**EXHIBIT 99.A**

 

Boston Capital Tax Credit Fund II Limited Partnership – Series 7

Schedule III – Real Estate and Accumulated Depreciation

March 31, 2002

 
| **Description**          | ** ** | **Encum-  brances**              | ** ** | **Initial  cost to company** |   | **Cost  capitalized  subsequent to  acquisition** |   | **Gross  amount at  which carried at  close of period** | ** ** | **Accumulated  depreciation** | ** ** | **Date of  construction** | ** ** | **Date   acquired** | ** ** | **Life on  which  depreciation  computed** | ** ** |
|--------------------------|------------|----------------------------------|------------|------------------------------|--------|---------------------------------------------------|--------|---------------------------------------------------------|------------|-------------------------------|------------|---------------------------|------------|---------------------|------------|--------------------------------------------|------------|
| **Land**                 |       | **Buildings  and  improvements** |       | **Improvements**             |   | **Land**                                          |   | **Buildings  and  Improvements**                        |       | **Total**                     |
|                     |       |                             |       |                         |   |                                              |   |                                                    |       |                          |       |                      |       |                |       |                                       |       |   |   |   |   |   |   |
| BOWDITCH  SCHOOL         |       | 1,594,613                        |       | 65,961                       |   | 4,818,466                                         |   | 95,763                                                  |       | 65,961                        |       | 4,914,229                 |       | 4,980,190           |       | 1,837,385                                  |       | Dec-89 |   | Dec-89 |   | 34 |   |
|                     |       |                             |       |                         |   |                                              |   |                                                    |       |                          |       |                      |       |                |       |                                       |       |   |   |   |   |   |   |
| BRIARWOOD  APTS LP       |       | 617,506                          |       | 44,500                       |   | 747,246                                           |   | 34,377                                                  |       | 44,500                        |       | 781,623                   |       | 826,123             |       | 376,764                                    |       | Dec-89 |   | Dec-89 |   | 5-27.5 |   |
|                     |       |                             |       |                         |   |                                              |   |                                                    |       |                          |       |                      |       |                |       |                                       |       |   |   |   |   |   |   |
| BUCKNER  PROP LP         |       | 613,627                          |       | 27,500                       |   | 771,030                                           |   | 28,914                                                  |       | 27,500                        |       | 799,944                   |       | 827,444             |       | 398,741                                    |       | Mar-89 |   | Dec-89 |   | 5-27.5 |   |
|                     |       |                             |       |                         |   |                                              |   |                                                    |       |                          |       |                      |       |                |       |                                       |       |   |   |   |   |   |   |
| CREEKSIDE                |       | 1,079,680                        |       | 89,016                       |   | 1,290,616                                         |   | 96,943                                                  |       | 89,016                        |       | 1,387,559                 |       | 1,476,575           |       | 294,856                                    |       | Sep-89 |   | Jun-89 |   | 5-27.5 |   |
|                     |       |                             |       |                         |   |                                              |   |                                                    |       |                          |       |                      |       |                |       |                                       |       |   |   |   |   |   |   |
| DEER  HILL II LP         |       | 1,465,255                        |       | 103,000                      |   | 1,424,556                                         |   | 338,656                                                 |       | 103,000                       |       | 1,763,212                 |       | 1,866,212           |       | 827,845                                    |       | May-89 |   | Feb-90 |   | 5-27.5 |   |
|                     |       |                             |       |                         |   |                                              |   |                                                    |       |                          |       |                      |       |                |       |                                       |       |   |   |   |   |   |   |
| HILLANDALE               |       | 4,677,372                        |       | 601,653                      |   | 4,198,973                                         |   | 2,898,458                                               |       | 601,653                       |       | 7,097,431                 |       | 7,699,084           |       | 2,794,110                                  |       | Jan-90 |   | Dec-89 |   | 5-27.5 |   |
|                     |       |                             |       |                         |   |                                              |   |                                                    |       |                          |       |                      |       |                |       |                                       |       |   |   |   |   |   |   |
| KING  CITY ELDERLY       |       | 1,658,088                        |       | 175,000                      |   | 2,549,870                                         |   | 65,392                                                  |       | 175,000                       |       | 2,615,262                 |       | 2,790,262           |       | 1,116,463                                  |       | Nov-89 |   | Jun-90 |   | 27.5 |   |
|                     |       |                             |       |                         |   |                                              |   |                                                    |       |                          |       |                      |       |                |       |                                       |       |   |   |   |   |   |   |
| LEBANON  PROP II LP      |       | 568,199                          |       | 3,000                        |   | 730,187                                           |   | 12,188                                                  |       | 3,000                         |       | 742,375                   |       | 745,375             |       | 358,164                                    |       | Jul-89 |   | Dec-89 |   | 5-27.5 |   |
|                     |       |                             |       |                         |   |                                              |   |                                                    |       |                          |       |                      |       |                |       |                                       |       |   |   |   |   |   |   |
| METROPOLE  APTS ASSOC    |       | 2,063,302                        |       | 82,800                       |   | 2,621,625                                         |   | 89,825                                                  |       | 82,800                        |       | 2,711,450                 |       | 2,794,250           |       | 1,162,279                                  |       | Dec-89 |   | Dec-89 |   | 27.5 |   |
|                     |       |                             |       |                         |   |                                              |   |                                                    |       |                          |       |                      |       |                |       |                                       |       |   |   |   |   |   |   |
| OAK  GROVE  EST. LP |       | 479,763                          |       | 15,200                       |   | 597,465                                           |   | 18,594                                                  |       | 15,200                        |       | 616,059                   |       | 631,259             |       | 297,989                                    |       | Sep-89 |   | Dec-89 |   | 27.5 |   |
|                     |       |                             |       |                         |   |                                              |   |                                                    |       |                          |       |                      |       |                |       |                                       |       |   |   |   |   |   |   |
| OAKVIEW  LTD             |       | 1,115,902                        |       | 35,280                       |   | 1,375,820                                         |   | 96,788                                                  |       | 35,280                        |       | 1,472,608                 |       | 1,507,888           |       | 531,778                                    |       | Oct-89 |   | Dec-89 |   | 40 |   |
|                     |       |                             |       |                         |   |                                              |   |                                                    |       |                          |       |                      |       |                |       |                                       |       |   |   |   |   |   |   |
| ROSENBERG  HOTEL         |       | 1,762,198                        |       | 452,000                      |   | 7,434,335                                         |   | (5,207,904                                              | )          | 415,000                       |       | 2,226,431                 |       | 2,641,431           |       | 322,975                                    |       | Jan-92 |   | Feb-90 |   | 27.5 |   |
|                     |       |                             |       |                         |   |                                              |   |                                                    |       |                          |       |                      |       |                |       |                                       |       |   |   |   |   |   |   |
| WESTWOOD                 |       | 1,398,393                        |       | 96,600                       |   | 1,355,174                                         |   | 401,220                                                 |       | 96,660                        |       | 1,756,394                 |       | 1,853,054           |       | 774,815                                    |       | Jul-90 |   | Jul-90 |   | 5-27.5 |   |
|                     |       |                             |       |                         |   |                                              |   |                                                    |       |                          |       |                      |       |                |       |                                       |       |   |   |   |   |   |   |
| WINFIELD  PROP II LP     |       | 604,295                          |       | 37,000                       |   | 735,086                                           |   | 17,921                                                  |       | 37,000                        |       | 753,007                   |       | 790,007             |       | 371,656                                    |       | May-89 |   | Dec-89 |   | 5-27.5 |   |
|                     |       |                             |       |                         |   |                                              |   |                                                    |       |                          |       |                      |       |                |       |                                       |       |   |   |   |   |   |   |
|                     |       | 19,698,193                       |       | 1,828,510                    |   | 30,650,449                                        |   | (1,012,865                                              | )          | 1,791,570                     |       | 29,637,584                |       | 31,429,154          |       | 11,465,820                                 |       |   |   |   |   |   |   |

 

Since the Operating Partnershipsmaintain a calendar year end the information reported on this schedule is as ofDecember 31, 2001.

