2. Investment in Local Partnerships	3 Months Ended
Jun. 29, 2016
Notes
2. Investment in Local Partnerships	2. Investment in Local Partnerships The Trust initially acquired limited partner equity interests (the “Local Partnership Interest” or “Local Partnership Interests”) in ten Local Partnerships (the “Local Partnership” or “Local Partnerships”) representing capital contributions in the aggregate amount of $14,837,956, which includes voluntary advances (the “Advances”) made to certain Local Partnerships and all of which has been paid. As of June 29, 2016, the Trust holds a Local Partnership Interest in three Local Partnerships (see discussion below herein Note 2 regarding the Trust’s sale of its Local Partnership Interest in ACP Housing Associates, L.P. (“ACP Housing”) subsequent to June 29, 2016). The Trust has no legal obligation to fund any operating deficits of the remaining Local Partnerships. The results of operations of the Local Partnerships are provided by the general partners of the Local Partnerships (the “Local General Partners”) on an unaudited basis during interim periods. In the event the operations of a Local Partnership result in a loss, equity in loss of each investment in Local Partnership allocated to the Trust is recognized to the extent of the Trust’s investment balance in each Local Partnership. Equity in loss in excess of the Trust’s investment balance in a Local Partnership is allocated to other partners’ capital in any such Local Partnership. As a result of cumulative equity losses and distributions, and the sales of certain Local Partnerships’ Properties and/or the Trust’s Local Partnership Interests, the Trust’s investment in local partnerships reached a zero balance in a prior year. Subsequent to June 29, 2016, the Trust sold its Local Partnership Interest in ACP Housing to an affiliate of the Local General Partner of ACP Housing. The Trust received $1,331,798 in connection with the sale.

2. Investment in Local Partnerships

3 Months Ended

Jun. 29, 2016

2. Investment in Local Partnerships

The Trust initially acquired limited partner equity interests (the “Local Partnership Interest” or “Local Partnership Interests”) in ten Local Partnerships (the “Local Partnership” or “Local Partnerships”) representing capital contributions in the aggregate amount of $14,837,956, which includes voluntary advances (the “Advances”) made to certain Local Partnerships and all of which has been paid. As of June 29, 2016, the Trust holds a Local Partnership Interest in three Local Partnerships (see discussion below herein Note 2 regarding the Trust’s sale of its Local Partnership Interest in ACP Housing Associates, L.P. (“ACP Housing”) subsequent to June 29, 2016). The Trust has no legal obligation to fund any operating deficits of the remaining Local Partnerships. The results of operations of the Local Partnerships are provided by the general partners of the Local Partnerships (the “Local General Partners”) on an unaudited basis during interim periods.

In the event the operations of a Local Partnership result in a loss, equity in loss of each investment in Local Partnership allocated to the Trust is recognized to the extent of the Trust’s investment balance in each Local Partnership. Equity in loss in excess of the Trust’s investment balance in a Local Partnership is allocated to other partners’ capital in any such Local Partnership. As a result of cumulative equity losses and distributions, and the sales of certain Local Partnerships’ Properties and/or the Trust’s Local Partnership Interests, the Trust’s investment in local partnerships reached a zero balance in a prior year.

Subsequent to June 29, 2016, the Trust sold its Local Partnership Interest in ACP Housing to an affiliate of the Local General Partner of ACP Housing. The Trust received $1,331,798 in connection with the sale.