UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB

(Mark One)
[X]   QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
      ACT OF 1934

                 For the quarterly period ended June 30, 2002


[ ]   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
      ACT OF 1934


             For the transition period from _________to _________

                         Commission file number 0-13465


                  NATIONAL  HOUSING  PARTNERSHIP  REALTY  FUND I
        (Exact name of small business issuer as specified in its charter)



           Maryland                                              52-1358879
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)

                          55 Beattie Place, PO Box 1089
                       Greenville, South Carolina 29602
                   (Address of principal executive offices)

                                 (864) 239-1000
                           (Issuer's telephone number)

<PAGE>




                         PART I - FINANCIAL INFORMATION


ITEM 1.     FINANCIAL STATEMENTS



                  NATIONAL HOUSING PARTNERSHIP REALTY FUND I
                         Statement of Financial Position
                                (in thousands)
                                   (Unaudited)

                                  June 30, 2002


ASSETS
   Cash and cash equivalents                                    $   59
   Investments in and advances to Local Limited
      Partnerships (Note 2)                                      1,832
                                                                $1,891

LIABILITIES AND PARTNERS' (DEFICIT) EQUITY

Liabilities
   Administrative and reporting fee payable to
      General Partner (Note 3)                                  $1,069
   Other accrued expenses                                           22
                                                                 1,091

Partners' (deficit) equity
   General Partner -- The National Housing Partnership (NHP)       (87)
   Original Limited Partner -- 1133 Fifteenth Street
      Associates                                                   (92)
   Other Limited Partners -- 11,429 investment units               979
                                                                   800
                                                                $1,891

                See Accompanying Notes to Financial Statements


<PAGE>

                  NATIONAL HOUSING PARTNERSHIP REALTY FUND I
                            Statements of Operations
                       (in thousands, except unit data)
                                   (Unaudited)

<TABLE>
<CAPTION>

                                               Three Months Ended       Six Months Ended
                                                    June 30,                June 30,
                                                2002        2001        2002         2001

Revenues:
  Share of profits (losses) from Local
<S>                            <C>           <C>         <C>         <C>         <C>
    Limited Partnerships (Note 2)            $    12     $    69     $   (22)    $    37
  Interest received on advances to Local
   Limited Partnerships                           --          15           3          15
         Total revenues                           12          84         (19)         52

Costs and Expenses:
  Administrative and reporting fees to
     General Partner (Note 3)                     22          21          44          43
  Interest expense on General Partner
     Loans                                        --           4           1           7
  Other operating expenses                        13          10          27          28
         Total expenses                           35          35          72          78

Net (loss) income                            $   (23)    $    49     $   (91)    $   (26)

Allocation of net (loss) income:
  General Partner - NHP                      $    --     $     1     $    (1)    $    --
  Original Limited Partner - 1133
   Fifteenth Street Associates                    --           1          (1)         --
  Other Limited Partners                         (23)         47         (89)        (26)
                                             $   (23)    $    49     $   (91)    $   (26)

Net (loss) income per Other Limited
Partnership Interest                         $ (2.00)    $  4.08     $ (7.75)    $ (2.26)

                See Accompanying Notes to Financial Statements

</TABLE>

<PAGE>

                  NATIONAL HOUSING PARTNERSHIP REALTY FUND I
                   Statement of Partners' (Deficit) Equity
                       (in thousands, except unit data)
                                   (Unaudited)

<TABLE>
<CAPTION>


                                 The National      1133
                                    Housing      Fifteenth       Other
                                  Partnership     Street        Limited
                                     (NHP)      Associates     Partners        Total

(Deficit) equity at
<S>         <C> <C>                  <C>          <C>          <C>           <C>
   December 31, 2001                 $  (86)      $  (91)      $ 1,068       $   891

Net loss for the six months
   ended June 30, 2002                   (1)          (1)          (89)          (91)

(Deficit) equity at
   June 30, 2002                    $   (87)      $  (92)      $   979       $   800

Percentage interest at
   June 30, 2002                         1%           1%           98%          100%
                                        (A)           (B)          (C)


(A)   General Partner
(B)   Original Limited Partner
(C)   Consists of 11,429 investment units at June 30, 2002 and 11,489 investment
      units at December 31, 2001.  During the six months ended June 30, 2002, 60
      units were abandoned (Note 6).

