<?xml version="1.0" encoding="UTF-8"?>
<!-- Generated using Ez-XBRL version 5.0.1.2 [11/03/2012 08:07:33 PM] by DataTracks -->
<!-- Based on XBRL 2.1 -->
<!--XBRL Document Modified with Ez-Editor Version 1.0.1.6 by DataTracks on Sunday, November 04, 2012 10:30:33 AM -->
<!--XBRL Document Modified with Ez-Viewer Version 1.0.5.8 on Saturday, November 10, 2012 01:51:44 AM -->
<xbrli:xbrl xmlns:bftcviii="http://www.bostonfinancial.com/20120930" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:deprecated="http://www.xbrl.org/2009/arcrole/fact-explanatoryFact" xmlns:country="http://xbrl.sec.gov/country/2012-01-31" xmlns:currency="http://xbrl.sec.gov/currency/2012-01-31" xmlns:dei="http://xbrl.sec.gov/dei/2012-01-31" xmlns:exch="http://xbrl.sec.gov/exch/2012-01-31" xmlns:invest="http://xbrl.sec.gov/invest/2012-01-31" xmlns:naics="http://xbrl.sec.gov/naics/2011-01-31" xmlns:sic="http://xbrl.sec.gov/sic/2011-01-31" xmlns:stpr="http://xbrl.sec.gov/stpr/2011-01-31" xmlns:us-gaap="http://fasb.org/us-gaap/2012-01-31" xmlns:xl="http://www.xbrl.org/2003/XLink">
<link:schemaRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:type="simple" xlink:href="bftcviii-20120930.xsd"/>
<!-- Context Section  -->
<xbrli:context id="Context_3ME_30-Jun-2011">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>
2011-04-01
</xbrli:startDate>
<xbrli:endDate>
2011-06-30
</xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_3ME_30-Sep-2011">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>
2011-07-01
</xbrli:startDate>
<xbrli:endDate>
2011-09-30
</xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_6ME_30-Sep-2011">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>
2011-04-01
</xbrli:startDate>
<xbrli:endDate>
2011-09-30
</xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_6ME_30-Sep-2011_LegalEntityAxis_OtherLocalLimitedPartnershipsMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="dei:LegalEntityAxis">bftcviii:OtherLocalLimitedPartnershipsMember</xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>
2011-04-01
</xbrli:startDate>
<xbrli:endDate>
2011-09-30
</xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_6ME_30-Sep-2011_LegalEntityAxis_HemlockRidgeLimitedPartnershipMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="dei:LegalEntityAxis">bftcviii:HemlockRidgeLimitedPartnershipMember</xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>
2011-04-01
</xbrli:startDate>
<xbrli:endDate>
2011-09-30
</xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_As_Of_31-Mar-2012">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant>
2012-03-31
</xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_3ME_30-Jun-2012">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>
2012-04-01
</xbrli:startDate>
<xbrli:endDate>
2012-06-30
</xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_3ME_30-Sep-2012">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>
2012-07-01
</xbrli:startDate>
<xbrli:endDate>
2012-09-30
</xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_6ME_30-Sep-2012">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>
2012-04-01
</xbrli:startDate>
<xbrli:endDate>
2012-09-30
</xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_6ME_30-Sep-2012_RelatedPartyTransactionsByRelatedPartyAxis_GeneralPartnerMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">us-gaap:GeneralPartnerMember</xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>
2012-04-01
</xbrli:startDate>
<xbrli:endDate>
2012-09-30
</xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_6ME_30-Sep-2012_RelatedPartyTransactionsByRelatedPartyAxis_LimitedPartnerMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">us-gaap:LimitedPartnerMember</xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>
2012-04-01
</xbrli:startDate>
<xbrli:endDate>
2012-09-30
</xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_6ME_30-Sep-2012_RelatedPartyTransactionsByRelatedPartyAxis_InvestorMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">us-gaap:InvestorMember</xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>
2012-04-01
</xbrli:startDate>
<xbrli:endDate>
2012-09-30
</xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_As_Of_30-Sep-2012">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant>
2012-09-30
</xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_As_Of_14-Nov-2012">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant>
2012-11-14
</xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_As_Of_31-Mar-2011">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant>
2011-03-31
</xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_As_Of_30-Sep-2011">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant>
2011-09-30
</xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_As_Of_31-Mar-2012_RelatedPartyTransactionsByRelatedPartyAxis_GeneralPartnerMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">us-gaap:GeneralPartnerMember</xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant>
2012-03-31
</xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_As_Of_30-Sep-2012_RelatedPartyTransactionsByRelatedPartyAxis_GeneralPartnerMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">us-gaap:GeneralPartnerMember</xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant>
2012-09-30
</xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_As_Of_31-Mar-2012_RelatedPartyTransactionsByRelatedPartyAxis_LimitedPartnerMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">us-gaap:LimitedPartnerMember</xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant>
2012-03-31
</xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_As_Of_30-Sep-2012_RelatedPartyTransactionsByRelatedPartyAxis_LimitedPartnerMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">us-gaap:LimitedPartnerMember</xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant>
2012-09-30
</xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_As_Of_31-Mar-2012_RelatedPartyTransactionsByRelatedPartyAxis_InvestorMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">us-gaap:InvestorMember</xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant>
2012-03-31
</xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="Context_As_Of_30-Sep-2012_RelatedPartyTransactionsByRelatedPartyAxis_InvestorMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK">0000911568</xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">us-gaap:InvestorMember</xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant>
2012-09-30
</xbrli:instant>
</xbrli:period>
</xbrli:context>
<!-- Unit Section  -->
<!--
I~1\FVPHexeD5678YReqi>XUI~\FVPYwivc444c555cT{h>6<HE<4GG1FH<:18F651FFH;1:=H5=G<6G96I -->
<xbrli:unit id="shares"><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unit>
