2. Investment in Local Partnerships	9 Months Ended
Dec. 30, 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 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 December 30, 2016, the Trust holds a Local Partnership Interest in two Local Partnerships. 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. During the nine months ended December 30, 2016, the Trust sold its Local Partnership Interest in ACP Housing Associates, L.P. (“ACP Housing”) to an affiliate of the Local General Partner of ACP Housing; the Trust received $1,331,798 in connection with the sale. Such amount is reflected as gain on sale of limited partner interests/local partnership properties in the accompanying unaudited statement of operations and comprehensive income (loss) for the nine months ended December 30, 2016.

2. Investment in Local Partnerships

9 Months Ended

Dec. 30, 2016

2. Investment in Local Partnerships

The Trust initially acquired limited partner equity interests (the “Local Partnership Interest” or “Local Partnership Interests”) in ten 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 December 30, 2016, the Trust holds a Local Partnership Interest in two Local Partnerships. 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.

During the nine months ended December 30, 2016, the Trust sold its Local Partnership Interest in ACP Housing Associates, L.P. (“ACP Housing”) to an affiliate of the Local General Partner of ACP Housing; the Trust received $1,331,798 in connection with the sale. Such amount is reflected as gain on sale of limited partner interests/local partnership properties in the accompanying unaudited statement of operations and comprehensive income (loss) for the nine months ended December 30, 2016.