                See Accompanying Notes to Financial Statements

</TABLE>

<PAGE>


                  NATIONAL HOUSING PARTNERSHIP REALTY FUND I
                            Statements of Cash Flows
                                (in thousands)
                                   (Unaudited)

<TABLE>
<CAPTION>

                                                                  Six Months Ended
                                                                        June 30,
                                                                  2002        2001
CASH FLOWS FROM OPERATING ACTIVITIES:
   Administrative and reporting fees paid to General
<S>                                                             <C>         <C>
    Partner                                                     $ (150)     $  --
   Interest paid on General Partner loans                          (23)         --
   Interest received on advances to Local Limited
     Partnerships                                                    3         15
   Operating expenses paid                                         (45)       (62)
   Net cash used in operating activities                          (215)       (47)

CASH FLOWS FROM INVESTING ACTIVITIES:
   Repayment of advances to Local Limited Partnerships               6         --
CASH FLOWS FROM FINANCING ACTIVITIES:
   Net advances from General Partner                                --         45
   Repayment of advances from General Partner                     (158)        --
   Net cash (used in) provided by financing activities            (158)        45

NET DECREASE IN CASH AND CASH EQUIVALENTS                         (367)        (2)

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                     426          9

CASH AND CASH EQUIVALENTS, END OF PERIOD                         $  59      $   7

RECONCILIATION OF NET LOSS TO NET CASH USED IN OPERATING
   ACTIVITIES:
     Net loss                                                    $ (91)     $ (26)
     Adjustments to reconcile net loss to net
      cash used in operating activities:
     Share of losses (profits) from Local Limited
       Partnerships                                                 22        (37)
     (Decrease) increase in administrative and reporting
       fees payable                                               (106)        43
     (Decrease) increase in accrued interest on
       partner loans                                               (22)         7
     Decrease in other accrued expenses                            (18)       (34)
        Total adjustments                                         (124)       (21)
Net cash used in operating activities                            $(215)     $ (47)

                See Accompanying Notes to Financial Statements

</TABLE>

<PAGE>

                  NATIONAL HOUSING PARTNERSHIP REALTY FUND I
                          Notes to Financial Statements
                                   (Unaudited)


(1)   ACCOUNTING POLICIES

Organization

National  Housing   Partnership   Realty  Fund  I  (the   "Partnership"  or  the
"Registrant")  is a limited  partnership  organized  under the Maryland  Revised
Uniform Limited  Partnership Act on October 21, 1983. The Partnership was formed
for the purpose of raising capital by offering and selling  limited  partnership
interests  and  then   investing  in  limited   partnerships   ("Local   Limited
Partnerships"),  each of which owns and  operates  an  existing  rental  housing
project  which is  financed  and/or  operated  with one or more  forms of rental
assistance or financial assistance from the U.S. Department of Housing and Urban
Development ("HUD").

The National Housing  Partnership,  a District of Columbia  limited  partnership
("NHP" or the "General Partner"), raised capital for the Partnership by offering
and selling to additional limited partners 11,519 investment units at a price of
$1,000 per unit.  During 1984,  the  Partnership  acquired  limited  partnership
interests  ranging from 98% to 99% in ten Local  Limited  Partnerships,  each of
which was organized to acquire and operate an existing  rental housing  project.
Apartment  Investment and Management Company  ("AIMCO"),  a publicly traded real
estate  investment  trust,  and its  affiliates  ultimately  control the General
Partner.  The Original  Limited  Partner of the  Partnership  is 1133  Fifteenth
Street  Associates,  whose  limited  partners  were key employees of the general
partner of NHP at the time the  Partnership  was formed.  The general partner of
1133 Fifteenth Street Associates is NHP.

Basis of Presentation

The accompanying  unaudited interim financial statements reflect all adjustments
which are, in the opinion of management,  necessary for a fair  presentation  of
the  financial  condition  and results of  operations  for the  interim  periods
presented. All such adjustments are of a normal and recurring nature.