 

**There were no carrying costs asof December 31, 2001.  The column hasbeen omitted for presentation purposes.

 

F-65

----

 

Notes to Schedule III

 

Boston Capital Tax Credit Fund II Limited Partnership – Series 7

 

Reconciliationof Land, Building & Improvements current year changes

 
| Balance at  beginning of period –  4/1/92 |   |      |   | $      | 41,816,362 |   |
|------------------------------------------------|--------|-----------|--------|--------|------------|--------|
| Additions  during period:                      |   |      |   |   |       |
| Acquisitions  through foreclosure              |   | $         | 0      |   |       |   |
| Other  acquisitions                            |   | 0         |   |   |       |
| Improvements,  etc                             |   | 1,735,711 |   |   |       |
| Other                                          |   | 0         |   |   |       |
|                                           |   |      |   | $      | 1,735,711  |   |
|                                           |   |      |   |   |       |
| Deductions  during period:                     |   |      |   |   |       |
| Cost of real  estate sold                      |   | $         | 0      |   |       |   |
| Other*                                         |   | 0         |   |   |       |
|                                           |   |      |   | $      | 0          |   |
| Balance at  close of period – 3/31/93     |   |      |   | $      | 43,552,073 |   |
| Additions  during period:                      |   |      |   |   |       |
| Acquisitions  through foreclosure              |   | $         | 0      |   |       |   |
| Other  acquisitions                            |   | 0         |   |   |       |
| Improvements,  etc                             |   | 147,543   |   |   |       |
| Other                                          |   | 0         |   |   |       |
|                                           |   |      |   | $      | 147,543    |   |
|                                           |   |      |   |   |       |
| Deductions  during period:                     |   |      |   |   |       |
| Cost of real  estate sold                      |   | $         | 0      |   |       |   |
| Other*                                         |   | 0         |   |   |       |
|                                           |   |      |   | $      | 0          |   |
| Balance at  close of period – 3/31/94     |   |      |   | $      | 43,699,616 |   |
| Additions  during period:                      |   |      |   |   |       |
| Acquisitions  through foreclosure              |   | $         | 0      |   |       |   |
| Other  acquisitions                            |   | 0         |   |   |       |
| Improvements,  etc                             |   | 58,462    |   |   |       |
| Other                                          |   | 0         |   |   |       |
|                                           |   |      |   | $      | 58,462     |   |
|                                           |   |      |   |   |       |
| Deductions  during period:                     |   |      |   |   |       |
| Cost of real  estate sold                      |   | $         | 0      |   |       |   |
| Other                                          |   | (261,992  | )      |   |       |
|                                           |   |      |   | $      | (261,992   | )      |
| Balance at  close of period – 3/31/95     |   |      |   | $      | 43,496,086 |   |

 

F-66

----

 
| Balance at  close of period – 3/31/95 |   |        |   | $      | 43,496,086  |   |
|--------------------------------------------|--------|-------------|--------|--------|-------------|--------|
| Additions  during period:                  |   |        |   |   |        |
| Acquisitions  through foreclosure          |   | $           | 0      |   |        |   |
| Other  acquisitions                        |   | 0           |   |   |        |
| Improvements,  etc                         |   | 26,794      |   |   |        |
| Other                                      |   | 0           |   |   |        |
|                                       |   |        |   | $      | 26,794      |   |
| Deductions  during period:                 |   |        |   |   |        |
| Cost of real  estate sold                  |   | $           | 0      |   |        |   |
| Other                                      |   | 0           |   |   |        |
|                                       |   |        |   | $      | 0           |   |
| Balance at  close of period – 3/31/96 |   |        |   | $      | 43,522,880  |   |
| Additions  during period:                  |   |        |   |   |        |
| Acquisitions  through foreclosure          |   | $           | 0      |   |        |   |
| Other  acquisitions                        |   | 0           |   |   |        |
| Improvements,  etc                         |   | 0           |   |   |        |
| Other                                      |   | 0           |   |   |        |
|                                       |   |        |   | $      | 0           |   |
| Deductions  during period:                 |   |        |   |   |        |
| Cost of real  estate sold                  |   | $           | 0      |   |        |   |
| Other                                      |   | (12,480,477 | )      |   |        |
|                                       |   |        |   | $      | (12,480,477 | )      |
| Balance at  close of period – 3/31/97 |   |        |   | $      | 31,042,403  |   |
| Additions  during period:                  |   |        |   |   |        |
| Acquisitions  through foreclosure          |   | $           | 0      |   |        |   |
| Other  acquisitions                        |   | 0           |   |   |        |
| Improvements,  etc                         |   | 44,376      |   |   |        |
| Other                                      |   | 0           |   |   |        |
|                                       |   |        |   | $      | 44,376      |   |
| Deductions  during period:                 |   |        |   |   |        |
| Cost of real  estate sold                  |   | $           | 0      |   |        |   |
| Other                                      |   | 0           |   |   |        |
|                                       |   |        |   | $      | 0           |   |
| Balance at  close of period – 3/31/98 |   |        |   | $      | 31,086,779  |   |

 

F-67

----

 
| Balance at close of period – 3/31/98  |   |       |   | $      | 31,086,779 |   |
|--------------------------------------------|--------|------------|--------|--------|------------|--------|
| Additions  during period:                  |   |       |   |   |       |
| Acquisitions  through foreclosure          |   | $          | 0      |   |       |   |
| Other  acquisitions                        |   | 0          |   |   |       |
| Improvements,  etc                         |   | 56,791     |   |   |       |
| Other                                      |   | 0          |   |   |       |
|                                       |   |       |   |   |       |
|                                       |   |       |   | $      | 56,791     |   |
| Deductions  during period:                 |   |       |   |   |       |
| Cost of real  estate sold                  |   | $          | 0      |   |       |   |
| Other                                      |   | (1,070,393 | )      |   |       |
|                                       |   |       |   | $      | (1,070,393 | )      |
| Balance at  close of period – 3/31/99 |   |       |   | $      | 30,073,177 |   |
|                                       |   |       |   |   |       |
| Additions  during period:                  |   |       |   |   |       |
| Acquisitions  through foreclosure          |   | $          | 0      |   |       |   |
| Other  acquisitions                        |   | 0          |   |   |       |
| Improvements,  etc                         |   | 56,415     |   |   |       |
| Other                                      |   | 0          |   |   |       |
|                                       |   |       |   | $      | 56,415     |   |
| Deductions  during period:                 |   |       |   |   |       |
| Cost of real  estate sold                  |   | $          | 0      |   |       |   |
| Other **                                   |   | 0          |   |   |       |
|                                       |   |       |   | $      | 0          |   |
| Balance at  close of period – 3/31/00 |   |       |   | $      | 30,129,592 |   |
|                                       |   |       |   |   |       |
| Additions  during period:                  |   |       |   |   |       |
| Acquisitions  through foreclosure          |   | $          | 0      |   |       |   |
| Other  acquisitions                        |   | 0          |   |   |       |
| Improvements,  etc                         |   | 976,119    |   |   |       |
| Other                                      |   | 0          |   |   |       |
|                                       |   |       |   | $      | 976,119    |   |
| Deductions  during period:                 |   |       |   |   |       |
| Cost of real  estate sold                  |   | $          | 0      |   |       |   |
| Other **                                   |   | 0          |   |   |       |
|                                       |   |       |   | $      | 0          |   |
| Balance at  close of period – 3/31/01 |   |       |   | $      | 31,105,711 |   |

 

F-68

----

 
| Balance at close of period – 3/31/01  |   |    |   | $      | 31,105,711 |   |
|--------------------------------------------|--------|---------|--------|--------|------------|--------|
| Additions during  period:                  |   |    |   |   |       |
| Acquisitions  through foreclosure          |   | $       | 0      |   |       |   |
| Other  acquisitions                        |   | 0       |   |   |       |
| Improvements,  etc                         |   | 323,443 |   |   |       |
| Other                                      |   | 0       |   |   |       |
|                                       |   |    |   | $      | 323,443    |   |
| Deductions  during period:                 |   |    |   |   |       |
| Cost of real  estate sold                  |   | $       | 0      |   |       |   |
| Other **                                   |   | 0       |   |   |       |
|                                       |   |    |   | $      | 0          |   |
| Balance at  close of period – 3/31/02 |   |    |   | $      | 31,429,154 |   |

 

F-69

----

 

Reconcilation of Accumulated Depreciation current year changes

 
| Balance at beginning of period – 4/1/92 |   |   |      | $      | 2,312,199  |   |
|----------------------------------------------|--------|--------|-----------|--------|------------|--------|
|                                         |   |   |      |   |       |
| Current year expense                         |   | $      | 1,360,178 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/93   |   |   |      | $      | 3,672,377  |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 1,436,830 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/94   |   |   |      | $      | 5,109,207  |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 1,391,094 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/95   |   |   |      | $      | 6,500,301  |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 1,384,980 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/96   |   |   |      | $      | 7,885,281  |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | (333,705  | )      |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/97   |   |   |      | $      | 7,551,576  |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 980,513   |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/98   |   |   |      | $      | 8,532,089  |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 100,126   |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/99   |   |   |      | $      | 8,632,215  |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 956,619   |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/00   |   |   |      | $      | 9,588,834  |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 937,982   |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/01   |   |   |      | $      | 10,526,816 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 939,004   |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/02   |   |   |      | $      | 11,465,820 |   |

