Summary of Significant Accounting Policies (Tables)

9 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Schedule of Sale or Disposal of Equity Method Investments in Local Limited Partnership

The following table reflects the dispositions that occurred during the nine months ended December 31, 2013. The Compliance Period for all Local Limited Partnerships has been completed so there is no risk of tax credit recapture to the investors in the Partnership.

Local Limited Partnership	Debt at 12/31 prior to sale date		Appraisal Value		Date of Sale		Sales Proceeds		Actual Sale Related Expenses		Gain (loss) on sale
Almond View Apartments, Limited	$	1,616,729	$	295,000		7/31/2013	$	2,500	$	2,080	$	420
La Paloma del Sol, Phase II, L.P.		1,336,172		810,000		8/31/2013		10,000		2,011		7,989

Schedule of Anticipated Use of Cash Proceeds from Disposal of Local Limited Partnerships

The following table represents the use of the cash proceeds from the disposition of the Local Limited Partnerships that were disposed of during the nine months ended December 31, 2013:

Local Limited Partnership	Cash Proceeds		Reimburse GP or affiliates for expenses		Payment of accrued asset management fees		Remaining cash to remain in reserves for future expenses		Cash distribution to investors
Almond View Apartments, Limited	$	2,500	$	-	$	-	$	2,500	$	-
La Paloma del Sol, Phase II, L.P.		10,000		2,441		-		7,559		-