While the General Partner  believes that the disclosures  presented are adequate
to make the  information  not  misleading,  it is suggested that these financial
statements  be read in  conjunction  with the  financial  statements  and  notes
included in the  Partnership's  Annual  Report filed on Form 10-KSB for the year
ended December 31, 2001.

(2)   INVESTMENTS IN AND ADVANCES TO LOCAL LIMITED PARTNERSHIPS

The Partnership owns a 98% limited partnership interest in Gates Mills I Limited
Partnership  and 99% limited  partnership  interests in five other Local Limited
Partnerships:  Forest  Green  Limited  Partnership,  Northgate  Village  Limited
Partnership,  San Jose Limited  Partnership,  Hurbell IV Limited Partnership and
Village Green Limited Partnership.  The Partnership owned a 99% interest in four
other Local  Limited  Partnerships,  two of which were sold during 2000,  one of
which was sold during 2001, and one of which was foreclosed upon during 2001.

During the six months  ended June 30, 2001,  the  noteholder  foreclosed  on the
Partnership's  interest in  Griffith  Limited  Partnership.  No gain or loss was
recorded as a result of this transfer of partnership interest.  With the loss of
the Partnership's  interest to the note holder, the Partnership will not receive
any future  benefits  from this Local  Limited  Partnership  and taxable  income
generated prior to the foreclosure was allocated to the Partnership's  investors
without any  distributable  cash for the year.  The  specific  impact of the tax
consequences is dependent upon each specific partner's individual tax situation.

During 2001,  Southward Limited  Partnership entered into a sales agreement with
an  unaffiliated  third  party for the sale of  Parker  Square  Apartments.  The
closing occurred on June 29, 2001, with a sale price of $3,300,000. Net proceeds
after payment of closing costs of  approximately  $2,686,000  were used to repay
the mortgage encumbering the property with the holders of the Parker Square note
payable receiving the remaining net proceeds in full satisfaction of amounts due
on their notes. Any unpaid balances were forgiven. The Local Limited Partnership
recognized  a  gain  on  sale  of  approximately  $211,000  and a gain  on  debt
forgiveness  of  approximately  $1,734,000  during the six months ended June 30,
2001.

During 2000,  Southridge  Apartments  Limited  Partnership  entered into a sales
agreement  with  an  unaffiliated   third  party  for  the  sale  of  Southridge
Apartments.  The closing  occurred  on  December  27,  2000.  The Local  Limited
Partnership  recognized an additional gain on debt  forgiveness of approximately
$250,000 during the six months ended June 30, 2001 due to the forgiveness of the
remaining  amounts  owed on loans  payable to the  general  partner of the Local
Limited  Partnership  which were not able to be repaid upon  dissolution  of the
Local Limited Partnership in 2001.

Effective  April  1,  2002,  the  Partnership  adopted  Statement  of  Financial
Accounting  Standards ("SFAS") No. 145, "Rescission of FASB Statements No. 4, 44
and 64". SFAS No. 4 "Reporting  Gains and Losses from  Extinguishment  of Debt,"
required  that all gains and losses from  extinguishment  of debt be  aggregated
and, if material,  classified as an  extraordinary  item.  SFAS No. 145 rescinds
SFAS No. 4, and accordingly, gains and losses from extinguishment of debt should
only be  classified  as  extraordinary  if they are  unusual in nature and occur
infrequently. Neither of these criteria applies to the Partnership. As a result,
the  accompanying  combined  statements  of  operations  reflect  the  gains  on
forgiveness of debt at Southward Limited  Partnership and Southridge  Apartments
Limited Partnership in 2001 in operations rather than as an extraordinary item.