 

F-70

----

 

Boston Capital Tax Credit Fund II LimitedPartnership – Series 9

Schedule III – Real Estate and Accumulated Depreciation

March 31, 2002

 
| **Description**    |   | **Encum-  brances**             |   | **Initial cost to company** |   | **Cost  capitalized  subsequent to  acquisition** |   | **Gross amout at which carried  at close of period** |   | **Accumulated  depreciation** |   | **Date of   construction** |   | **Date  acquired** |   | **Life on which  depreciation  is computed** |   |
|--------------------|--------|---------------------------------|--------|-----------------------------|--------|---------------------------------------------------|--------|------------------------------------------------------|--------|-------------------------------|--------|---------------------------------|--------|--------------------|--------|----------------------------------------------|--------|
| **Land**           |   | **Buildings and  improvements** |   | **Improvements**            |   | **Land**                                          |   | **Buildings and  improvements**                      |   | **Total**                     |
| 438 WARREN ST.     |   | 721,934                         |   | 45,972                      |   | 1,177,081                                         |   | 45,456                                               |   | 45,972                        |   | 1,222,537                       |   | 1,268,509          |   | 545,647                                      |   | May-90 |   | Mar-90 |   | 28 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| BEAVER BROOK       |   | 1,172,556                       |   | 135,070                     |   | 1,395,155                                         |   | 71,387                                               |   | 135,070                       |   | 1,466,542                       |   | 1,601,612          |   | 677,187                                      |   | May-90 |   | Apr-90 |   | 27.5 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| BIG LAKE SENIORS   |   | 552,504                         |   | 27,804                      |   | 732,961                                           |   | 23,997                                               |   | 27,804                        |   | 756,958                         |   | 784,762            |   | 121,575                                      |   | Jun-95 |   | Apr-94 |   | 5-27.5 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| BLAKELY            |   | 1,019,050                       |   | 50,000                      |   | 1,159,403                                         |   | 112,106                                              |   | 50,000                        |   | 1,271,509                       |   | 1,321,509          |   | 548,332                                      |   | May-90 |   | May-90 |   | 5-27.5 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| BLANCO SR          |   | 513,765                         |   | 40,147                      |   | 679,816                                           |   | 0                                                    |   | 40,147                        |   | 679,816                         |   | 719,963            |   | 136,878                                      |   | Sep-94 |   | Dec-93 |   | 7-40 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| BLOOMINGDALE       |   | 1,465,348                       |   | 100,338                     |   | 1,771,660                                         |   | 10,794                                               |   | 100,338                       |   | 1,782,454                       |   | 1,882,792          |   | 802,915                                      |   | Mar-90 |   | May-90 |   | 5-27.5 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| BREEZEWOOD         |   | 1,416,584                       |   | 114,000                     |   | 1,784,173                                         |   | 29,771                                               |   | 114,000                       |   | 1,813,944                       |   | 1,927,944          |   | 787,432                                      |   | May-90 |   | May-90 |   | 7-27.5 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| BROOKLYN           |   | 1,098,352                       |   | 9,000                       |   | 1,416,895                                         |   | 97,636                                               |   | 9,000                         |   | 1,514,531                       |   | 1,523,531          |   | 525,765                                      |   | May-90 |   | May-90 |   | 5-27.5 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| CALIF. INV. V      |   | 5,314,755                       |   | 401,411                     |   | 10,661,108                                        |   | 193,203                                              |   | 401,411                       |   | 10,854,311                      |   | 11,255,722         |   | 3,617,256                                    |   | Mar-90 |   | Mar-90 |   | 35 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| CAMBRIDGE          |   | 1,122,781                       |   | 99,974                      |   | 1,381,815                                         |   | 2,550                                                |   | 99,974                        |   | 1,384,365                       |   | 1,484,339          |   | 631,376                                      |   | Jan-90 |   | Apr-90 |   | 7-27.5 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| CEDAR RAPIDS       |   | 4,363,886                       |   | 294,600                     |   | 7,692,319                                         |   | 302,572                                              |   | 294,600                       |   | 7,994,891                       |   | 8,289,491          |   | 3,487,898                                    |   | Jun-90 |   | Apr-90 |   | 7-27.5 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| CORINTH            |   | 1,475,406                       |   | 53,351                      |   | 1,865,231                                         |   | 164,149                                              |   | 53,351                        |   | 2,029,380                       |   | 2,082,731          |   | 913,722                                      |   | Feb-90 |   | Apr-90 |   | 5-27.5 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| COTTON MILL ASSOC. |   | 1,460,336                       |   | 75,000                      |   | 1,730,384                                         |   | 17,491                                               |   | 75,000                        |   | 1,747,875                       |   | 1,822,875          |   | 471,834                                      |   | Jul-93 |   | Oct-92 |   | 5-27.5 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| FAWN RIVER         |   | 3,666,592                       |   | 77,000                      |   | 4,396,993                                         |   | 497,959                                              |   | 77,000                        |   | 4,894,952                       |   | 4,971,952          |   | 1,796,319                                    |   | Oct-90 |   | Oct-90 |   | 27.5 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| FOUNTAIN GREEN     |   | 702,406                         |   | 68,134                      |   | 880,440                                           |   | 4,970                                                |   | 68,134                        |   | 885,410                         |   | 953,544            |   | 391,116                                      |   | May-90 |   | Jun-90 |   | 27.5 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| GLENWOOD HOTEL     |   | 700,187                         |   | 25,000                      |   | 1,128,486                                         |   | 21,864                                               |   | 25,000                        |   | 1,150,350                       |   | 1,175,350          |   | 508,243                                      |   | Jun-90 |   | Jun-90 |   | 7-27.5 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| GREENWICH          |   | 1,468,638                       |   | 85,197                      |   | 1,862,476                                         |   | 179,147                                              |   | 85,197                        |   | 2,041,623                       |   | 2,126,820          |   | 877,711                                      |   | Feb-90 |   | Apr-90 |   | 5-27.5 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| GRIFTON            |   | 1,235,640                       |   | 35,393                      |   | 1,170,847                                         |   | 381,446                                              |   | 35,393                        |   | 1,552,293                       |   | 1,587,686          |   | 323,478                                      |   | Feb-94 |   | Sep-93 |   | 7-27.5 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| HACIENDA VILLA     |   | 3,728,188                       |   | 233,165                     |   | 7,304,446                                         |   | 167,769                                              |   | 274,352                       |   | 7,472,215                       |   | 7,746,567          |   | 2,287,947                                    |   | Jan-90 |   | Apr-90 |   | 40 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| HAINES CITY        |   | 1,424,546                       |   | 100,000                     |   | 1,709,218                                         |   | 23,633                                               |   | 100,000                       |   | 1,732,851                       |   | 1,832,851          |   | 802,661                                      |   | Feb-90 |   | Apr-90 |   | 27.5 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| HERNANDO           |   | 1,472,694                       |   | 70,000                      |   | 1,975,766                                         |   | 47,758                                               |   | 70,000                        |   | 2,023,524                       |   | 2,093,524          |   | 863,730                                      |   | Jul-90 |   | Jun-90 |   | 27.5 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| HOBE SOUND         |   | 2,763,846                       |   | 261,000                     |   | 3,482,634                                         |   | 66,903                                               |   | 261,000                       |   | 3,549,537                       |   | 3,810,537          |   | 1,547,214                                    |   | Apr-90 |   | Apr-90 |   | 27.5 |   |
|               |   |                            |   |                        |   |                                              |   |                                                 |   |                          |   |                            |   |               |   |                                         |   |   |   |   |   |   |   |
| IMMOKALEE          |   | 2,174,436                       |   | 160,000                     |   | 2,732,134                                         |   | 14,220                                               |   | 160,000                       |   | 2,746,354                       |   | 2,906,354          |   | 882,954                                      |   | May-90 |   | May-90 |   | 7-27.5 |   |

 

