FORM 10-QSB-- QUARTERLY OR TRANSITIONAL REPORT UNDER SECTION 13 OR 15(d) OF
                        THE SECURITIES EXCHANGE ACT OF 1934
                        Quarterly or Transitional Report



                      U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB

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

                   For the quarterly period ended March 31, 2002


[ ] TRANSITION REPORT PURSUANT TO 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)


Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. Yes X No____


                         PART I - FINANCIAL INFORMATION


ITEM 1.     FINANCIAL STATEMENTS

a)

                     NATIONAL HOUSING  PARTNERSHIP  REALTY  FUND I
                         Statement of Financial Position
                        (in thousands, except unit data)
                                   (Unaudited)

                                 March 31, 2002


ASSETS
   Cash and cash equivalents                                    $   63
   Investments in and advances to Local Limited
      Partnerships (Note 2)                                      1,820
                                                                $1,883

LIABILITIES AND PARTNERS' (DEFICIT) EQUITY

Liabilities
   Administrative and reporting fee payable to
      General Partner (Note 3)                                  $1,047
   Other accrued expenses                                           13
                                                                 1,060

Partners' (deficit) equity
   General Partner -- The National Housing
      Partnership (NHP)                                            (87)
   Original Limited Partner -- 1133 Fifteenth
      Street Associates                                            (92)
   Other Limited Partners -- 11,489 investment
      units                                                      1,002
                                                                   823
                                                                $1,883

                   See Accompanying Notes to Financial Statements



<PAGE>


b)


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





                                                         Three Months Ended
                                                              March 31,
                                                          2002        2001
REVENUES:
  Interest received on advances to Local Limited
    Partnership                                         $     3     $   --
COSTS AND EXPENSES:
  Share of losses from Local Limited
   Partnerships (Note 2)                                      34         32
  Administrative and reporting fees
   to General Partner (Note 3)                                22         22
  Interest expense on General Partner loans (Note 3)           1          3
  Other operating expenses                                    14         18
      Total expenses                                          71         75

Net loss                                                 $   (68)    $  (75)

Allocation of net loss:
  General Partner - NHP                                  $    (1)    $   (1)
  Original Limited Partner - 1133 Fifteenth Street
   Associates                                                 (1)        (1)
  Other Limited Partners                                     (66)       (73)
                                                         $   (68)    $  (75)

Net loss per Other Limited Partnership interest          $ (5.74)    $(6.34)


                   See Accompanying Notes to Financial Statements


<PAGE>


c)

                     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 three months
   ended March 31, 2002                  (1)          (1)           (66)        (68)

(Deficit) equity at
   March 31, 2002                   $   (87)      $  (92)        $1,002      $  823

Percentage interest at
   March 31, 2002                        1%           1%            98%        100%
                                         (A)          (B)            (C)


(A)   General Partner
(B)   Original Limited Partner
(C)   Consists of 11,489 investment units


                   See Accompanying Notes to Financial Statements
</TABLE>


<PAGE>


d)

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

<TABLE>
<CAPTION>

                                                                   Three Months Ended
                                                                        March 31,
                                                                    2002         2001
CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                                <C>        <C>
  Administrative and reporting fees paid to General Partner        $(150)     $   --
  Interest paid on General Partner loans                             (23)         --
  Interest received on advances to Local Limited
   Partnerships                                                        3          --
  Operating expenses paid                                            (41)        (18)
  Net cash used in operating activities                             (211)        (18)

CASH FLOWS FROM INVESTING ACTIVITIES:
  Repayment of advances to Local Limited Partnerships                  6          --
CASH FLOWS FROM FINANCING ACTIVITIES:
  Advances from General Partner                                       --          30
  Repayment of advances from General Partner                        (158)         --

  Net cash (used in) provided by financing activities               (158)         30

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                (363)         12

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                       426           9

CASH AND CASH EQUIVALENTS, END OF PERIOD                           $  63       $  21

RECONCILIATION OF NET LOSS TO NET CASH USED IN OPERATING
   ACTIVITIES:
     Net loss                                                      $ (68)      $ (75)
     Adjustments to reconcile net loss to net cash used in
      operating activities:
     Share of losses from Local Limited Partnerships                  34          32
     (Decrease) increase in administrative and
      reporting fees payable                                        (128)         22
     (Decrease) increase in accrued interest on
      partner loans                                                  (22)          3
     Decrease in other accrued expenses                              (27)         --
        Total adjustments                                           (143)         57

Net cash used in operating activities                              $(211)      $ (18)


                   See Accompanying Notes to Financial Statements
</TABLE>


<PAGE>

e)

                     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.

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 March 31, 2002,  investments  in four of the
Local Limited  Partnerships  had been reduced to zero. The  Partnership  did not
recognize  approximately  $150,000  of its  allocated  share of losses from four
Local  Limited  Partnerships  for the three months ended March 31, 2002,  as the
Partnership's  net carrying basis in these Local Limited  Partnerships  had been
reduced to zero. The Partnership did not recognize approximately $197,000 of its
allocated share of losses from six Local Limited  Partnerships and approximately
$7,000 of its allocated share of profits from one Local Limited  Partnership for
the three months ended March 31, 2001, as the  Partnership's  net carrying basis
in these Local  Limited  Partnerships  had been reduced to zero. As of March 31,
2002,  the  Partnership  has  not  recognized  approximately  $8,780,000  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 March 31, 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 March
31,  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 three months ended March 31, 2002 and 2001, the  Partnership  made no
advances for working capital  purposes.  During the three months ended March 31,
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.  No such payments were received during the three months ended March
31, 2001.  At March 31,  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 months ended
March 31, 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.

                                          COMBINED STATEMENTS OF OPERATIONS

                                                  Three Months Ended
                                                       March 31,
                                                  2002          2001
                                                    (in thousands)
Rental income                                    $  949        $1,253
Other income                                         58           170
   Total income                                   1,007         1,423
Operating expenses                                  683           983
Interest, taxes, and insurance                      317           438
Depreciation                                        194           227
   Total expense                                  1,194         1,648
Net loss                                         $ (187)       $ (225)
National Housing Partnership
   Realty Fund I share of losses                 $ (184)       $ (223)

(3) TRANSACTIONS WITH THE GENERAL PARTNER

During both the three  months  ended March 31,  2002 and 2001,  the  Partnership
accrued  administrative and reporting fees payable to the General Partner in the
amount of approximately $22,000 for services provided to the Partnership. During
the three  months  ended  March 31,  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 three months ended March
31, 2001. As of March 31, 2002, the Partnership owed approximately $1,047,000 to
the General Partner for accrued administrative and reporting fees.

During the three months ended March 31, 2001,  approximately  $30,000 of working
capital  advances were made by the General Partner to the  Partnership.  No such
amounts were advanced during the three months ended March 31, 2002.  Interest is
charged at the Chase Manhattan Bank prime interest rate plus 2%. Chase Manhattan
Bank prime was 4.75% at March 31,  2002.  Interest  accrued for the three months
ended March 31, 2002 and 2001 was approximately $1,000 and $3,000, respectively.
During the three months ended March 31, 2002, the Partnership repaid 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.


<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  $63,000 at March
31, 2002 as compared to approximately $21,000 at March 31, 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 March 31, 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 three months ended
March 31, 2001,  approximately  $30,000 of working capital advances were made by
the General Partner to the Partnership. No such amounts were advanced during the
three months ended March 31, 2002. During the three months ended March 31, 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 March 31,  2002,  the  Partnership  owed the  General  Partner  approximately
$1,047,000 for administrative and reporting services performed. During the three
months ended March 31,  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 three months  ended March 31, 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 three months ended March 31, 2002 and 2001, the  Partnership  made no
advances for working capital  purposes.  During the three months ended March 31,
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.  No such payments were received during the three months ended March
31, 2001.  At March 31,  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 March 31,
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 three
months  ended March 31, 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 were
allocated to the Partnership's  investors without any distributable cash for the
current 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.  The net  proceeds  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 note. Any unpaid balances were forgiven.

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 $34,000 for the three months ended March 31,
2002. The Partnership's share of operations for the three months ended March 31,
2001 amounted to losses of approximately $32,000.

The Partnership realized net losses of approximately $68,000 and $75,000 for the
three months ended March 31, 2002 and 2001,  respectively.  Net loss per unit of
limited  partnership  interest was $5.74 and $6.34 for the units  outstanding at
March 31, 2002 and 2001, respectively. The decrease in net loss is primarily due
to reduced  operating  expenses  and interest  received  during the three months
ended March 31, 2002 on advances to Local Limited Partnerships.  The Partnership
did not recognize  approximately  $150,000 of its allocated share of losses from
four Local  Limited  Partnerships  for the three months ended March 31, 2002, as
the  Partnership's  net carrying basis in these Local Limited  Partnerships  had
been reduced to zero. The Partnership did not recognize  approximately  $197,000
of its  allocated  share of  losses  from six  Local  Limited  Partnerships  and
approximately  $7,000 of its  allocated  share of profits from one Local Limited
Partnership for the three months ended March 31, 2001, as the  Partnership's net
carrying basis in these Local Limited Partnerships had been reduced to zero.


<PAGE>


                           PART II - OTHER INFORMATION

ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K


            a)    Exhibits

                  None.

            b)    Reports on Form 8-K:

                  None filed during the quarter ended March 31, 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/Martha L. Long
                                          Martha L. Long
                                          Senior Vice President and
                                          Controller



                                    Date: May 7, 2002