Since the Partnership,  as a limited partner, does not exercise control over the
activities of the Local Limited  Partnerships in accordance with the partnership
agreements,  these investments are accounted for using the equity method.  Thus,
the  investments  (and the advances  made to the Local Limited  Partnerships  as
discussed below) are carried at cost plus the  Partnership's  share of the Local
Limited  Partnerships' profits less the Partnership's share of the Local Limited
Partnerships'  losses and distributions.  However,  since the Partnership is not
legally liable for the obligations of the Local Limited Partnerships,  or is not
otherwise committed to provide additional support to them, it does not recognize
losses once its investment in each of the individual Local Limited Partnerships,
increased  for its share of  profits,  reduced  for its share of losses and cash
distributions,  reaches  zero. As of June 30, 2002,  investments  in four of the
Local Limited  Partnerships  had been reduced to zero. The  Partnership  did not
recognize  approximately  $174,000  of its  allocated  share of losses from four
Local  Limited  Partnerships  for the six  months  ended June 30,  2002,  as the
Partnership's  net carrying basis in these Local Limited  Partnerships  had been
reduced to zero. The Partnership did not recognize approximately $265,000 of its
allocated share of losses from five Local Limited Partnerships and approximately
$1,995,000 of its allocated share of profits from two Local Limited Partnerships
for the six months ended June 30, 2001, as the  Partnership's net carrying basis
in these Local  Limited  Partnerships  had been reduced to zero.  As of June 30,
2002,  the  Partnership  has  not  recognized  approximately  $8,804,000  of its
allocated  share of  cumulative  losses from the Local Limited  Partnerships  in
which its investment is zero.

Northgate Village,  San Jose, Gates Mills I and Hurbell IV Limited  Partnerships
all have notes which were executed by the respective Local Limited  Partnerships
with the seller as part of the  acquisition of the property by the Local Limited
Partnership.  The notes were nonrecourse notes secured by a security interest in
all partnership  interests in the Local Limited Partnership and are subordinated
to the  respective  mortgage  notes on each property for as long as the mortgage
notes are insured by HUD.

Any payments due from project  income are payable from surplus  cash, as defined
by the HUD Regulatory Agreement. Neither the Limited Partnership nor any partner
thereof, present or future, assume any personal liability for the payment of the
notes. The notes were due July 26, 1999,  August 29, 1999,  October 1, 1999, and
November 9, 1999,  respectively.  Interest continues to be paid or accrued under
the original terms of the respective agreements. Each note is in default and the
Local Limited Partnership  interests are subject to potential  foreclosure.  The
noteholders  have not  exercised  their  rights under the notes,  including  the
foreclosure  on NHP's  and the  Partnership's  interests  in the  Local  Limited
Partnerships. There can be no assurance as to when, or if, such holders may seek
to  exercise  such  rights.  Continuation  of the  Local  Limited  Partnerships'
operations  in the  present  form is  dependent  on its  ability  to extend  the
maturity date of their  respective  notes,  or to repay or refinance their note.
The financial  statements do not include any adjustments which might result from
the outcome of this uncertainty.

Advances made by the  Partnership to the individual  Local Limited  Partnerships
are  considered   part  of  the   Partnership's   investment  in  Local  Limited
Partnerships.  When advances are made,  they are charged to operations as a loss
on investment in the Local Limited  Partnership  using  previously  unrecognized
cumulative  losses. As discussed above, due to the cumulative losses incurred by
four of the remaining  Local  Limited  Partnerships,  the  aggregate  balance of
investments in and advances to Local Limited Partnerships,  for these four Local
Limited  Partnerships,  has been reduced to zero at June 30, 2002. To the extent
these advances are repaid by the Local Limited  Partnerships in the future,  the
repayments  will be  credited  as  distributions  and  repayments  in  excess of
investment  in Local  Limited  Partnerships.  These  advances are payable to the
Partnership. Interest is calculated at the prime rate plus 2% (6.75% at June 30,
2002).  Payment of principal and interest is  contingent  upon the Local Limited
Partnerships having available surplus cash, as defined by HUD regulations,  from
operations  or  from  refinancing  or  sale  of the  Local  Limited  Partnership
properties.

During the six months  ended June 30,  2002 and 2001,  the  Partnership  made no
advances  for working  capital  purposes.  During the six months  ended June 30,
2002, the Partnership received approximately $6,000 as a repayment of an advance
plus  accrued   interest  of   approximately   $3,000  from  one  Local  Limited
Partnership.  During the six months  ended June 30,  2001,  accrued  interest of
approximately  $15,000 was received from one Local Limited Partnership.  At June
30, 2002, the amount owed to the  Partnership  for working  capital  advances to
Local Limited Partnerships amounted to approximately $78,000.

