Debt	9 Months Ended
Sep. 30, 2011
Debt
Debt Disclosure [Text Block]	NOTE 4 - NOTES PAYABLE Eight of the Partnership's nineteen remaining investments involved purchases of partnership interests from partners who subsequently withdrew from the operating partnership. As of September 30, 2011 and December 31, 2010, the Partnership is obligated on non-recourse notes payable of approximately $6,070,000 bearing interest at 9.5 to 10 percent, to the sellers of the partnership interests. The Partnership recognized interest expense of approximately $423,000 and $431,000 for the nine months ended September 30, 2011 and 2010, respectively. Accrued interest is approximately $15,072,000 and $14,649,000 as of September 30, 2011 and December 31, 2010, respectively. Seven of the eight notes matured between December 1999 and December 2004. These obligations and related interest are collateralized by the Partnership's investments in the Local Limited Partnerships and are payable only out of cash distributions from the investee partnerships, as defined in the notes. Unpaid interest was due at maturity of the notes. Seven of the notes payable have matured and remain unpaid at September 30, 2011 and December 31, 2010. On April 20, 2010, Hampshire House sold its investment property for a sale price of $4,600,000. After payment of closing costs and upon the purchaser’s closing of its financing of the property, the Partnership received proceeds of $1,107,000, which was recognized as a distribution in excess of investment in Local Limited Partnerships during the nine months ended September 30, 2010. Approximately $890,000 of the proceeds were used at closing to repay the non-recourse note and related accrued interest payable to an affiliate of the purchaser associated with the Partnership’s investment in Hampshire House, and the Partnership received the remaining proceeds of approximately $217,000. In the fourth quarter of 2010, the Partnership used approximately $44,000 of the proceeds to pay the Local Limited Partnership’s entity tax liability, reducing the proceeds received to $1,063,000. The Partnership had no investment balance remaining in Hampshire House as of September 30, 2011 and December 31, 2010. In 2005, the Partnership entered into an agreement with the non-recourse note holder for five other Local Limited Partnerships with notes payable totaling approximately $2,329,000 and accrued interest of approximately $5,891,000 as of September 30, 2011, in which the note holder agreed to forebear taking any action under these notes pending the purchase by the note holder of a series of projects including the properties owned by nine of the Local Limited Partnerships. As discussed in “Note 3”, these Local Limited Partnerships entered into sale contracts to sell their respective properties to the note holder. If the sales close, notes payable totaling approximately $2,329,000 and associated accrued interest of approximately $5,891,000 as of September 30, 2011 would be extinguished. The Partnership has no remaining investment balance in these Local Limited Partnerships as of September 30, 2011 and December 31, 2010. There were no principal or interest payments made on these notes during the nine months ended September 30, 2011 or 2010. Management negotiated an extension of the maturity date on one note payable. In 2009 and 2010, the Partnership entered into an agreement with the non-recourse note holder for the remaining two Local Limited Partnerships in which the note holder agreed to forebear taking any action under these notes in order to permit the underlying properties of these Local Limited Partnerships to pursue refinancing of certain indebtedness owed to the respective housing authorities. Management is attempting to negotiate extensions of the maturity dates on these two notes payable. If the negotiations are unsuccessful, the Partnership could lose its investments in the Local Limited Partnerships to foreclosure.

Debt

9 Months Ended

Sep. 30, 2011

NOTE 4 - NOTES PAYABLE

Eight of the Partnership's nineteen remaining investments involved purchases of partnership interests from partners who subsequently withdrew from the operating partnership. As of September 30, 2011 and December 31, 2010, the Partnership is obligated on non-recourse notes payable of approximately $6,070,000 bearing interest at 9.5 to 10 percent, to the sellers of the partnership interests. The Partnership recognized interest expense of approximately $423,000 and $431,000 for the nine months ended September 30, 2011 and 2010, respectively. Accrued interest is approximately $15,072,000 and $14,649,000 as of September 30, 2011 and December 31, 2010, respectively. Seven of the eight notes matured between December 1999 and December 2004. These obligations and related interest are collateralized by the Partnership's investments in the Local Limited Partnerships and are payable only out of cash distributions from the investee partnerships, as defined in the notes. Unpaid interest was due at maturity of the notes. Seven of the notes payable have matured and remain unpaid at September 30, 2011 and December 31, 2010.

On April 20, 2010, Hampshire House sold its investment property for a sale price of $4,600,000. After payment of closing costs and upon the purchaser’s closing of its financing of the property, the Partnership received proceeds of $1,107,000, which was recognized as a distribution in excess of investment in Local Limited Partnerships during the nine months ended September 30, 2010. Approximately $890,000 of the proceeds were used at closing to repay the non-recourse note and related accrued interest payable to an affiliate of the purchaser associated with the Partnership’s investment in Hampshire House, and the Partnership received the remaining proceeds of approximately $217,000. In the fourth quarter of 2010, the Partnership used approximately $44,000 of the proceeds to pay the Local Limited Partnership’s entity tax liability, reducing the proceeds received to $1,063,000. The Partnership had no investment balance remaining in Hampshire House as of September 30, 2011 and December 31, 2010.

In 2005, the Partnership entered into an agreement with the non-recourse note holder for five other Local Limited Partnerships with notes payable totaling approximately $2,329,000 and accrued interest of approximately $5,891,000 as of September 30, 2011, in which the note holder agreed to forebear taking any action under these notes pending the purchase by the note holder of a series of projects including the properties owned by nine of the Local Limited Partnerships. As discussed in “Note 3”, these Local Limited Partnerships entered into sale contracts to sell their respective properties to the note holder. If the sales close, notes payable totaling approximately $2,329,000 and associated accrued interest of approximately $5,891,000 as of September 30, 2011 would be extinguished. The Partnership has no remaining investment balance in these Local Limited Partnerships as of September 30, 2011 and December 31, 2010.

There were no principal or interest payments made on these notes during the nine months ended September 30, 2011 or 2010. Management negotiated an extension of the maturity date on one note payable. In 2009 and 2010, the Partnership entered into an agreement with the non-recourse note holder for the remaining two Local Limited Partnerships in which the note holder agreed to forebear taking any action under these notes in order to permit the underlying properties of these Local Limited Partnerships to pursue refinancing of certain indebtedness owed to the respective housing authorities. Management is attempting to negotiate extensions of the maturity dates on these two notes payable. If the negotiations are unsuccessful, the Partnership could lose its investments in the Local Limited Partnerships to foreclosure.