INVESTMENT IN LIMITED PARTNERSHIP

12 Months Ended

Dec. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

Cost-method Investments, Description [Text Block]

NOTE B - INVESTMENT IN LIMITED PARTNERSHIP

On October 15, 2003, the Corporation was admitted as the assignor limited partner in Boston Capital Tax Credit Fund V L.P. The Limited Partnership was formed to invest in real estate by acquiring, holding, and disposing of limited partnership interests in operating partnerships which will acquire, develop, rehabilitate, operate and own newly-constructed, existing or rehabilitated low-income apartment complexes. The Corporation has recorded its $100 investment at cost.