Significant Subsidiaries

6 Months Ended

Sep. 30, 2011

Significant Subsidiaries [Abstract]

Significant Subsidiaries [Text Block]

4.      Significant Subsidiaries

 The following Local Limited Partnerships invested in by the Fund represent more than 20% of the Fund’s total assets or equity as of September 30, 2011 or 2010 or net losses for the three months then ended.  The following financial information represents the performance of these Local Limited Partnerships for the three months ended June 30, 2011 and 2010:

	2011		2010
Pilot House Associates Limited Partnership
Revenue	$	324,368	$	332,881
Net Income	$	27,336	$	49,261
Preston Place Associates Limited Partnership
Revenue	$	295,852	$	261,976
Net Income (Loss)	$	31,899	$	(9,368	)