The following are combined statements of operations for the three and six months
ended June 30, 2002 and 2001, respectively, of the Local Limited Partnerships in
which the Partnership  has invested.  The statements are compiled from financial
statements of the Local Limited  Partnerships,  prepared on the accrual basis of
accounting,  as  supplied  by the  management  agents of the  projects,  and are
unaudited.
<TABLE>
<CAPTION>

                            COMBINED STATEMENTS OF OPERATIONS

                                         Three Months Ended         Six Months Ended
                                              June 30,                  June 30,
                                          2002         2001           2002         2001
                                                        (in thousands)
<S>                                    <C>           <C>          <C>          <C>
Rental income                          $    955      $  1,100     $  1,904     $  2,353
Other income                                167            52          225          222
Gain on sale of rental property              --           211           --          211
Gain on forgiveness of debt                  --         1,984           --        1,984
   Total revenues                         1,122         3,347        2,129        4,770

Operating expenses                          621           723        1,304        1,706
Interest, taxes, and insurance              318           400          635          838
Depreciation                                195           215          389          442
   Total expenses                         1,134         1,338        2,328        2,986
Net (loss) income                     $     (12)     $  2,009     $   (199)    $  1,784
National Housing Partnership
   Realty Fund I share of (losses)
    income                            $     (12)     $  1,989     $   (196)    $  1,766
</TABLE>

(3) TRANSACTIONS WITH THE GENERAL PARTNER

During the six months  ended June 30,  2002 and 2001,  the  Partnership  accrued
administrative  and reporting fees payable to the General  Partner in the amount
of approximately $44,000 and $43,000, respectively, for services provided to the
Partnership.  During the six months ended June 30, 2002,  the  Partnership  made
payments  of   approximately   $150,000  to  the  General  Partner  for  accrued
administrative  and  reporting  fees.  No such payments were made during the six
months  ended  June  30,  2001.  As of  June  30,  2002,  the  Partnership  owed
approximately  $1,069,000 to the General Partner for accrued  administrative and
reporting fees.

During the six  months  ended June 30,  2001,  approximately  $45,000 of working
capital  advances were made by the General Partner to the  Partnership.  No such
amounts were  advanced  during the six months  ended June 30, 2002.  Interest is
charged at the Chase Manhattan Bank prime interest rate plus 2%. Chase Manhattan
Bank prime was 4.75% at June 30, 2002. Interest accrued for the six months ended
June 30, 2002 and 2001 was approximately $1,000 and $7,000, respectively. During
the six months  ended  June 30,  2002,  the  Partnership  repaid the  balance in
advances of approximately $158,000 and accrued interest of approximately $23,000
to the General Partner.

The accrued  administrative  and reporting  fees payable to the General  Partner
will be paid as cash flow permits or from  proceeds  generated  from the sale or
refinancing  of one or more of the  underlying  properties  of the Local Limited
Partnerships.

(4)   GOING CONCERN

Certain of the Local Limited  Partnership's notes payable are past due (see Note
2).  Continuation of the Local Limited  Partnerships'  operations in the present
form is dependent on its ability to extend the maturity date of these notes,  or
to repay or to refinance the notes.  These  conditions raise  substantial  doubt
about their ability to continue as a going concern.  The financial statements do
not  include  any  adjustments  which  might  result  from the  outcome  of this
uncertainty.

(5) LEGAL PROCEEDINGS

The Partnership is unaware of any pending or outstanding  litigation that is not
of a routine nature arising in the ordinary course of business.

(6) ABANDONMENT OF LIMITED PARTNERSHIP UNITS

During the six months  ended June 30,  2002,  the number of Limited  Partnership
Units decreased by 60 units due to limited  partners  abandoning their units. In
abandoning  his  or  her  Limited   Partnership   Unit(s),   a  limited  partner
relinquishes all right, title, and interest in the Partnership as of the date of
abandonments.  However, the limited partner is allocated his or her share of net
income or loss for that year. The income or loss per Limited Partnership Unit in
the  accompanying  statements of operations is calculated based on the number of
units  outstanding at the beginning of the year. There were no such abandonments
during the six months ended June 30, 2001.

