Significant Subsidiaries

3 Months Ended

Jun. 30, 2012

Significant Subsidiaries [Abstract]

Significant Subsidiaries [Text Block]

2.      Significant Subsidiaries

The following Local Limited Partnership invested in by the Partnership represents more than 20% of the Partnership’s total assets or equity as of June 30, 2012 or 2011 or net income (loss) for the three months then ended.  The following financial information represents the performance of this Local Limited Partnership for the three months ended March 31, 2012 and 2011:

Circle Terrace Associates Limited Partnership	2012			2011
Revenue	$	738,900		$	734,400
Net Income (Loss)	$	(29,900	)	$	46,300