<xbrli:unit id="USD"><xbrli:measure>iso4217:USD</xbrli:measure></xbrli:unit>
<xbrli:unit id="pure"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit>
<!-- Element Section  --><dei:EntityRegistrantName contextRef="Context_6ME_30-Sep-2012">BOSTON FINANCIAL TAX CREDIT FUND VIII LP</dei:EntityRegistrantName>
<dei:EntityCentralIndexKey contextRef="Context_6ME_30-Sep-2012">0000911568</dei:EntityCentralIndexKey>
<dei:CurrentFiscalYearEndDate contextRef="Context_6ME_30-Sep-2012">--03-31</dei:CurrentFiscalYearEndDate>
<dei:EntityFilerCategory contextRef="Context_6ME_30-Sep-2012">Smaller Reporting Company</dei:EntityFilerCategory>
<dei:TradingSymbol contextRef="Context_6ME_30-Sep-2012">bftcviii</dei:TradingSymbol>
<dei:EntityCommonStockSharesOutstanding contextRef="Context_As_Of_14-Nov-2012" unitRef="shares" decimals="0">0</dei:EntityCommonStockSharesOutstanding>
<dei:DocumentType contextRef="Context_6ME_30-Sep-2012">10-Q</dei:DocumentType>
<dei:AmendmentFlag contextRef="Context_6ME_30-Sep-2012">false</dei:AmendmentFlag>
<dei:DocumentPeriodEndDate contextRef="Context_6ME_30-Sep-2012">2012-09-30</dei:DocumentPeriodEndDate>
<dei:DocumentFiscalPeriodFocus contextRef="Context_6ME_30-Sep-2012">Q2</dei:DocumentFiscalPeriodFocus>
<dei:DocumentFiscalYearFocus contextRef="Context_6ME_30-Sep-2012">2013</dei:DocumentFiscalYearFocus>
<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">94770</us-gaap:CashAndCashEquivalentsAtCarryingValue>
<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">915221</us-gaap:CashAndCashEquivalentsAtCarryingValue>
<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="Context_As_Of_31-Mar-2011" unitRef="USD" decimals="0">165891</us-gaap:CashAndCashEquivalentsAtCarryingValue>
<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="Context_As_Of_30-Sep-2011" unitRef="USD" decimals="0">139525</us-gaap:CashAndCashEquivalentsAtCarryingValue>
<us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">2000439</us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures>
<us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">0</us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures>
<us-gaap:OtherAssets contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">408</us-gaap:OtherAssets>
<us-gaap:OtherAssets contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">629</us-gaap:OtherAssets>
<us-gaap:Assets contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">2095617</us-gaap:Assets>
<us-gaap:Assets contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">915850</us-gaap:Assets>
<us-gaap:DueToAffiliateCurrentAndNoncurrent contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">1130942</us-gaap:DueToAffiliateCurrentAndNoncurrent>
<us-gaap:DueToAffiliateCurrentAndNoncurrent contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">138082</us-gaap:DueToAffiliateCurrentAndNoncurrent>
<us-gaap:AccruedLiabilitiesCurrentAndNoncurrent contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">23572</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
<us-gaap:AccruedLiabilitiesCurrentAndNoncurrent contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">19246</us-gaap:AccruedLiabilitiesCurrentAndNoncurrent>
<us-gaap:Liabilities contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">1154514</us-gaap:Liabilities>
<us-gaap:Liabilities contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">157328</us-gaap:Liabilities>
<us-gaap:PartnersCapital contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">941103</us-gaap:PartnersCapital>
<us-gaap:PartnersCapital contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">758522</us-gaap:PartnersCapital>
<us-gaap:PartnersCapital contextRef="Context_As_Of_31-Mar-2012_RelatedPartyTransactionsByRelatedPartyAxis_GeneralPartnerMember" unitRef="USD" decimals="0">9412</us-gaap:PartnersCapital>
<us-gaap:PartnersCapital contextRef="Context_As_Of_30-Sep-2012_RelatedPartyTransactionsByRelatedPartyAxis_GeneralPartnerMember" unitRef="USD" decimals="0">7586</us-gaap:PartnersCapital>
<us-gaap:PartnersCapital contextRef="Context_As_Of_31-Mar-2012_RelatedPartyTransactionsByRelatedPartyAxis_LimitedPartnerMember" unitRef="USD" decimals="0">100</us-gaap:PartnersCapital>
<us-gaap:PartnersCapital contextRef="Context_As_Of_30-Sep-2012_RelatedPartyTransactionsByRelatedPartyAxis_LimitedPartnerMember" unitRef="USD" decimals="0">100</us-gaap:PartnersCapital>
<us-gaap:PartnersCapital contextRef="Context_As_Of_31-Mar-2012_RelatedPartyTransactionsByRelatedPartyAxis_InvestorMember" unitRef="USD" decimals="0">931591</us-gaap:PartnersCapital>
<us-gaap:PartnersCapital contextRef="Context_As_Of_30-Sep-2012_RelatedPartyTransactionsByRelatedPartyAxis_InvestorMember" unitRef="USD" decimals="0">750836</us-gaap:PartnersCapital>
<us-gaap:LiabilitiesAndStockholdersEquity contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">2095617</us-gaap:LiabilitiesAndStockholdersEquity>
<us-gaap:LiabilitiesAndStockholdersEquity contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">915850</us-gaap:LiabilitiesAndStockholdersEquity>
<us-gaap:InterestIncomeOperating contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="0">152</us-gaap:InterestIncomeOperating>
<us-gaap:InterestIncomeOperating contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">308</us-gaap:InterestIncomeOperating>
<us-gaap:InterestIncomeOperating contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="0">336</us-gaap:InterestIncomeOperating>
<us-gaap:InterestIncomeOperating contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">778</us-gaap:InterestIncomeOperating>
<us-gaap:Revenues contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="0">152</us-gaap:Revenues>
<us-gaap:Revenues contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">308</us-gaap:Revenues>
<us-gaap:Revenues contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="0">336</us-gaap:Revenues>
<us-gaap:Revenues contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">778</us-gaap:Revenues>
<bftcviii:FundManagementFee contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="0">68645</bftcviii:FundManagementFee>
<bftcviii:FundManagementFee contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">137289</bftcviii:FundManagementFee>
<bftcviii:FundManagementFee contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="0">70703</bftcviii:FundManagementFee>
<bftcviii:FundManagementFee contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">141407</bftcviii:FundManagementFee>
<us-gaap:ImpairmentOfInvestments contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="0">0</us-gaap:ImpairmentOfInvestments>
<us-gaap:ImpairmentOfInvestments contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">83000</us-gaap:ImpairmentOfInvestments>
<us-gaap:ImpairmentOfInvestments contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="0">0</us-gaap:ImpairmentOfInvestments>