<PAGE>

ITEM 2 -  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS OF FINANCIAL  CONDITION  AND
          RESULTS OF OPERATIONS

The  matters  discussed  in this Form  10-QSB  contain  certain  forward-looking
statements  and  involve  risks and  uncertainties  (including  changing  market
conditions,   competitive  and  regulatory   matters,   etc.)  detailed  in  the
disclosures  contained  in this  Form  10-QSB  and the  other  filings  with the
Securities and Exchange Commission made by the Registrant from time to time. The
discussion of the  Registrant's  business and results of  operations,  including
forward-looking  statements  pertaining  to such  matters,  does not  take  into
account the effects of any changes to the  Registrant's  business and results of
operation.  Accordingly,  actual  results  could  differ  materially  from those
projected in the forward-looking  statements as a result of a number of factors,
including those identified herein.

This item should be read in conjunction with the financial  statements and other
items contained elsewhere in this report.

LIQUIDITY AND CAPITAL RESOURCES

The Properties in which the Partnership has invested, through its investments in
the Local Limited Partnerships, receive one or more forms of assistance from the
Federal  Government.  As a result,  the Local Limited  Partnerships'  ability to
transfer funds either to the Partnership or among themselves in the form of cash
distributions,   loans   or   advances   is   generally   restricted   by  these
government-assistance programs. These restrictions, however, are not expected to
impact the Partnership's ability to meet its cash obligations.

The Partnership had cash and cash equivalents of  approximately  $59,000 at June
30, 2002 as compared to  approximately  $7,000 at June 30, 2001. The Partnership
had cash and cash  equivalents of  approximately  $426,000 at December 31, 2001.
The ability of the Partnership to meet its on-going cash requirements, in excess
of cash on hand at June 30, 2002, is dependent on  distributions  from recurring
operations  received from the Local Limited  Partnerships  and proceeds from the
sales or refinancings of the underlying properties. The Partnership's only other
form of  liquidity is from General  Partner  loans.  During the six months ended
June 30, 2001,  approximately  $45,000 of working capital  advances were made by
the General Partner to the Partnership. No such amounts were advanced during the
six months ended June 30, 2002.  During the six months ended June 30, 2002,  the
Partnership  repaid advances of  approximately  $158,000 and accrued interest of
approximately  $23,000 to the General Partner. The General Partner will evaluate
lending the Partnership  additional funds as such funds are needed, but is in no
way legally obligated to make such loans.

At June 30,  2002,  the  Partnership  owed  the  General  Partner  approximately
$1,069,000 for administrative and reporting services  performed.  During the six
months ended June 30, 2002, a payment of $150,000 was made by the Partnership to
the General Partner for administrative and reporting services.  No payments were
made by the Partnership to the General Partner for  administrative and reporting
services  during the six months ended June 30, 2001.  There is no guarantee that
the Local Limited  Partnerships  will generate future surplus cash sufficient to
distribute to the Partnership in amounts  adequate to repay  administrative  and
reporting  fees owed;  rather  the  payment  of the  unpaid  administrative  and
reporting  fees will most  likely  result  from the sale or  refinancing  of the
underlying  properties  of the Local Limited  Partnerships,  rather than through
recurring operations.

During the six months  ended June 30,  2002 and 2001,  the  Partnership  made no
advances to the Local Limited Partnerships for working capital purposes.  During
the six months  ended June 30,  2002,  the  Partnership  received  approximately
$6,000 as a repayment  of an advance  plus  accrued  interest  of  approximately
$3,000 from one Local Limited Partnership.  During the six months ended June 30,
2001,  accrued  interest of  approximately  $15,000 was received  from one Local
Limited  Partnership.  At June 30, 2002, the amount owed to the  Partnership for
working capital advances to Local Limited Partnerships amounted to approximately
$78,000.

Distributions  received in excess of investment  in Local  Limited  Partnerships
represent the Partnership's proportionate share of the excess cash available for
distribution from the Local Limited Partnerships.  As a result of the use of the
equity method of accounting for the  Partnership's  investments,  as of June 30,
2002,  investments in four of the Local Limited  Partnerships has been decreased
to zero. Cash  distributions  received are recorded in revenues as distributions
received  in  excess  of  investment  in  Local  Limited  Partnerships.  No cash
distributions were received from the Local Limited  Partnerships  during the six
months  ended June 30,  2002 and 2001.  The receipt of  distributions  in future
years is dependent on the operations of the  underlying  properties of the Local
Limited Partnerships.