F-71

----

 
| **Description**       |   | **Encumbr-  ances**             |   | **Initial cost to company** |   | **Cost capitalized  subsequent to  acquisition** |   | **Gross amount at which carried  at close of period** |   | **Accumulated  depreciation** |   | **Date of  construction** |   | **Date  acquired** |   | **Life on which  depreciation  is computed** |   |
|-----------------------|--------|---------------------------------|--------|-----------------------------|--------|--------------------------------------------------|--------|-------------------------------------------------------|--------|-------------------------------|--------|---------------------------|--------|--------------------|--------|----------------------------------------------|--------|
| **Land**              |   | **Buildings and  improvements** |   | **Improvements**            |   | **Land**                                         |   | **Buildings and  improvements**                       |   | **Total**                     |
| KRISTIN PARK          |   | 1,378,316                       |   | 117,179                     |   | 1,694,459                                        |   | 45,589                                                |   | 117,179                       |   | 1,740,048                 |   | 1,857,227          |   | 571,274                                      |   | Jun-90 |   | Mar-90 |   | 27.5 |   |
|                  |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| LE GRANDE ENTERPRISES |   | 1,719,474                       |   | 13,090                      |   | 2,232,493                                        |   | 0                                                     |   | 67,500                        |   | 2,232,493                 |   | 2,299,993          |   | 396,696                                      |   | Oct-93 |   | Nov-92 |   | 5-50 |   |
|                  |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| LONGMEADOW            |   | 1,467,830                       |   | 95,000                      |   | 1,765,749                                        |   | 11,764                                                |   | 95,000                        |   | 1,777,513                 |   | 1,872,513          |   | 543,217                                      |   | Aug-90 |   | Aug-90 |   | 10-40 |   |
|                  |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| MAYWOOD               |   | 1,487,946                       |   | 53,000                      |   | 1,961,139                                        |   | 30,432                                                |   | 53,000                        |   | 1,991,571                 |   | 2,044,571          |   | 861,074                                      |   | Jul-90 |   | Mar-90 |   | 5-27.5 |   |
|                  |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| MEADOW RUN            |   | 634,662                         |   | 44,400                      |   | 784,163                                          |   | 6,118                                                 |   | 44,400                        |   | 790,281                   |   | 834,681            |   | 355,458                                      |   | May-90 |   | May-90 |   | 27.5 |   |
|                  |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| MEADOWCREST           |   | 2,837,449                       |   | 286,065                     |   | 4,982,274                                        |   | 90,634                                                |   | 286,065                       |   | 5,072,908                 |   | 5,358,973          |   | 2,334,795                                    |   | Oct-90 |   | Sep-90 |   | 5-27.5 |   |
|                  |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| NEWFANE SENIOR        |   | 949,582                         |   | 30,000                      |   | 1,211,708                                        |   | 33,392                                                |   | 30,000                        |   | 1,245,100                 |   | 1,275,100          |   | 466,590                                      |   | Sep-92 |   | Oct-92 |   | 5-27.5 |   |
|                  |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| OLD STAGE             |   | 1,254,234                       |   | 39,840                      |   | 1,517,419                                        |   | 4,352                                                 |   | 39,840                        |   | 1,521,771                 |   | 1,561,611          |   | 665,103                                      |   | Sep-90 |   | May-90 |   | 27.5 |   |
|                  |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| PEDCOR INVEST         |   | 3,604,745                       |   | 170,435                     |   | 6,211,383                                        |   | 420,817                                               |   | 170,435                       |   | 6,632,200                 |   | 6,802,635          |   | 2,003,414                                    |   | Apr-90 |   | Mar-90 |   | 27.5 |   |
|                  |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| PLEASANTON SR         |   | 614,236                         |   | 40,000                      |   | 813,308                                          |   | 12,507                                                |   | 40,000                        |   | 825,815                   |   | 865,815            |   | 197,549                                      |   | Jul-93 |   | Dec-93 |   | 40 |   |
|                  |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| POLKTON HOUSING       |   | 633,643                         |   | 25,038                      |   | 754,785                                          |   | 11,564                                                |   | 25,038                        |   | 766,349                   |   | 791,387            |   | 303,917                                      |   | Dec-93 |   | Jan-94 |   | 5-27.5 |   |
|                  |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| PRINCESS MANOR        |   | 1,479,503                       |   | 57,066                      |   | 1,869,314                                        |   | 12,614                                                |   | 57,066                        |   | 1,881,928                 |   | 1,938,994          |   | 837,173                                      |   | Aug-90 |   | Jun-90 |   | 5-27.5 |   |
|                  |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| PRINCESS VILLAS       |   | 1,478,516                       |   | 63,104                      |   | 1,786,927                                        |   | 14,063                                                |   | 63,104                        |   | 1,800,990                 |   | 1,864,094          |   | 790,977                                      |   | Aug-90 |   | Jun-90 |   | 5-27.5 |   |
|                  |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| PUTNEY FIRST          |   | 1,412,066                       |   | 128,800                     |   | 1,804,424                                        |   | 2,801                                                 |   | 128,800                       |   | 1,807,225                 |   | 1,936,025          |   | 436,554                                      |   | May-93 |   | Dec-92 |   | 5-27.5 |   |
|                  |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| QUAIL HOLLOW RRH      |   | 1,455,741                       |   | 100,000                     |   | 1,861,652                                        |   | 20,338                                                |   | 100,000                       |   | 1,881,990                 |   | 1,981,990          |   | 861,683                                      |   | Jan-90 |   | May-90 |   | 27.5 |   |
|                  |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| QUAIL HOLLOW-WARSAW   |   | 1,392,084                       |   | 33,500                      |   | 1,747,578                                        |   | 8,435                                                 |   | 33,500                        |   | 1,756,013                 |   | 1,789,513          |   | 515,053                                      |   | Sep-90 |   | Jul-90 |   | 7-40 |   |
|                  |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| RAINBOW GARDENS       |   | 1,202,780                       |   | 70,000                      |   | 1,450,989                                        |   | 287                                                   |   | 70,000                        |   | 1,451,276                 |   | 1,521,276          |   | 483,648                                      |   | Jun-93 |   | Dec-92 |   | 7-27.5 |   |
|                  |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| RAITT ST APTS         |   | 823,759                         |   | 270,281                     |   | 1,221,755                                        |   | 0                                                     |   | 270,281                       |   | 1,221,755                 |   | 1,492,036          |   | 372,074                                      |   | Aug-93 |   | May-93 |   | 5-27.5 |   |
|                  |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| SCHOOL ST. II         |   | 654,712                         |   | 37,622                      |   | 1,585,434                                        |   | 27,936                                                |   | 37,622                        |   | 1,613,370                 |   | 1,650,992          |   | 528,147                                      |   | Jun-93 |   | Jun-93 |   | 7-27.5 |   |
|                  |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| SOUTH PARIS           |   | 1,474,087                       |   | 65,000                      |   | 1,853,831                                        |   | (150,490                                              | )      | 242,301                       |   | 1,703,341                 |   | 1,945,642          |   | 585,969                                      |   | Oct-92 |   | Nov-92 |   | 5-27.5 |   |

 

F-72

----

 
| **Description**     |   | **Encum-  brances**             |   | **Initial cost to company** |   | **Cost capitalized  subsequent to  acquisition** |   | **Gross amount at which carried  at close of period** |   | **Accumulated  depreciation** |   | **Date of   construction** |   | **Date  acquired** |   | **Life on which  depreciation  is computed** |   |
|---------------------|--------|---------------------------------|--------|-----------------------------|--------|--------------------------------------------------|--------|-------------------------------------------------------|--------|-------------------------------|--------|----------------------------|--------|--------------------|--------|----------------------------------------------|--------|
| **Land**            |   | **Buildings and  improvements** |   | **Improvements**            |   | **Land**                                         |   | **Buildings and  improvements**                       |   | **Total**                     |
| SOUTHWESTERN        |   | 1,414,619                       |   | 30,000                      |   | 1,766,094                                        |   | 53,615                                                |   | 30,000                        |   | 1,819,709                  |   | 1,849,709          |   | 822,466                                      |   | May-90 |   | May-90 |   | 7-27.5 |   |
|                |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
| SPRINGFIELD         |   | 4,147,405                       |   | 775,955                     |   | 4,177,205                                        |   | 5,030,490                                             |   | 775,955                       |   | 9,207,695                  |   | 9,983,650          |   | 3,484,818                                    |   | Jun-91 |   | Jun-90 |   | 5-27.5 |   |
|                |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
| SUNSHINE            |   | 1,459,106                       |   | 127,000                     |   | 1,729,289                                        |   | 114,248                                               |   | 118,339                       |   | 1,843,537                  |   | 1,961,876          |   | 784,915                                      |   | Nov-90 |   | Sep-90 |   | 5-27.5 |   |
|                |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
| SURRY VILLAGE II    |   | 801,888                         |   | 60,000                      |   | 938,244                                          |   | 3,495                                                 |   | 50,718                        |   | 941,739                    |   | 992,457            |   | 433,357                                      |   | Jan-90 |   | May-90 |   | 5-27.5 |   |
|                |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
| TAPPAHANNOCK GREENS |   | 1,490,655                       |   | 122,500                     |   | 1,703,483                                        |   | 29,903                                                |   | 122,500                       |   | 1,733,386                  |   | 1,855,886          |   | 550,162                                      |   | May-94 |   | Mar-94 |   | 5-27.5 |   |
|                |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
| TWIN OAKS           |   | 1,130,179                       |   | 53,636                      |   | 1,397,601                                        |   | 5,276                                                 |   | 53,636                        |   | 1,402,877                  |   | 1,456,513          |   | 621,162                                      |   | May-90 |   | May-90 |   | 5-27.5 |   |
|                |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
| VILLAGE OAKS        |   | 725,816                         |   | 42,140                      |   | 884,614                                          |   | 37,860                                                |   | 42,140                        |   | 922,474                    |   | 964,614            |   | 407,661                                      |   | Feb-90 |   | Jun-90 |   | 5-27.5 |   |
|                |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
| WARRENSBURG         |   | 785,198                         |   | 32,000                      |   | 991,475                                          |   | 17,218                                                |   | 32,000                        |   | 1,008,693                  |   | 1,040,693          |   | 484,885                                      |   | Apr-90 |   | Apr-90 |   | 5-27.5 |   |
|                |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
| WESTSIDE            |   | 2,341,154                       |   | 25,000                      |   | 4,022,240                                        |   | (43,749                                               | )      | 25,000                        |   | 3,978,491                  |   | 4,003,491          |   | 1,624,961                                    |   | Dec-90 |   | Jun-90 |   | 5-27.5 |   |
|                |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
| WESTWOOD            |   | 1,398,393                       |   | 96,660                      |   | 1,690,074                                        |   | 61,950                                                |   | 101,030                       |   | 1,752,024                  |   | 1,853,054          |   | 774,815                                      |   | Jul-90 |   | Jul-90 |   | 27.5 |   |
|                |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
| WILMINGTON          |   | 1,040,928                       |   | 75,637                      |   | 1,293,362                                        |   | 40,121                                                |   | 75,637                        |   | 1,333,483                  |   | 1,409,120          |   | 570,746                                      |   | Aug-90 |   | Aug-90 |   | 27.5 |   |
|                |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
|                |   | 85,725,136                      |   | 5,741,504                   |   | 119,795,906                                      |   | 8,430,361                                             |   | 6,000,829                     |   | 128,226,267                |   | 134,227,096        |   | 48,219,503                                   |   |   |   |   |   |   |   |

 

Since the Operating Partnershipsmaintain a calendar year end, the information reported on this schedule is asof December 31, 2001.

There weno carrying costs as of December 31, 2001. The Column has been omitted forpresentation purposes.

 

F-73

----

 

Notes to Schedule III

 

Boston Capital Tax Credit Fund II LimitedPartnership – Series 9

 

Reconciliation of Land, Building &Improvements current year changes

 
| Balance at beginning of period – 4/1/92 |   |      |       | $      | 122,231,856 |   |
|----------------------------------------------|--------|-----------|------------|--------|-------------|--------|
| Additions during period:                     |   |      |       |   |        |
| Acquisitions  through foreclosure            |   | $         | 0          |   |        |   |
| Other  acquisitions                          |   | 3,447,429 |       |   |        |
| Improvements,  etc                           |   | 143,343   |       |   |        |
| Other                                        |   | 0         |       |   |        |
|                                         |   |      |       | $      | 3,590,772   |   |
| Deductions  during period:                   |   |      |       |   |        |
| Cost of real  estate sold                    |   | $         | (7,395,934 | )      |        |   |
| Other*                                       |   | (24,083   | )          |   |        |
|                                         |   |      |       | $      | (7,420,017  | )      |
| Balance at  close of period – 3/31/93   |   |      |       | $      | 118,402,611 |   |
| Additions  during period:                    |   |      |       |   |        |
| Acquisitions  through foreclosure            |   | $         | 0          |   |        |   |
| Other  acquisitions                          |   | 3,591,731 |       |   |        |
| Improvements,  etc                           |   | 9,011,423 |       |   |        |
| Other                                        |   | 0         |       |   |        |
|                                         |   |      |       | $      | 12,603,154  |   |
| Deductions  during period:                   |   |      |       |   |        |
| Cost of real  estate sold                    |   | $         | 0          |   |        |   |
| Other                                        |   | 0         |       |   |        |
|                                         |   |      |       | $      | 0           |   |
| Balance at close  of period – 3/31/94   |   |      |       | $      | 131,005,765 |   |
| Additions  during period:                    |   |      |       |   |        |
| Acquisitions  through foreclosure            |   | $         | 0          |   |        |   |
| Other  acquisitions                          |   | 2,630,397 |       |   |        |
| Improvements,  etc                           |   | 1,266,494 |       |   |        |
| Other                                        |   | 0         |       |   |        |
|                                         |   |      |       | $      | 3,896,891   |   |
| Deductions  during period:                   |   |      |       |   |        |
| Cost of real  estate sold                    |   | $         | 0          |   |        |   |
| Other                                        |   | 0         |       |   |        |
|                                         |   |      |       | $      | 0           |   |
| Balance at  close of period – 3/31/95   |   |      |       | $      | 134,902,656 |   |

 

F-74

----

 
| Balance at close of period – 3/31/95  |   |       |   | $          | 134,902,656 |   |
|--------------------------------------------|--------|------------|--------|------------|-------------|--------|
| Additions during period:                   |   |       |   |       |        |
| Acquisitions  through foreclosure          |   | $          | 0      |       |        |   |
| Other  acquisitions                        |   | 0          |   |       |        |
| Improvements,  etc                         |   | 818,652    |   |       |        |
| Other                                      |   | 0          |   |       |        |
|                                       |   |       |   | $          | 818,652     |   |
| Deductions  during period:                 |   |       |   |       |        |
| Cost of real  estate sold                  |   | $          | 0      |       |        |   |
| Other                                      |   | 0          |   |       |        |
|                                       |   |       |   | 0          |        |
| Balance at  close of period – 3/31/96 |   |       |   | $          | 135,721,308 |   |
| Additions  during period:                  |   |       |   |       |        |
| Acquisitions  through foreclosure          |   | $          | 0      |       |        |   |
| Other  acquisitions                        |   | 0          |   |       |        |
| Improvements,  etc                         |   | 0          |   |       |        |
| Other                                      |   | 0          |   |       |        |
|                                       |   |       |   | $          | 0           |   |
| Deductions  during period:                 |   |       |   |       |        |
| Cost of real  estate sold                  |   | $          | 0      |       |        |   |
| Other                                      |   | (2,117,890 | )      |       |        |
|                                       |   |       |   | (2,117,890 | )           |
| Balance at  close of period – 3/31/97 |   |       |   | $          | 133,603,418 |   |
| Additions  during period:                  |   |       |   |       |        |
| Acquisitions  through foreclosure          |   | $          | 0      |       |        |   |
| Other  acquisitions                        |   | 0          |   |       |        |
| Improvements,  etc                         |   | 355,226    |   |       |        |
| Other                                      |   | 0          |   |       |        |
|                                       |   |       |   | $          | 355,226     |   |
| Deductions  during period:                 |   |       |   |       |        |
| Cost of real  estate sold                  |   | $          | 0      |       |        |   |
| Other                                      |   | 0          |   |       |        |
|                                       |   |       |   | 0          |        |
| Balance at  close of period – 3/31/98 |   |       |   | $          | 133,958,644 |   |

 

