Transactions with Affiliate

12 Months Ended

Mar. 31, 2012

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

5.      Transactions with Affiliate

An affiliate of the General Partners receives the base amount of $5,500 (annually adjusted by the CPI factor) per Local Limited Partnership as the annual asset management fee for administering the affairs of the Fund.  Asset management fees for the years ended March 31, 2012 and 2011 were $41,806 and $49,710, respectively.  During the years ended March 31, 2012 and 2011, $32,636 and $62,798, respectively, were paid out of available cash flow for asset management fees.  Included in due to affiliate at March 31, 2012 was $9,008 of asset management fees.  Included in due from affiliate at March 31, 2011 was $162 of asset management fees.

An affiliate of the General Partners is reimbursed for the actual cost of the Fund's salaries and benefits expenses. Included in general and administrative expenses for the years ended March 31, 2012 and 2011 are $56,746 and $121,318,respectively, thatthe Fund has incurred for these expenses.   During the years ended March 31, 2012 and 2011, $56,746 and $121,318, respectively, were paid for these expenses.  As of March 31, 2012 and 2011, there are no unpaid salaries and benefits expenses.