Note 2 - Investments in and Advances To Local Partnerships: Schecule of Reconciliation of real estate (Tables)

12 Months Ended

Dec. 31, 2014

Tables/Schedules

Schecule of Reconciliation of real estate

(2) Reconciliation of real estate (all amounts unaudited except for those amounts   relative to the Material Investee) (in thousands):

	December 31, 2014
	Unaudited	Material Investee	Total
Real Estate:
Balance at beginning of year	$ 4,221	$ 10,761	$ 14,982
Improvements	0	851	851
Balance at end of year	$ 4,221	$ 11,612	$ 15,833

	December 31, 2013
	Unaudited	Material Investee	Total
Real Estate:
Balance at beginning of year	$ 4,210	$ 9,065	$ 13,275
Improvements	11	1,696	1,707
Balance at end of year	$ 4,221	$ 10,761	$ 14,982