During 2001, the noteholder foreclosed on the Partnership's interest in Griffith
Limited  Partnership.  No gain or loss was recorded as a result of this transfer
of partnership interest. With the loss of the Partnership's interest to the note
holder,  the  Partnership  will not receive any future  benefits from this Local
Limited  Partnership  and taxable income  generated prior to the foreclosure was
allocated to the Partnership's  investors without any distributable cash for the
year.  The  specific  impact  of the tax  consequences  is  dependant  upon each
specific partner's individual tax situation.

During 2001,  Southward Limited  Partnership entered into a sales agreement with
an  unaffiliated  third  party for the sale of  Parker  Square  Apartments.  The
closing occurred on June 29, 2001, with a sale price of $3,300,000. Net proceeds
after payment of closing costs of  approximately  $2,686,000  were used to repay
the mortgage encumbering the property with the holders of the Parker Square note
payable receiving the remaining net proceeds in full satisfaction of amounts due
on their notes. Any unpaid balances were forgiven. The Local Limited Partnership
recognized  a  gain  on  sale  of  approximately  $211,000  and a gain  on  debt
forgiveness  of  approximately  $1,734,000  during the six months ended June 30,
2001.

During 2000,  Southridge  Apartments  Limited  Partnership  entered into a sales
agreement  with  an  unaffiliated   third  party  for  the  sale  of  Southridge
Apartments.  The closing  occurred  on  December  27,  2000.  The Local  Limited
Partnership  recognized an additional gain on debt  forgiveness of approximately
$250,000 during the six months ended June 30, 2001 due to the forgiveness of the
remaining  amounts  owed on loans  payable to the  general  partner of the Local
Limited  Partnership  which were not able to be repaid upon  dissolution  of the
Local Limited Partnership in 2001.

Northgate Village,  San Jose, Gates Mills I and Hurbell IV Limited  Partnerships
all have notes which were executed by the respective Local Limited  Partnerships
with the seller as part of the  acquisition of the property by the Local Limited
Partnership.  The notes were nonrecourse notes secured by a security interest in
all partnership  interests in the Local Limited Partnership and are subordinated
to the  respective  mortgage  notes on each property for as long as the mortgage
notes are insured by HUD. Any payments due from project  income are payable from
surplus cash, as defined by the HUD  Regulatory  Agreement.  Neither the Limited
Partnership  nor any partner  thereof,  present or future,  assume any  personal
liability for the payment of the notes. The notes were due July 26, 1999, August
29,  1999,  October 1,  1999,  and  November  9,  1999,  respectively.  Interest
continues  to be paid or  accrued  under the  original  terms of the  respective
agreements.  Each note is in default and the Local Limited Partnership interests
are subject to potential  foreclosure.  The noteholders have not exercised their
rights under the notes, including the foreclosure on NHP's and the Partnership's
interests  in the Local  Limited  Partnerships.  There can be no assurance as to
when, or if, such holders may seek to exercise such rights.  Continuation of the
Local Limited  Partnerships'  operations in the present form is dependent on its
ability to extend the maturity date of their  respective  notes,  or to repay or
refinance  their note. The financial  statements do not include any  adjustments
which might result from the outcome of this uncertainty.

RESULTS OF OPERATIONS

The  Partnership  retains an interest in six Local Limited  Partnerships,  which
operate six rental  housing  properties.  Due to the use of the equity method of
accounting as discussed in "Note 2" to the Partnership's  financial  statements,
to the extent the Partnership  still has a carrying basis in a respective  Local
Limited   Partnership,   results  of   operations   would  be  impacted  by  the
Partnership's share of the profits or losses of the Local Limited  Partnerships.
Four of the six remaining  investments  in Local Limited  Partnership  have been
reduced to zero. As a result,  the Partnership's  operations are no longer being
affected by their share of the  operations.  The  Partnership  has  recorded its
share of  operations  in the  remaining  two Local  Limited  Partnerships  which
amounted to losses of  approximately  $22,000 for the six months  ended June 30,
2002.  The  Partnership's  share of operations for the six months ended June 30,
2001 amounted to profits of approximately $37,000.

