Sale of Properties	12 Months Ended
Mar. 31, 2017
Disclosure Text Block [Abstract]
Sale Of Properties	NOTE 10 – Sale of Properties The Partnership has developed a plan to dispose of its last remaining investment. It is anticipated that this process will take from six to twelve months. During the fiscal year ended March 31, 2017, the Partnership sold its limited partnership interest in one Local Partnerships. Through March 31, 2017, the Partnership has sold its limited partnership interest in nine Local Partnerships, and the property and the related assets and liabilities of four Local Partnerships have been sold. There can be no assurance as to when the Partnership will dispose of its remaining investment or the amount of proceeds which may be received. However, the proceeds from such sales received by the Partnership from the remaining investment will not be sufficient to return to the limited partners their original investments. All gains and losses on sales are included in discontinued operations. On September 21, 2016, the Partnership sold its limited partnership interest in Bakery Village Urban Renewal Associates, L.P. (“Bakery Village”) to an affiliate of the Local General Partner for a sales price of approximately $2,200,000 which included the repayment of accrued administrative fees owed to Independence SLP L.P in the amount of $79,000. The sale resulted in a gain of approximately $5,247,000 resulting from the write-off of the deficit basis in the Local Partnership plus the cash received by the Partnership, which was recorded during the quarter ended September 30, 2016. An adjustment to the gain of approximately $24,000 was recorded during the quarter ended March 31, 2017 resulting in an overall gain of approximately $5,223,000. On July 27, 2015, the Partnership sold its limited partnership interest in First African Kanisa Apartments (“First African”) to an affiliate of the Local General Partner for a sales price of $1. The sale resulted in a gain of approximately $1,603,000 resulting from the write-off of the deficit basis in the Local Partnership of the same amount at the date of the sale, which was recorded during the quarter ended September 30, 2015. An adjustment to the gain of approximately $88,000 was recorded during the quarter ended March 31, 2016 resulting in an overall gain of $1,515,000. During the year ended March 31, 2016, accrued administrative fees owed to Independence SLP IV L.P. from two Local Partnerships were forgiven. These fees amounted to $77,807, and are included as contributions write-off of related party debt in the consolidated statements of changes in partners’ (deficit) capital. On June 1, 2015, the Partnership sold its limited partnership interest in KSD Village Apartments Phase II, Ltd. (“KSD Village”) to an unaffiliated third party purchaser for a sales price of $1. The sale resulted in a gain of approximately $293,000 resulting from the write-off of the deficit basis in the Local Partnership of the same amount at the date of the sale, which was recorded during the quarter ended June 30, 2015. An adjustment to the gain of approximately $61,000 was recorded during the quarter ended March 31, 2016 resulting in an overall gain of $232,000. During the year ended March 31, 2016, accrued administrative fees owed to Independence SLP IV L.P. from two Local Partnerships were forgiven. These fees amounted to $58,374, and are included as contributions write-off of related party debt in the consolidated statements of changes in partners’ (deficit) capital. On June 15, 2015, the property and the related assets and liabilities of Kaneohe Limited Partnership (“Kaneohe”) were sold to an unaffiliated third party purchaser for a sales price of $10,100,000. The Partnership received $2,893,000 as a distribution from this sale after the repayment of the mortgages, other liabilities and closing costs of approximately $7,207,000. The sale resulted in a gain of approximately $4,587,000 which was recorded during the quarter ended June 30, 2015. An adjustment to the gain of approximately $4,073,000 was recorded during the quarter ended September 30, 2015 due to a distribution from this sale in the form of a Security Agreement to the Local General Partner in the amount of $4,069,000. Additional adjustments to the gain of approximately $1,000 and $196,000 were recorded during the quarter ended March 31, 2016 and December 31, 2015, respectively, resulting in an overall gain of $8,857,000.

NOTE 10 – Sale of Properties

The Partnership has developed a plan to dispose of its last remaining investment. It is anticipated that this process will take from six to twelve months. During the fiscal year ended March 31, 2017, the Partnership sold its limited partnership interest in one Local Partnerships. Through March 31, 2017, the Partnership has sold its limited partnership interest in nine Local Partnerships, and the property and the related assets and liabilities of four Local Partnerships have been sold. There can be no assurance as to when the Partnership will dispose of its remaining investment or the amount of proceeds which may be received. However, the proceeds from such sales received by the Partnership from the remaining investment will not be sufficient to return to the limited partners their original investments. All gains and losses on sales are included in discontinued operations.

On September 21, 2016, the Partnership sold its limited partnership interest in Bakery Village Urban Renewal Associates, L.P. (“Bakery Village”) to an affiliate of the Local General Partner for a sales price of approximately $2,200,000 which included the repayment of accrued administrative fees owed to Independence SLP L.P in the amount of $79,000. The sale resulted in a gain of approximately $5,247,000 resulting from the write-off of the deficit basis in the Local Partnership plus the cash received by the Partnership, which was recorded during the quarter ended September 30, 2016. An adjustment to the gain of approximately $24,000 was recorded during the quarter ended March 31, 2017 resulting in an overall gain of approximately $5,223,000.

On July 27, 2015, the Partnership sold its limited partnership interest in First African Kanisa Apartments (“First African”) to an affiliate of the Local General Partner for a sales price of $1. The sale resulted in a gain of approximately $1,603,000 resulting from the write-off of the deficit basis in the Local Partnership of the same amount at the date of the sale, which was recorded during the quarter ended September 30, 2015. An adjustment to the gain of approximately $88,000 was recorded during the quarter ended March 31, 2016 resulting in an overall gain of $1,515,000. During the year ended March 31, 2016, accrued administrative fees owed to Independence SLP IV L.P. from two Local Partnerships were forgiven. These fees amounted to $77,807, and are included as contributions write-off of related party debt in the consolidated statements of changes in partners’ (deficit) capital.

On June 1, 2015, the Partnership sold its limited partnership interest in KSD Village Apartments Phase II, Ltd. (“KSD Village”) to an unaffiliated third party purchaser for a sales price of $1. The sale resulted in a gain of approximately $293,000 resulting from the write-off of the deficit basis in the Local Partnership of the same amount at the date of the sale, which was recorded during the quarter ended June 30, 2015. An adjustment to the gain of approximately $61,000 was recorded during the quarter ended March 31, 2016 resulting in an overall gain of $232,000. During the year ended March 31, 2016, accrued administrative fees owed to Independence SLP IV L.P. from two Local Partnerships were forgiven. These fees amounted to $58,374, and are included as contributions write-off of related party debt in the consolidated statements of changes in partners’ (deficit) capital.

On June 15, 2015, the property and the related assets and liabilities of Kaneohe Limited Partnership (“Kaneohe”) were sold to an unaffiliated third party purchaser for a sales price of $10,100,000. The Partnership received $2,893,000 as a distribution from this sale after the repayment of the mortgages, other liabilities and closing costs of approximately $7,207,000. The sale resulted in a gain of approximately $4,587,000 which was recorded during the quarter ended June 30, 2015. An adjustment to the gain of approximately $4,073,000 was recorded during the quarter ended September 30, 2015 due to a distribution from this sale in the form of a Security Agreement to the Local General Partner in the amount of $4,069,000. Additional adjustments to the gain of approximately $1,000 and $196,000 were recorded during the quarter ended March 31, 2016 and December 31, 2015, respectively, resulting in an overall gain of $8,857,000.