<us-gaap:ImpairmentOfInvestments contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">0</us-gaap:ImpairmentOfInvestments>
<us-gaap:SellingGeneralAndAdministrativeExpense contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="0">35216</us-gaap:SellingGeneralAndAdministrativeExpense>
<us-gaap:SellingGeneralAndAdministrativeExpense contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">68000</us-gaap:SellingGeneralAndAdministrativeExpense>
<us-gaap:SellingGeneralAndAdministrativeExpense contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="0">43460</us-gaap:SellingGeneralAndAdministrativeExpense>
<us-gaap:SellingGeneralAndAdministrativeExpense contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">72007</us-gaap:SellingGeneralAndAdministrativeExpense>
<us-gaap:AmortizationOfAcquisitionCosts contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="0">437</us-gaap:AmortizationOfAcquisitionCosts>
<us-gaap:AmortizationOfAcquisitionCosts contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">874</us-gaap:AmortizationOfAcquisitionCosts>
<us-gaap:AmortizationOfAcquisitionCosts contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="0">0</us-gaap:AmortizationOfAcquisitionCosts>
<us-gaap:AmortizationOfAcquisitionCosts contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">264</us-gaap:AmortizationOfAcquisitionCosts>
<bftcviii:TotalExpenses contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="0">104298</bftcviii:TotalExpenses>
<bftcviii:TotalExpenses contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">289163</bftcviii:TotalExpenses>
<bftcviii:TotalExpenses contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="0">114163</bftcviii:TotalExpenses>
<bftcviii:TotalExpenses contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">213678</bftcviii:TotalExpenses>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="0">-104146</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">-288855</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="0">-113827</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">-212900</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
<us-gaap:IncomeLossFromEquityMethodInvestments contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="0">-71698</us-gaap:IncomeLossFromEquityMethodInvestments>
<us-gaap:IncomeLossFromEquityMethodInvestments contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">11462</us-gaap:IncomeLossFromEquityMethodInvestments>
<us-gaap:IncomeLossFromEquityMethodInvestments contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="0">0</us-gaap:IncomeLossFromEquityMethodInvestments>
<us-gaap:IncomeLossFromEquityMethodInvestments contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">59722</us-gaap:IncomeLossFromEquityMethodInvestments>
<us-gaap:LossOnSaleOfInvestments contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="-3">0</us-gaap:LossOnSaleOfInvestments>
<us-gaap:LossOnSaleOfInvestments contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">0</us-gaap:LossOnSaleOfInvestments>
<us-gaap:LossOnSaleOfInvestments contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="-3">0</us-gaap:LossOnSaleOfInvestments>
<us-gaap:LossOnSaleOfInvestments contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">29403</us-gaap:LossOnSaleOfInvestments>
<us-gaap:NetIncomeLoss contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="0">-175844</us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLoss contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">-277393</us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLoss contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="0">-113827</us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLoss contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">-182581</us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLoss contextRef="Context_6ME_30-Sep-2012_RelatedPartyTransactionsByRelatedPartyAxis_GeneralPartnerMember" unitRef="USD" decimals="0">-1826</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">-180755</us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLossAllocatedToGeneralPartners contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="0">-1758</us-gaap:NetIncomeLossAllocatedToGeneralPartners>
<us-gaap:NetIncomeLossAllocatedToGeneralPartners contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">-2774</us-gaap:NetIncomeLossAllocatedToGeneralPartners>
<us-gaap:NetIncomeLossAllocatedToGeneralPartners contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="0">-1138</us-gaap:NetIncomeLossAllocatedToGeneralPartners>
<us-gaap:NetIncomeLossAllocatedToGeneralPartners contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">-1826</us-gaap:NetIncomeLossAllocatedToGeneralPartners>
<us-gaap:NetIncomeLossAllocatedToLimitedPartners contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="0">-174086</us-gaap:NetIncomeLossAllocatedToLimitedPartners>
<us-gaap:NetIncomeLossAllocatedToLimitedPartners contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">-274619</us-gaap:NetIncomeLossAllocatedToLimitedPartners>
<us-gaap:NetIncomeLossAllocatedToLimitedPartners contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="0">-112689</us-gaap:NetIncomeLossAllocatedToLimitedPartners>
<us-gaap:NetIncomeLossAllocatedToLimitedPartners contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">-180755</us-gaap:NetIncomeLossAllocatedToLimitedPartners>
<bftcviii:NetIncomeLossAllocatedToPartners contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="0">-175844</bftcviii:NetIncomeLossAllocatedToPartners>
<bftcviii:NetIncomeLossAllocatedToPartners contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">-277393</bftcviii:NetIncomeLossAllocatedToPartners>
<bftcviii:NetIncomeLossAllocatedToPartners contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="0">-113827</bftcviii:NetIncomeLossAllocatedToPartners>
<bftcviii:NetIncomeLossAllocatedToPartners contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">-182581</bftcviii:NetIncomeLossAllocatedToPartners>
<us-gaap:NetIncomeLossPerOutstandingLimitedPartnershipUnit contextRef="Context_3ME_30-Sep-2011" unitRef="USD_per_Share" decimals="2">-4.77</us-gaap:NetIncomeLossPerOutstandingLimitedPartnershipUnit>
<us-gaap:NetIncomeLossPerOutstandingLimitedPartnershipUnit contextRef="Context_6ME_30-Sep-2011" unitRef="USD_per_Share" decimals="2">-7.52</us-gaap:NetIncomeLossPerOutstandingLimitedPartnershipUnit>
<us-gaap:NetIncomeLossPerOutstandingLimitedPartnershipUnit contextRef="Context_3ME_30-Sep-2012" unitRef="USD_per_Share" decimals="2">-3.09</us-gaap:NetIncomeLossPerOutstandingLimitedPartnershipUnit>
<us-gaap:NetIncomeLossPerOutstandingLimitedPartnershipUnit contextRef="Context_6ME_30-Sep-2012" unitRef="USD_per_Share" decimals="2">-4.95</us-gaap:NetIncomeLossPerOutstandingLimitedPartnershipUnit>
<bftcviii:ReimbursementsToAffiliate contextRef="Context_3ME_30-Sep-2011" unitRef="USD" decimals="0">7780</bftcviii:ReimbursementsToAffiliate>
<bftcviii:ReimbursementsToAffiliate contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">24071</bftcviii:ReimbursementsToAffiliate>
<bftcviii:ReimbursementsToAffiliate contextRef="Context_3ME_30-Sep-2012" unitRef="USD" decimals="0">11343</bftcviii:ReimbursementsToAffiliate>
<bftcviii:ReimbursementsToAffiliate contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">24241</bftcviii:ReimbursementsToAffiliate>
<bftcviii:LimitedPartnerUnits contextRef="Context_3ME_30-Sep-2011" unitRef="shares" decimals="0">36497</bftcviii:LimitedPartnerUnits>
<bftcviii:LimitedPartnerUnits contextRef="Context_6ME_30-Sep-2011" unitRef="shares" decimals="0">36497</bftcviii:LimitedPartnerUnits>
<bftcviii:LimitedPartnerUnits contextRef="Context_3ME_30-Sep-2012" unitRef="shares" decimals="0">36497</bftcviii:LimitedPartnerUnits>
<bftcviii:LimitedPartnerUnits contextRef="Context_6ME_30-Sep-2012" unitRef="shares" decimals="0">36497</bftcviii:LimitedPartnerUnits>
<us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">-74132</us-gaap:NetCashProvidedByUsedInOperatingActivities>
<us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">-1210043</us-gaap:NetCashProvidedByUsedInOperatingActivities>
<us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">47766</us-gaap:NetCashProvidedByUsedInInvestingActivities>
<us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">2030494</us-gaap:NetCashProvidedByUsedInInvestingActivities>
<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">-26366</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">820451</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
<us-gaap:ProceedsFromLimitedPartnershipInvestments contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">0</us-gaap:ProceedsFromLimitedPartnershipInvestments>
<us-gaap:ProceedsFromLimitedPartnershipInvestments contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">2015000</us-gaap:ProceedsFromLimitedPartnershipInvestments>
<bftcviii:CashDistributionsReceivedFromLocalLimitedPartnerships contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">47766</bftcviii:CashDistributionsReceivedFromLocalLimitedPartnerships>
<bftcviii:CashDistributionsReceivedFromLocalLimitedPartnerships contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">15494</bftcviii:CashDistributionsReceivedFromLocalLimitedPartnerships>
<us-gaap:BasisOfAccounting contextRef="Context_6ME_30-Sep-2012">&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&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 Form10-K of Boston Financial Tax Credit Fund VIII, a Limited Partnership (the &amp;#8220;Fund&amp;#8221;) for the year ended March 31, 2012.&amp;#160;&amp;#160;In the opinion of the general partner of the Fund, Arch Street VIII, Inc. (the &amp;#8220;General Partner&amp;#8221;), these financial statements include all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the Fund's financial position and results of operations.&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;/font&gt;&lt;/p&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;The General Partner has elected to report results of the Local Limited Partnerships on a 90-day lag basis because the Local Limited Partnerships report their results on a calendar year basis.&amp;#160;&amp;#160;Accordingly, the financial information of the Local Limited Partnerships that is included in the accompanying financial statements is as of June 30, 2012 and 2011 and for the six months then ended.&lt;/font&gt;&lt;/p&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Generally, profits, losses, tax credits and cash flows from operations are allocated 99% to the Limited Partners and 1% to the General Partner.&amp;#160;&amp;#160;Net proceeds from a sale or refinancing will be allocated 95% to the Limited Partners and 5% to the General Partner, after certain priority payments.&amp;#160;&amp;#160;&amp;#160;The General Partner may have an obligation to fund deficits in its capital account, subject to limits set forth in the Fund&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 Partner&amp;#8217;s capital account is in a deficit position, certain items of net income may be allocated to the General Partner in accordance with the Partnership Agreement.&lt;/font&gt;&lt;/p&gt;</us-gaap:BasisOfAccounting>
<us-gaap:EquityMethodInvestmentsDisclosureTextBlock contextRef="Context_6ME_30-Sep-2012">&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;Investments in Local Limited Partnerships&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;The Fund currently has limited partner or member interests in three Local Limited Partnerships, which were organized for the purpose of owning and operating multi-family housing complexes, all of which are government assisted. The Fund's ownership interest in each Local Limited Partnership is 99%, with the exception of Hemlock Ridge, which is 77%. The Fund may have negotiated or may negotiate options with the Local General Partners to purchase or sell the Fund&amp;#8217;s interests in the Local Limited Partnerships at the end of the 15-year period during which properties that receive Tax Credits must remain in compliance with rent restrictions and set-aside requirements (the &amp;#8220;Compliance Period&amp;#8221;) for nominal prices.&amp;#160;&amp;#160;In the event that the Properties are sold to third parties, or upon dissolution of the Local Limited Partnerships, proceeds will be distributed according to the terms of each Local Limited Partnership agreement.&lt;/font&gt;&lt;/p&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;The following is a summary of investments in Local Limited Partnerships at September 30, 2012 and March 31, 2012:&lt;/font&gt;&lt;/p&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160; &lt;u&gt;September 30&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&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-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Capital contributions and advances paid to Local Limited Partnerships&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;11,020,784&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;15,943,196&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Cumulative equity in losses of Local Limited Partnerships (excluding&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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: 5;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;cumulative unrecognized losses of $3,478,376 and $3,202,928 at&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;September 30 and March 31, 2012, respectively)&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;(8,921,460&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;(8,813,573&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="padding-bottom: 1.5pt; padding-left: 0in; width: 76%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Cumulative cash distributions received from Local Limited Partnerships&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="border-bottom: black 1.5pt solid; border-left: medium none; width: 1%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="border-bottom: black 1.5pt solid; border-left: medium none; width: 9%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;(46,448&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="border-bottom: black 1.5pt solid; border-left: medium none; width: 1%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="border-bottom: black 1.5pt solid; border-left: medium none; width: 9%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;(480,795&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new" size="2"&gt;)&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%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Investments in Local Limited Partnerships before adjustments&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2,052,876&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;6,648,828&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;558,742&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;619,931&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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: 15;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="padding-bottom: 1.5pt; padding-left: 0in; width: 76%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="border-bottom: black 1.5pt solid; border-left: medium none; width: 1%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="border-bottom: black 1.5pt solid; border-left: medium none; width: 9%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;(159,163&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="border-bottom: black 1.5pt solid; border-left: medium none; width: 1%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="border-bottom: black 1.5pt solid; border-left: medium none; width: 9%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;(187,865&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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: 17;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Investments in Local Limited Partnerships before valuation allowance&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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: 19;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;and impairment&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2,452,455&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;7,080,894&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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: 21;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Cumulative valuation allowance on advances to Local Limited&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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: 22;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Partnerships&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;(1,417,455&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;(1,417,455&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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: 23;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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: 24;"&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 76%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Cumulative impairment on investments in Local Limited Partnerships&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="border-bottom: black 1.5pt solid; border-left: medium none; width: 1%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="border-bottom: black 1.5pt solid; border-left: medium none; width: 9%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;(1,035,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="border-bottom: black 1.5pt solid; border-left: medium none; width: 1%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="border-bottom: black 1.5pt solid; border-left: medium none; width: 9%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;(3,663,000&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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: 25;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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: 26;"&gt;
&lt;td style="padding-bottom: 3pt; padding-left: 0in; width: 76%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Investments in Local Limited Partnerships&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 3pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="border-bottom: black 2.25pt double; border-left: medium none; width: 1%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="border-bottom: black 2.25pt double; border-left: medium none; width: 9%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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="padding-bottom: 3pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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-bottom: 3pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="border-bottom: black 2.25pt double; border-left: medium none; width: 1%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="border-bottom: black 2.25pt double; border-left: medium none; width: 9%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2,000,439&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 3pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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: 27; mso-yfti-lastrow: yes;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;The Fund has recorded an impairment for its investments in certain Local Limited Partnerships in order to appropriately reflect the estimated net realizable value of these investments.&lt;/font&gt;&lt;/p&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;The Fund&amp;#8217;s share of net losses of the Local Limited Partnerships for the six months ended September 30, 2012 and 2011 is $215,726 and $420,305, respectively.&amp;#160;&amp;#160;For the six months ended September 30, 2012 and 2011, the Fund has not recognized $308,831 and $431,767, respectively, of equity in losses relating to certain Local Limited Partnerships in which cumulative equity in losses and cumulative distributions exceeded its total investment in the Local Limited Partnerships.&amp;#160;&amp;#160;Previously unrecognized losses of $33,383 are included in losses recognized during the six months ended September 30, 2012.&lt;/font&gt;&lt;/p&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;During the six months ended September 30, 2012, the Fund disposed of its interest in one Local Limited Partnership.&amp;#160;&amp;#160;The Fund received $2,015,000 from the disposition of this interest.&amp;#160;&amp;#160;The Fund&amp;#8217;s investment value at the time of the disposition was $2,044,403 resulting in a loss on disposition of investments in Local Limited Partnerships of $29,403 for the six months ended September 30, 2012.&lt;/font&gt;&lt;/p&gt;</us-gaap:EquityMethodInvestmentsDisclosureTextBlock>