The Partnership realized net losses of approximately $23,000 and $91,000 for the
three and six months ended June 30, 2002,  respectively,  compared to net income
of approximately  $49,000 and a net loss of approximately  $26,000 for the three
and six months ended June 30, 2001, respectively.  Net (loss) income per unit of
limited  partnership  interest  was  ($2.00)  and  ($7.75) for the three and six
months ended June 30, 2002,  respectively,  and approximately  $4.08 and ($2.26)
for the three and six months ended June 30, 2001, respectively.  The increase in
net loss for both the three and six months ended June 30, 2002 is primarily  due
to a  decrease  in the  Partnership's  share of profits  from the Local  Limited
Partnerships  and a decrease  in accrued  interest  received  on advances to the
Local Limited  Partnerships,  partially offset by a decrease in interest expense
on General  Partner  loans.  The  Partnership  did not  recognize  approximately
$174,000 of its allocated  share of losses from four Local Limited  Partnerships
for the six months ended June 30, 2002, as the  Partnership's net carrying basis
in these Local Limited  Partnerships  had been reduced to zero. The  Partnership
did not recognize  approximately  $265,000 of its allocated share of losses from
five Local Limited  Partnerships and  approximately  $1,995,000 of its allocated
share of profits from two Local  Limited  Partnerships  for the six months ended
June 30, 2001, as the  Partnership's  net carrying  basis in these Local Limited
Partnerships had been reduced to zero.



<PAGE>



ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K


            a)    Exhibits

                  99    Certification  of Chief  Executive  Officer  and Chief
                        Financial Officer

            b)    Reports on Form 8-K:

                  None filed during the quarter ended June 30, 2002.


<PAGE>

                                   SIGNATURES



In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.



                                    NATIONAL HOUSING PARTNERSHIP REALTY FUND I
                                    (Registrant)


                                    By:   The National Housing Partnership,
                                          Its sole General Partner


                                    By:   National Corporation for Housing
                                          Partnerships,   its   sole   General
                                          Partner


                                    By:   /s/Patrick J. Foye
                                          Patrick J. Foye
                                          President


                                    By:   /s/Thomas C. Novosel
                                          Thomas C. Novosel
                                          Senior Vice President and
                                          Chief Accounting Officer


                                    Date: August 14, 2002


<PAGE>


Exhibit 99


                          Certification of CEO and CFO
                     Pursuant to 18 U.S.C. Section 1350,
                            As Adopted Pursuant to
                Section 906 of the Sarbanes-Oxley Act of 2002



In  connection  with the  Quarterly  Report on Form 10-QSB of  National  Housing
Realty Fund I (the "Partnership"),  for the quarterly period ended June 30, 2002
as filed with the  Securities  and Exchange  Commission  on the date hereof (the
"Report"),  Patrick J. Foye, as the equivalent of the Chief Executive Officer of
the Partnership, and Paul J. McAuliffe, as the equivalent of the Chief Financial
Officer of the Partnership, each hereby certifies, pursuant to 18 U.S.C. Section
1350,  as adopted  pursuant  to Section 906 of the  Sarbanes-Oxley  Act of 2002,
that, to the best of his knowledge:

      (1)   The Report fully complies with the  requirements of Section 13(a) or
            15(d) of the Securities Exchange Act of 1934; and

      (2)   The  information  contained in the Report  fairly  presents,  in all
            material respects, the financial condition and results of operations
            of the Partnership.


                                           /s/Patrick J. Foye
                                    Name:  Patrick J. Foye
                                    Date:  August 14, 2002


                                           /s/Paul J. McAuliffe
                                    Name:  Paul J. McAuliffe
                                    Date:  August 14, 2002


This  certification  accompanies  the  Report  pursuant  to  Section  906 of the
Sarbanes-Oxley  Act of 2002 and shall not,  except to the extent required by the
Sarbanes-Oxley  Act of 2002, be deemed filed by the  Partnership for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended.