Note 3 - Transactions With Affiliated Parties	9 Months Ended
Sep. 30, 2013
Notes
Note 3 - Transactions With Affiliated Parties	Note 3 – Transactions with Affiliated Parties Under the terms of the Restated Certificate and Agreement of Limited Partners, the Partnership is obligated to NAPICO for an annual management fee equal to 0.5 percent of the Partnership’s original invested assets of the local limited partnerships and is calculated at the beginning of each year. Invested assets are defined as the costs of acquiring project interests, including the proportionate amount of the mortgage loans related to the Partnership's interest in the capital accounts of the respective Local Partnerships. The management fee incurred was approximately $14,000 for the three and nine months ended September 30, 2013, respectively, and approximately $41,000 for the three and nine months ended September 30, 2012, respectively. At September 30, 2013 and December 31, 2012, the Partnership owed NAPICO approximately $525,000 and $471,000, respectively, for management fees and this amount is included in accrued fees due to General Partner. The General Partner was entitled to receive a liquidation fee of approximately $51,000 related to the sale of the local limited partnership interest in Cherry Hill Apartments, which was sold in September 2003. This fee was accrued and is included in accrued fees due to General Partner. The fee will not be paid until the limited partners have received a return of their original invested capital. The General Partner and its affiliates did not make advances to the Partnership during the nine months ended September 30, 2013 and 2012. Interest on advances is charged at prime plus 2%, or 5.25% at September 30, 2013. The expense was approximately $19,000 and $35,000 for the three and nine months ended September 30, 2013, respectively, and $11,000 and $33,000 for the three and nine months ended September 30, 2012, respectively. At September 30, 2013 and December 31, 2012, the Partnership owed approximately $536,000 and $877,000, respectively, in advances and related accrued interest to the General Partner and its affiliates. As of September 30, 2013 and December 31, 2012, the accrued fees due to the General Partner exceeded the Partnership’s cash. The Partnership Agreement provides that the fees and advances due to the General Partner may only be paid from the Partnership’s available cash, however, the Partnership still remains liable for all such amounts.

Note 3 - Transactions With Affiliated Parties

9 Months Ended

Sep. 30, 2013

Note 3 - Transactions With Affiliated Parties

Note 3 – Transactions with Affiliated Parties

Under the terms of the Restated Certificate and Agreement of Limited Partners, the Partnership is obligated to NAPICO for an annual management fee equal to 0.5 percent of the Partnership’s original invested assets of the local limited partnerships and is calculated at the beginning of each year. Invested assets are defined as the costs of acquiring project interests, including the proportionate amount of the mortgage loans related to the Partnership's interest in the capital accounts of the respective Local Partnerships. The management fee incurred was approximately $14,000 for the three and nine months ended September 30, 2013, respectively, and approximately $41,000 for the three and nine months ended September 30, 2012, respectively. At September 30, 2013 and December 31, 2012, the Partnership owed NAPICO approximately $525,000 and $471,000, respectively, for management fees and this amount is included in accrued fees due to General Partner.

The General Partner was entitled to receive a liquidation fee of approximately $51,000 related to the sale of the local limited partnership interest in Cherry Hill Apartments, which was sold in September 2003. This fee was accrued and is included in accrued fees due to General Partner. The fee will not be paid until the limited partners have received a return of their original invested capital.

The General Partner and its affiliates did not make advances to the Partnership during the nine months ended September 30, 2013 and 2012. Interest on advances is charged at prime plus 2%, or 5.25% at September 30, 2013. The expense was approximately $19,000 and $35,000 for the three and nine months ended September 30, 2013, respectively, and $11,000 and $33,000 for the three and nine months ended September 30, 2012, respectively. At September 30, 2013 and December 31, 2012, the Partnership owed approximately $536,000 and $877,000, respectively, in advances and related accrued interest to the General Partner and its affiliates.

As of September 30, 2013 and December 31, 2012, the accrued fees due to the General Partner exceeded the Partnership’s cash. The Partnership Agreement provides that the fees and advances due to the General Partner may only be paid from the Partnership’s available cash, however, the Partnership still remains liable for all such amounts.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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REAL ESTATE ASSOCIATES LTD/CA 10-Q