F-75

----

 
| Balance at close of period – 3/31/98  |   |     |   | $        | 133,958,644 |   |
|--------------------------------------------|--------|----------|--------|----------|-------------|--------|
| Additions during period:                   |   |     |   |     |        |
| Acquisitions  through foreclosure          |   | $        | 0      |     |        |   |
| Other  acquisitions                        |   | 0        |   |     |        |
| Improvements,  etc                         |   | 570,512  |   |     |        |
| Other                                      |   | 0        |   |     |        |
|                                       |   |     |   | $        | 570,512     |   |
| Deductions  during period:                 |   |     |   |     |        |
| Cost of real  estate sold                  |   | $        | 0      |     |        |   |
| Other                                      |   | (990,393 | )      |     |        |
|                                       |   |     |   | (990,393 | )           |
| Balance at  close of period – 3/31/99 |   |     |   | $        | 133,538,763 |   |
| Additions  during period:                  |   |     |   |     |        |
| Acquisitions  through foreclosure          |   | $        | 0      |     |        |   |
| Other  acquisitions                        |   | 0        |   |     |        |
| Improvements,  etc                         |   | 374,174  |   |     |        |
| Other                                      |   | 0        |   |     |        |
|                                       |   |     |   | $        | 374,174     |   |
| Deductions  during period:                 |   |     |   |     |        |
| Cost of real  estate sold                  |   | $        | 0      |     |        |   |
| Other                                      |   | (531,712 | )      |     |        |
|                                       |   |     |   | (531,712 | )           |
| Balance at  close of period – 3/31/00 |   |     |   | $        | 133,381,225 |   |
| Additions  during period:                  |   |     |   |     |        |
| Acquisitions  through foreclosure          |   | $        | 0      |     |        |   |
| Other  acquisitions                        |   | 0        |   |     |        |
| Improvements,  etc                         |   | 322,286  |   |     |        |
| Other                                      |   | 0        |   |     |        |
|                                       |   |     |   | $        | 322,286     |   |
| Deductions  during period:                 |   |     |   |     |        |
| Cost of real  estate sold                  |   | $        | 0      |     |        |   |
| Other                                      |   | 0        |   |     |        |
|                                       |   |     |   | 0        |        |
| Balance at  close of period – 3/31/01 |   |     |   | $        | 133,703,511 |   |

 

F-76

----

 
| Balance at close of period – 3/31/01  |   |    |   | $      | 133,703,511 |   |
|--------------------------------------------|--------|---------|--------|--------|-------------|--------|
| Additions during period:                   |   |    |   |   |        |
| Acquisitions  through foreclosure          |   | $       | 0      |   |        |   |
| Other  acquisitions                        |   | 0       |   |   |        |
| Improvements,  etc                         |   | 523,585 |   |   |        |
| Other                                      |   | 0       |   |   |        |
|                                       |   |    |   | $      | 523,585     |   |
| Deductions  during period:                 |   |    |   |   |        |
| Cost of real  estate sold                  |   | $       | 0      |   |        |   |
| Other                                      |   | 0       |   |   |        |
|                                       |   |    |   | 0      |        |
| Balance at  close of period – 3/31/02 |   |    |   | $      | 134,227,096 |   |

 

F-77

----

 

Reconciliation of Accumulated Depreciationcurrent year changes

 
| Balance at beginning of period – 4/1/92 |   |   |      | $      | 6,203,920  |   |
|----------------------------------------------|--------|--------|-----------|--------|------------|--------|
|                                         |   |   |      |   |       |
| Current year expense                         |   | $      | 4,059,735 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/93   |   |   |      | $      | 10,263,655 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 4,195,190 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/94   |   |   |      | $      | 14,458,845 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 4,588,398 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/95   |   |   |      | $      | 19,047,243 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 4,535,644 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/96   |   |   |      | $      | 23,582,887 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 4,517,586 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/97   |   |   |      | $      | 28,100,473 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 4,359,076 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/98   |   |   |      | $      | 32,459,549 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 3,444,078 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/99   |   |   |      | $      | 35,903,627 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 4,028,593 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/00   |   |   |      | $      | 39,932,220 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 4,198,128 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/01   |   |   |      | $      | 44,130,348 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 4,089,155 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/02   |   |   |      | $      | 48,219,503 |   |

 

F-78

----

 

Boston Capital Tax Credit FundII Limited Partnership – Series 10

Schedule III – Real Estate andAccumulated Depreciation

March 31, 2002

 
| **Description**    |   | **Encumb-  rances**            |   | **Initial cost to company** |   | **Cost capitalized subsequent to acquisition** |   | **Gross amount at which carried  at close of period** |   | **Accumulated depreciation** |   | **Date of construction** |   | **Date acquired** |   | **Life on which depreciation is computed** |   |
|--------------------|--------|--------------------------------|--------|-----------------------------|--------|------------------------------------------------|--------|-------------------------------------------------------|--------|------------------------------|--------|-------------------------------|--------|------------------------|--------|------------------------------------------------------|--------|
| **Land**           |   | **Buildings and improvements** |   | **Improvements**            |   | **Land**                                       |   | **Buildings and improvements**                        |   | **Total**                    |   |
| ACKERMAN           |   | 560,718                        |   | 42,000                      |   | 619,380                                        |   | 268,398                                               |   | 42,000                       |   | 887,778                       |   | 929,778                |   | 180,608                                              |   | Jun-94 |   | Sep-93 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| ATHENS II          |   | 1,325,645                      |   | 75,000                      |   | 1,642,281                                      |   | 27,124                                                |   | 75,000                       |   | 1,669,405                     |   | 1,744,405              |   | 487,020                                              |   | Jun-90 |   | Aug-90 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| AUTUMN LANE        |   | 727,810                        |   | 34,094                      |   | 891,072                                        |   | 1,116                                                 |   | 34,094                       |   | 892,188                       |   | 926,282                |   | 382,206                                              |   | Nov-90 |   | Aug-89 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| BAYTREE            |   | 949,539                        |   | 44,759                      |   | 1,099,246                                      |   | 119,417                                               |   | 44,759                       |   | 1,218,663                     |   | 1,263,422              |   | 553,873                                              |   | Jul-90 |   | Nov-88 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| BENCHMARK          |   | 1,104,182                      |   | 60,600                      |   | 1,137,112                                      |   | 203,487                                               |   | 60,600                       |   | 1,340,599                     |   | 1,401,199              |   | 566,311                                              |   | Jul-90 |   | Nov-88 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| BRENTWOOD          |   | 950,389                        |   | 64,999                      |   | 1,163,002                                      |   | 53,014                                                |   | 64,999                       |   | 1,216,016                     |   | 1,281,015              |   | 350,791                                              |   | Oct-90 |   | Nov-90 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| BRIARWOOD          |   | 1,469,312                      |   | 154,900                     |   | 1,898,553                                      |   | (311,585                                              | )      | 154,900                      |   | 1,586,968                     |   | 1,741,868              |   | 652,629                                              |   | Aug-90 |   | Aug-90 |   | 7-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| BUTLER PROPERTIES  |   | 498,527                        |   | 37,500                      |   | 376,730                                        |   | 223,430                                               |   | 37,500                       |   | 600,160                       |   | 637,660                |   | 163,353                                              |   | Feb-91 |   | Dec-90 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| CANDLEWICK PLACE   |   | 1,244,555                      |   | 70,800                      |   | 1,500,289                                      |   | 70,175                                                |   | 70,800                       |   | 1,570,464                     |   | 1,641,264              |   | 416,138                                              |   | Oct-92 |   | Dec-92 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| CEDARSTONE         |   | 765,859                        |   | 66,000                      |   | 955,695                                        |   | 33,289                                                |   | 66,000                       |   | 988,984                       |   | 1,054,984              |   | 265,008                                              |   | May-93 |   | May-93 |   | 5-40 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| CENTREVILLE APTS.  |   | 626,522                        |   | 63,073                      |   | 697,069                                        |   | 53,939                                                |   | 16,000                       |   | 751,008                       |   | 767,008                |   | 394,282                                              |   | Feb-90 |   | Nov-90 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| CHARLTON COURT     |   | 1,189,431                      |   | 56,144                      |   | 1,449,050                                      |   | 3,301                                                 |   | 56,144                       |   | 1,452,351                     |   | 1,508,495              |   | 516,621                                              |   | Jan-93 |   | Dec-92 |   | 7-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| CHUCKATUCK         |   | 1,441,053                      |   | 128,725                     |   | 1,731,557                                      |   | 16,773                                                |   | 128,725                      |   | 1,748,330                     |   | 1,877,055              |   | 599,960                                              |   | Feb-90 |   | Nov-90 |   | 12-40 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| CLOVERLEAF I       |   | 847,511                        |   | 54,740                      |   | 969,048                                        |   | 20,339                                                |   | 54,740                       |   | 989,387                       |   | 1,044,127              |   | 444,951                                              |   | Apr-90 |   | Nov-90 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| CLOVERLEAF II      |   | 866,553                        |   | 66,488                      |   | 981,480                                        |   | 22,147                                                |   | 66,488                       |   | 1,003,627                     |   | 1,070,115              |   | 449,975                                              |   | Apr-90 |   | Nov-90 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| CONNELLSVILLE      |   | 1,355,379                      |   | 55,440                      |   | 1,591,799                                      |   | 150,476                                               |   | 55,440                       |   | 1,742,275                     |   | 1,797,715              |   | 563,261                                              |   | Mar-90 |   | Nov-90 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| DALLAS             |   | 1,427,067                      |   | 230,059                     |   | 3,408,933                                      |   | (195,432                                              | )      | 230,059                      |   | 3,213,501                     |   | 3,443,560              |   | 1,430,175                                            |   | Oct-90 |   | Dec-91 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| ELLAVILLE          |   | 779,676                        |   | 45,000                      |   | 977,293                                        |   | 915                                                   |   | 45,000                       |   | 978,208                       |   | 1,023,208              |   | 446,795                                              |   | Feb-90 |   | Jul-90 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| FORSYTH            |   | 1,445,460                      |   | 55,000                      |   | 1,894,917                                      |   | 28,331                                                |   | 55,000                       |   | 1,923,248                     |   | 1,978,248              |   | 816,432                                              |   | Sep-90 |   | Jul-90 |   | 7-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| FREEDOM APTS.      |   | 1,041,197                      |   | 144,065                     |   | 1,219,436                                      |   | 89,906                                                |   | 144,065                      |   | 1,309,342                     |   | 1,453,407              |   | 408,948                                              |   | Sep-90 |   | Nov-90 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| GREAT FALLS        |   | 893,922                        |   | 38,292                      |   | 1,053,154                                      |   | 8,182                                                 |   | 38,292                       |   | 1,061,336                     |   | 1,099,628              |   | 459,801                                              |   | Oct-90 |   | Nov-90 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| HARTWAY PROPERTIES |   | 905,471                        |   | 49,000                      |   | 1,116,507                                      |   | 0                                                     |   | 49,000                       |   | 1,116,507                     |   | 1,165,507              |   | 380,381                                              |   | Jun-90 |   | Jul-90 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                  |   |                         |   |                          |   |                   |   |                                                 |   |   |   |   |   |   |   |
| HILLTOP            |   | 1,475,287                      |   | 105,000                     |   | 1,916,734                                      |   | 56,410                                                |   | 105,000                      |   | 1,973,144                     |   | 2,078,144              |   | 851,687                                              |   | Jul-90 |   | Aug-90 |   | 7-27.5 |   |

 

F-79

----

 
| **Description**    |   | **Encumbr-  ances**            |   | **Initial cost to company** |   | **Cost   capitalized  subsequent to  acquisition** |   | **Gross amount at which carried   at close of period** |   | **Accumulated depreciation** |   | **Date of  construction** |   | **Date acquired** |   | **Life on which depreciation is  computed** |   |
|--------------------|--------|--------------------------------|--------|-----------------------------|--------|----------------------------------------------------|--------|--------------------------------------------------------|--------|------------------------------|--------|--------------------------------|--------|-------------------|--------|---------------------------------------------|--------|
| **Land**           |   | **Buildings and improvements** |   | **Improvements**            |   | **Land**                                           |   | **Buildings and improvements**                         |   | **Total**                    |
| IRONTON ESTATES    |   | 616,545                        |   | 29,500                      |   | 794,461                                            |   | 4,189                                                  |   | 29,500                       |   | 798,650                        |   | 828,150           |   | 303,895                                     |   | Jan-93 |   | May-93 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                               |   |                                                   |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| LAMBERT SQUARE     |   | 985,388                        |   | 41,200                      |   | 1,243,568                                          |   | 19,292                                                 |   | 41,200                       |   | 1,262,860                      |   | 1,304,060         |   | 295,523                                     |   | Jan-93 |   | May-93 |   | 5-50 |   |
|               |   |                           |   |                        |   |                                               |   |                                                   |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| LAWTON APTS.       |   | 1,474,988                      |   | 54,400                      |   | 1,848,603                                          |   | 30,272                                                 |   | 54,400                       |   | 1,878,875                      |   | 1,933,275         |   | 968,897                                     |   | Dec-92 |   | Nov-92 |   | 10-40 |   |
|               |   |                           |   |                        |   |                                               |   |                                                   |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| LONGVIEW           |   | 864,689                        |   | 25,000                      |   | 1,071,946                                          |   | 72,281                                                 |   | 25,000                       |   | 1,144,227                      |   | 1,169,227         |   | 518,641                                     |   | Jun-90 |   | Nov-90 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                               |   |                                                   |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| MAIDU              |   | 1,937,506                      |   | 56,500                      |   | 4,890,261                                          |   | 309,590                                                |   | 56,500                       |   | 5,199,851                      |   | 5,256,351         |   | 2,070,897                                   |   | Aug-90 |   | Nov-88 |   | 27.5 |   |
|               |   |                           |   |                        |   |                                               |   |                                                   |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| MEADOWBROOK        |   | 1,464,168                      |   | 75,141                      |   | 1,789,549                                          |   | 5,194                                                  |   | 75,141                       |   | 1,794,743                      |   | 1,869,884         |   | 812,200                                     |   | Dec-91 |   | Mar-91 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                               |   |                                                   |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| MERCER APTS.       |   | 900,920                        |   | 46,249                      |   | 1,098,860                                          |   | 75,864                                                 |   | 46,249                       |   | 1,174,724                      |   | 1,220,973         |   | 372,820                                     |   | Aug-90 |   | Nov-90 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                               |   |                                                   |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| MORGANTOWN         |   | 762,611                        |   | 36,000                      |   | 930,187                                            |   | 7                                                      |   | 36,000                       |   | 930,194                        |   | 966,194           |   | 264,755                                     |   | Dec-90 |   | Aug-90 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                               |   |                                                   |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| NEWNAN             |   | 1,694,432                      |   | 92,706                      |   | 4,128,942                                          |   | (241,002                                               | )      | 92,706                       |   | 3,887,940                      |   | 3,980,646         |   | 1,736,353                                   |   | Oct-90 |   | Dec-90 |   | 27.5 |   |
|               |   |                           |   |                        |   |                                               |   |                                                   |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| PARKWOOD           |   | 2,869,661                      |   | 316,667                     |   | 4,358,381                                          |   | 12,008                                                 |   | 316,667                      |   | 4,370,389                      |   | 4,687,056         |   | 1,867,707                                   |   | May-91 |   | Mar-91 |   | 40 |   |
|               |   |                           |   |                        |   |                                               |   |                                                   |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| PEDCOR INVESTMENTS |   | 3,168,652                      |   | 200,000                     |   | 4,714,711                                          |   | 635,088                                                |   | 200,000                      |   | 5,349,799                      |   | 5,549,799         |   | 1,508,464                                   |   | Oct-90 |   | Jul-90 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                               |   |                                                   |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| PINETREE MANOR     |   | 971,479                        |   | 30,000                      |   | 1,210,633                                          |   | 29,584                                                 |   | 30,000                       |   | 1,240,217                      |   | 1,270,217         |   | 284,549                                     |   | Jan-93 |   | Nov-92 |   | 7-40 |   |
|               |   |                           |   |                        |   |                                               |   |                                                   |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| PINEVIEW           |   | 952,742                        |   | 125,000                     |   | 1,178,400                                          |   | 8,863                                                  |   | 125,000                      |   | 1,187,263                      |   | 1,312,263         |   | 512,026                                     |   | Dec-90 |   | Sep-90 |   | 7-27.5 |   |
|               |   |                           |   |                        |   |                                               |   |                                                   |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| ROSEWOOD VILLAGE   |   | 667,025                        |   | 36,000                      |   | 806,255                                            |   | 7,571                                                  |   | 36,000                       |   | 813,826                        |   | 849,826           |   | 364,299                                     |   | Jul-90 |   | Jul-90 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                               |   |                                                   |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| SOUTH FARM         |   | 1,140,286                      |   | 254,636                     |   | 3,486,308                                          |   | 7,644                                                  |   | 254,636                      |   | 3,493,952                      |   | 3,748,588         |   | 1,224,234                                   |   | Jul-93 |   | Apr-93 |   | 7-40 |   |
|               |   |                           |   |                        |   |                                               |   |                                                   |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| STOCKTON ESTATES   |   | 510,360                        |   | 17,500                      |   | 647,699                                            |   | 2,472                                                  |   | 17,500                       |   | 650,171                        |   | 667,671           |   | 254,450                                     |   | Jan-93 |   | Feb-93 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                               |   |                                                   |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| STRATFORD SQUARE   |   | 745,201                        |   | 63,000                      |   | 443,433                                            |   | 469,697                                                |   | 63,000                       |   | 913,130                        |   | 976,130           |   | 230,888                                     |   | Feb-93 |   | Oct-92 |   | 5-40 |   |
|               |   |                           |   |                        |   |                                               |   |                                                   |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| SUMMER GLEN        |   | 1,469,788                      |   | 147,225                     |   | 1,669,056                                          |   | 10,711                                                 |   | 147,225                      |   | 1,679,767                      |   | 1,826,992         |   | 440,418                                     |   | Mar-93 |   | Nov-92 |   | 5-40 |   |
|               |   |                           |   |                        |   |                                               |   |                                                   |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| WASHINGTON HEIGHTS |   | 479,474                        |   | 76,537                      |   | 974,803                                            |   | 37,069                                                 |   | 90,473                       |   | 1,011,872                      |   | 1,102,345         |   | 335,952                                     |   | Jul-90 |   | Nov-90 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                               |   |                                                   |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| WEST DES MOINES    |   | 2,235,039                      |   | 437,568                     |   | 4,154,100                                          |   | 351,935                                                |   | 437,568                      |   | 4,506,035                      |   | 4,943,603         |   | 1,896,703                                   |   | Jul-90 |   | Jul-90 |   | 7-27.5 |   |

