Investments in Local Limited Partnerships (Tables)

6 Months Ended

Sep. 30, 2013

Equity Method Investments and Joint Ventures [Abstract]

Schedule Of Local Limited Partnership Investments [Table Text Block]

The following is a summary of investments in Local Limited Partnerships at September 30, 2013 and March 31, 2013:

	September 30		March 31
Capital contributions paid to Local Limited Partnerships	$	4,015,376	$	4,015,376
Cumulative equity in losses of Local Limited Partnerships (excluding
cumulative unrecognized losses of $1,001,859 and $945,515 at
September 30 and March 31, 2013, respectively)		(2,971,814)		(2,971,814)
Cumulative cash distributions received from Local Limited Partnerships		(43,323)		(43,323)
Investments in Local Limited Partnerships before adjustments		1,000,239		1,000,239
Excess investment costs over the underlying assets acquired:
Acquisition fees and expenses		49,892		49,892
Cumulative amortization of acquisition fees and expenses		(15,131)		(15,131)
Investments in Local Limited Partnerships before impairment		1,035,000		1,035,000
Cumulative impairment on investments in Local Limited Partnerships		(1,035,000)		(1,035,000)
Investments in Local Limited Partnerships	$	-	$	-