<bftcviii:SignificantSubsidiariesTextBlock contextRef="Context_6ME_30-Sep-2012">&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;The following Local Limited Partnership invested in by the Fund represents more than 20% of the Fund&amp;#8217;s total assets or equity as of September 30, 2012 or 2011 or net losses 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="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&lt;u&gt;2012&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&lt;u&gt;2011&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="padding: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&lt;u&gt;Oak Knoll Renaissance, Limited Partnership&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;N/A&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;"
 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;494,758&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Net Loss&lt;/font&gt;&lt;/p&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;N/A&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(72,422&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;/table&gt;</bftcviii:SignificantSubsidiariesTextBlock>
<bftcviii:ScheduleOfLocalLimitedPartnershipInvestmentsTableTextBlock contextRef="Context_6ME_30-Sep-2012">&lt;div&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;The following is a summary of investments in Local Limited Partnerships at September 30, 2012 and March 31, 2012:&lt;/font&gt;&lt;/div&gt;
&lt;div&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/div&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-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom" colspan="2"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160; &lt;u&gt;September 30&lt;/u&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" colspan="2"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&amp;#160; &lt;u&gt;March 31&lt;/u&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 1;"&gt;
&lt;td style="padding: 0in;" valign="bottom"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom" colspan="2"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom" colspan="2"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 2;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Capital contributions and advances paid to Local Limited Partnerships&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;11,020,784&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;15,943,196&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 3;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 4;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Cumulative equity in losses of Local Limited Partnerships (excluding&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 5;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times
 new roman,times"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;cumulative unrecognized losses of $3,478,376 and $3,202,928 at&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 6;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;September 30 and March 31, 2012, respectively)&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(8,921,460&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(8,813,573&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 7;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 8;"&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 76%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Cumulative cash distributions received from Local Limited Partnerships&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: medium none; width: 1%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: medium none; width: 9%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(46,448&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: medium none; width: 1%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: medium none; width: 9%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(480,795&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 9;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2"
 style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 10;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Investments in Local Limited Partnerships before adjustments&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;2,052,876&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;6,648,828&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 11;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 12;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&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;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 13;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 14;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Acquisition fees and expenses&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;558,742&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new
 roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;619,931&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 15;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 16;"&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 76%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Cumulative amortization of acquisition fees and expenses&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: medium none; width: 1%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: medium none; width: 9%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(159,163&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: medium none; width: 1%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: medium none; width: 9%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(187,865&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 17;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 18;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Investments in Local Limited Partnerships before valuation allowance&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 19;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;and impairment&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times
 new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;2,452,455&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;7,080,894&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 20;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 21;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Cumulative valuation allowance on advances to Local Limited&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 22;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Partnerships&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(1,417,455&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(1,417,455&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 23;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 24;"&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 76%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Cumulative impairment on investments in Local Limited Partnerships&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: medium none; width: 1%; border-top: medium none; border-right: medium none; padding: 0in;"
 valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: medium none; width: 9%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(1,035,000&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: medium none; width: 1%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: medium none; width: 9%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;(3,663,000&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 25;"&gt;
&lt;td style="width: 76%; padding: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 9%; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="mso-yfti-irow: 26;"&gt;
&lt;td style="padding-bottom: 3pt; padding-left: 0in; width: 76%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="76%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;Investments in Local Limited Partnerships&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 3pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 2.25pt double; border-left: medium none; width: 1%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 2.25pt double; border-left: medium none; width: 9%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 3pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 3pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 2.25pt double; border-left: medium none; width: 1%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="1%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 2.25pt double; border-left: medium none; width: 9%; border-top: medium none; border-right: medium none; padding: 0in;" valign="bottom" width="9%"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;2,000,439&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 3pt; padding-left: 0in; width: 1%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font size="2" style="font-family:times new roman,times"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</bftcviii:ScheduleOfLocalLimitedPartnershipInvestmentsTableTextBlock>
<us-gaap:EquityMethodInvestmentsTextBlock contextRef="Context_6ME_30-Sep-2012">&lt;p&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;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="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;u&gt;2012&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;u&gt;2011&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding: 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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="padding: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;u&gt;Oak Knoll Renaissance, Limited Partnership&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" colspan="2"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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-bottom: 1.5pt; padding-left: 0in; padding-right: 0in; padding-top: 0in;" valign="bottom" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Revenue&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;N/A&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;494,758&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="76%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Net Loss&lt;/font&gt;&lt;/p&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;N/A&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="1%"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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%; padding: 0in;" valign="bottom" width="9%"&gt;
&lt;p align="right" style="text-align: right; line-height: normal; margin-bottom: 0pt;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;(72,422&lt;/font&gt;&lt;/p&gt;
&lt;/td&gt;
&lt;td style="width: 1%; padding: 0in;" valign="bottom" width="1%" nowrap="nowrap"&gt;
&lt;p style="line-height: normal; margin-bottom: 0pt;" 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;/table&gt;</us-gaap:EquityMethodInvestmentsTextBlock>
<bftcviii:LimitedPartnersCumulativeEarningsSharingPercentage contextRef="Context_6ME_30-Sep-2012" unitRef="pure" decimals="2">0.99</bftcviii:LimitedPartnersCumulativeEarningsSharingPercentage>
<bftcviii:GeneralPartnerCumulativeEarningsSharingPercentage contextRef="Context_6ME_30-Sep-2012" unitRef="pure" decimals="2">0.01</bftcviii:GeneralPartnerCumulativeEarningsSharingPercentage>
<bftcviii:NetProceedsFromSaleRefinancingLimitedPartnersSharingPercentage contextRef="Context_6ME_30-Sep-2012" unitRef="pure" decimals="2">0.95</bftcviii:NetProceedsFromSaleRefinancingLimitedPartnersSharingPercentage>
<bftcviii:NetProceedsFromSaleRefinancingGeneralPartnerSharingPercentage contextRef="Context_6ME_30-Sep-2012" unitRef="pure" decimals="2">0.05</bftcviii:NetProceedsFromSaleRefinancingGeneralPartnerSharingPercentage>
<bftcviii:CapitalContributionsAndAdvancesPaidToLocalLimitedPartnerships contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">15943196</bftcviii:CapitalContributionsAndAdvancesPaidToLocalLimitedPartnerships>
<bftcviii:CapitalContributionsAndAdvancesPaidToLocalLimitedPartnerships contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">11020784</bftcviii:CapitalContributionsAndAdvancesPaidToLocalLimitedPartnerships>
<bftcviii:CumulativeEquityInLossesOfLocalLimitedPartnershipRecognized contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">8813573</bftcviii:CumulativeEquityInLossesOfLocalLimitedPartnershipRecognized>
<bftcviii:CumulativeEquityInLossesOfLocalLimitedPartnershipRecognized contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">8921460</bftcviii:CumulativeEquityInLossesOfLocalLimitedPartnershipRecognized>
<bftcviii:CumulativeCashDistributionsReceivedFromLimitedPartnerships contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">480795</bftcviii:CumulativeCashDistributionsReceivedFromLimitedPartnerships>
