</us-gaap:EquityMethodInvestmentSummarizedFinancialInformationRevenue>
<us-gaap:EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss contextRef="Context_3ME_30-Jun-2012" unitRef="USD" decimals="0">175094</us-gaap:EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss>
<xbrli:context id="Context_3ME_30-Jun-2011"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000852953</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2011-04-01</xbrli:startDate><xbrli:endDate>2011-06-30</xbrli:endDate></xbrli:period></xbrli:context>
	<us-gaap:EquityMethodInvestmentSummarizedFinancialInformationRevenue contextRef="Context_3ME_30-Jun-2011" unitRef="USD" decimals="0">757650</us-gaap:EquityMethodInvestmentSummarizedFinancialInformationRevenue>
<us-gaap:EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss contextRef="Context_3ME_30-Jun-2011" unitRef="USD" decimals="0">149607</us-gaap:EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss>
<bfqhv:EquityMethodInvestmentOwnershipPercentageCriteria contextRef="Context_6ME_30-Sep-2012">The following Local Limited Partnership invested in by the Partnership represents more than 20% of the Partnership's total assets or equity as of September 30, 2012 or 2011 or net income for the three months then ended.</bfqhv:EquityMethodInvestmentOwnershipPercentageCriteria>
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