<bftcviii:CumulativeCashDistributionsReceivedFromLimitedPartnerships contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">46448</bftcviii:CumulativeCashDistributionsReceivedFromLimitedPartnerships>
<bftcviii:InvestmentsInLocalLimitedPartnershipsBeforeAdjustments contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">6648828</bftcviii:InvestmentsInLocalLimitedPartnershipsBeforeAdjustments>
<bftcviii:InvestmentsInLocalLimitedPartnershipsBeforeAdjustments contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">2052876</bftcviii:InvestmentsInLocalLimitedPartnershipsBeforeAdjustments>
<bftcviii:AcquisitionFeesAndExpenses contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">619931</bftcviii:AcquisitionFeesAndExpenses>
<bftcviii:AcquisitionFeesAndExpenses contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">558742</bftcviii:AcquisitionFeesAndExpenses>
<bftcviii:CumulativeAmortizationOfAcquisitionFeesAndExpenses contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">187865</bftcviii:CumulativeAmortizationOfAcquisitionFeesAndExpenses>
<bftcviii:CumulativeAmortizationOfAcquisitionFeesAndExpenses contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">159163</bftcviii:CumulativeAmortizationOfAcquisitionFeesAndExpenses>
<bftcviii:InvestmentsInLocalLimitedPartnershipsBeforeValuationAllowanceAndImpairment contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">7080894</bftcviii:InvestmentsInLocalLimitedPartnershipsBeforeValuationAllowanceAndImpairment>
<bftcviii:InvestmentsInLocalLimitedPartnershipsBeforeValuationAllowanceAndImpairment contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">2452455</bftcviii:InvestmentsInLocalLimitedPartnershipsBeforeValuationAllowanceAndImpairment>
<bftcviii:CumulativeValuationAllowanceOnAdvancesToLocalLimitedPartnerships contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">1417455</bftcviii:CumulativeValuationAllowanceOnAdvancesToLocalLimitedPartnerships>
<bftcviii:CumulativeValuationAllowanceOnAdvancesToLocalLimitedPartnerships contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">1417455</bftcviii:CumulativeValuationAllowanceOnAdvancesToLocalLimitedPartnerships>
<bftcviii:CumulativeImpairmentOnInvestmentsInLocalLimitedPartnerships contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">3663000</bftcviii:CumulativeImpairmentOnInvestmentsInLocalLimitedPartnerships>
<bftcviii:CumulativeImpairmentOnInvestmentsInLocalLimitedPartnerships contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">1035000</bftcviii:CumulativeImpairmentOnInvestmentsInLocalLimitedPartnerships>
<us-gaap:SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest contextRef="Context_6ME_30-Sep-2011_LegalEntityAxis_OtherLocalLimitedPartnershipsMember" unitRef="pure" decimals="2">0.99</us-gaap:SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest>
<us-gaap:SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest contextRef="Context_6ME_30-Sep-2011_LegalEntityAxis_HemlockRidgeLimitedPartnershipMember" unitRef="pure" decimals="2">0.77</us-gaap:SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest>
<bftcviii:UnrecognizedEquityLossesOnLocalLimitedPartnershipInvestments contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">431767</bftcviii:UnrecognizedEquityLossesOnLocalLimitedPartnershipInvestments>
<bftcviii:UnrecognizedEquityLossesOnLocalLimitedPartnershipInvestments contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">308831</bftcviii:UnrecognizedEquityLossesOnLocalLimitedPartnershipInvestments>
<us-gaap:InvestmentOwnedAtFairValue contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">2044403</us-gaap:InvestmentOwnedAtFairValue>
<bftcviii:CumulativeUnrecognizedEquityLossesInLocalLimitedPartnerships contextRef="Context_As_Of_31-Mar-2012" unitRef="USD" decimals="0">3202928</bftcviii:CumulativeUnrecognizedEquityLossesInLocalLimitedPartnerships>
<bftcviii:CumulativeUnrecognizedEquityLossesInLocalLimitedPartnerships contextRef="Context_As_Of_30-Sep-2012" unitRef="USD" decimals="0">3478376</bftcviii:CumulativeUnrecognizedEquityLossesInLocalLimitedPartnerships>
<bftcviii:NetEquityIncomeLossOnLocalLimitedPartnershipInvestments contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">420305</bftcviii:NetEquityIncomeLossOnLocalLimitedPartnershipInvestments>
<bftcviii:NetEquityIncomeLossOnLocalLimitedPartnershipInvestments contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">215726</bftcviii:NetEquityIncomeLossOnLocalLimitedPartnershipInvestments>
<us-gaap:EquityMethodInvestmentSummarizedFinancialInformationRevenue contextRef="Context_3ME_30-Jun-2011" unitRef="USD" decimals="0">494758</us-gaap:EquityMethodInvestmentSummarizedFinancialInformationRevenue>

<us-gaap:EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss contextRef="Context_3ME_30-Jun-2011" unitRef="USD" decimals="0">-72422</us-gaap:EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss>

<bftcviii:EquityMethodInvestmentOwnershipPercentageCriteria contextRef="Context_3ME_30-Jun-2012">Local Limited Partnership invested in by the Fund represents more than 20% of the Fund's total assets or equity as of September 30, 2012 or 2011 or net losses for the three months then ended.</bftcviii:EquityMethodInvestmentOwnershipPercentageCriteria>
<bftcviii:UnrecognizedEquityLossesInLocalLimitedPartnerships contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">33383</bftcviii:UnrecognizedEquityLossesInLocalLimitedPartnerships>
<us-gaap:IncreaseDecreaseInOtherOperatingAssets contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">-209</us-gaap:IncreaseDecreaseInOtherOperatingAssets>
<us-gaap:IncreaseDecreaseInOtherOperatingAssets contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">-221</us-gaap:IncreaseDecreaseInOtherOperatingAssets>
<us-gaap:IncreaseDecreaseInDueToAffiliates contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">137289</us-gaap:IncreaseDecreaseInDueToAffiliates>
<us-gaap:IncreaseDecreaseInDueToAffiliates contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">-992860</us-gaap:IncreaseDecreaseInDueToAffiliates>
<us-gaap:IncreaseDecreaseInAccruedLiabilities contextRef="Context_6ME_30-Sep-2011" unitRef="USD" decimals="0">-6231</us-gaap:IncreaseDecreaseInAccruedLiabilities>
<us-gaap:IncreaseDecreaseInAccruedLiabilities contextRef="Context_6ME_30-Sep-2012" unitRef="USD" decimals="0">-4326</us-gaap:IncreaseDecreaseInAccruedLiabilities>

<!-- Footnote Section -->
<link:footnoteLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
</link:footnoteLink>

	<xbrli:unit id="USD_per_Share"><xbrli:divide><xbrli:unitNumerator><xbrli:measure>iso4217:USD</xbrli:measure></xbrli:unitNumerator><xbrli:unitDenominator><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unitDenominator></xbrli:divide></xbrli:unit>
	</xbrli:xbrl>