 

F-80

----

 
| **Description**  |   | **Encum-  brances**            |   | **Initial cost to company** |   | **Cost  capitalized  subsequent  to acquisition** |   | **Gross amount at which carried   at close of period** |   | **Accumulated depreciation** |   | **Date of   Construction** |   | **Date acquired** |   | **Life on which depreciation is computed** |   |
|------------------|--------|--------------------------------|--------|-----------------------------|--------|---------------------------------------------------|--------|--------------------------------------------------------|--------|------------------------------|--------|---------------------------------|--------|-------------------|--------|--------------------------------------------|--------|
| **Land**         |   | **Buildings and improvements** |   | **Improvements**            |   | **Land**                                          |   | **Buildings and improvements**                         |   | **Total**                    |
| WICHITA WEST     |   | 1,701,408                      |   | 110,377                     |   | 2,920,599                                         |   | 156,779                                                |   | 110,377                      |   | 3,077,378                       |   | 3,187,755         |   | 1,299,334                                  |   | Jul-90 |   | Jul-90 |   | 7-27.5 |   |
|             |   |                           |   |                        |   |                                              |   |                                                   |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| WOODSIDE HOUSING |   | 1,469,003                      |   | 60,140                      |   | 1,926,294                                         |   | 16,376                                                 |   | 60,140                       |   | 1,942,670                       |   | 2,002,810         |   | 578,626                                    |   | Nov-90 |   | Dec-90 |   | 5-27.5 |   |
|             |   |                           |   |                        |   |                                              |   |                                                   |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
|             |   | 52,972,430                     |   | 4,073,024                   |   | 76,577,386                                        |   | 2,964,636                                              |   | 4,039,887                    |   | 79,542,022                      |   | 83,581,909        |   | 29,922,837                                 |   |   |   |   |   |   |   |

 

Since the Operating Partnershipsmaintain a calendar year end, the information reported on this schedule is asof December 31, 2001.

There we no carrying costs as ofDecember 31, 2001. The Column has been omitted for presentation purposes.

 

F-81

----

 

Notes toSchedule III

 

Boston CapitalTax Credit Fund II Limited Partnership – Series 10

 

Reconciliationof Land, Building & Improvements current year changes

 
| Balance at beginning of period – 4/1/92 |   |      |       | $      | 73,561,151 |   |
|----------------------------------------------|--------|-----------|------------|--------|------------|--------|
| Additions  during period:                    |   |      |       |   |       |
| Acquisitions  through foreclosure            |   | $         | 0          |   |       |   |
| Other  acquisitions                          |   | 2,204,866 |       |   |       |
| Improvements,  etc                           |   | 314,333   |       |   |       |
| Other                                        |   | 0         |       |   |       |
|                                         |   |      |       | $      | 2,519,199  |   |
| Deductions  during period:                   |   |      |       |   |       |
| Cost of real  estate sold                    |   | $         | (7,395,934 | )      |       |   |
| Other*                                       |   | 0         |       |   |       |
|                                         |   |      |       | $      | (7,395,934 | )      |
| Balance at  close of period – 3/31/93   |   |      |       | $      | 68,684,416 |   |
| Additions  during period:                    |   |      |       |   |       |
| Acquisitions  through foreclosure            |   | $         | 0          |   |       |   |
| Other  acquisitions                          |   | 8,492,161 |       |   |       |
| Improvements,  etc                           |   | 6,297,007 |       |   |       |
| Other                                        |   | 0         |       |   |       |
|                                         |   |      |       | $      | 14,789,168 |   |
| Deductions  during period:                   |   |      |       |   |       |
| Cost of real  estate sold                    |   | $         | 0          |   |       |   |
| Other                                        |   | 0         |       |   |       |
|                                         |   |      |       | $      | 0          |   |
| Balance at  close of period – 3/31/94   |   |      |       | $      | 83,473,584 |   |
| Additions  during period:                    |   |      |       |   |       |
| Acquisitions  through foreclosure            |   | $         | 0          |   |       |   |
| Other  acquisitions                          |   | 313,600   |       |   |       |
| Improvements,  etc                           |   | 0         |       |   |       |
| Other                                        |   | 0         |       |   |       |
|                                         |   |      |       | $      | 313,600    |   |
| Deductions  during period:                   |   |      |       |   |       |
| Cost of real  estate sold                    |   | 0         |       |   |       |
| Other                                        |   | 0         |       |   |       |
|                                         |   |      |       | $      | 0          |   |
| Balance at  close of period – 3/31/95   |   |      |       | $      | 83,787,184 |   |

 

F-82

----

 
| Balance at close of period – 3/31/95  |   |     |   | $        | 83,787,184 |   |
|--------------------------------------------|--------|----------|--------|----------|------------|--------|
| Additions during period:                   |   |     |   |     |       |
| Acquisitions  through foreclosure          |   | $        | 0      |     |       |   |
| Other  acquisitions                        |   | 0        |   |     |       |
| Improvements,  etc                         |   |     |   |     |       |
| Other                                      |   | 86,855   |   |     |       |
|                                       |   |     |   | $        | 86,855     |   |
| Deductions  during period:                 |   |     |   |     |       |
| Cost of real  estate sold                  |   | $        | 0      |     |       |   |
| Other                                      |   | (440,637 | )      |     |       |
|                                       |   |     |   | (440,637 | )          |
| Balance at  close of period – 3/31/96 |   |     |   | $        | 83,433,402 |   |
| Additions  during period:                  |   |     |   |     |       |
| Acquisitions  through foreclosure          |   | $        | 0      |     |       |   |
| Other  acquisitions                        |   | 0        |   |     |       |
| Improvements,  etc                         |   | 0        |   |     |       |
| Other                                      |   | 186,916  |   |     |       |
|                                       |   |     |   | $        | 186,196    |   |
| Deductions  during period:                 |   |     |   |     |       |
| Cost of real  estate sold                  |   | $        | 0      |     |       |   |
| Other                                      |   | 0        |   |     |       |
|                                       |   |     |   | 0        |       |
|                                       |   |     |   | $        | 83,620,318 |   |
| Balance at  close of period – 3/31/97 |   |     |   |     |       |
| Additions  during period:                  |   |     |   |     |       |
| Acquisitions  through foreclosure          |   | $        | 0      |     |       |   |
| Other  acquisitions                        |   | 0        |   |     |       |
| Improvements,  etc                         |   | 116,256  |   |     |       |
| Other                                      |   | 0        |   |     |       |
|                                       |   |     |   | $        | 116,256    |   |
| Deductions  during period:                 |   |     |   |     |       |
| Cost of real  estate sold                  |   | $        | 0      |     |       |   |
| Other                                      |   | 0        |   |     |       |
|                                       |   |     |   | 0        |       |
| Balance at  close of period – 3/31/98 |   |     |   | $        | 83,736,574 |   |

 

F-83

----

 
| Balance at close of period – 3/31/98  |   |       |   | $          | 83,736,574 |   |
|--------------------------------------------|--------|------------|--------|------------|------------|--------|
| Additions during period:                   |   |       |   |       |       |
| Acquisitions  through foreclosure          |   | $          | 0      |       |       |   |
| Other  acquisitions                        |   | 0          |   |       |       |
| Improvements,  etc                         |   | 530,895    |   |       |       |
| Other                                      |   | 0          |   |       |       |
|                                       |   |       |   | $          | 530,895    |   |
| Deductions  during period:                 |   |       |   |       |       |
| Cost of real  estate sold                  |   | $          | 0      |       |       |   |
| Other                                      |   | (1,589,126 | )      |       |       |
|                                       |   |       |   | (1,589,126 | )          |
|                                       |   |       |   | $          | 82,678,343 |   |
| Balance at  close of period – 3/31/99 |   |       |   |       |       |
| Additions  during period:                  |   |       |   |       |       |
| Acquisitions  through foreclosure          |   | $          | 0      |       |       |   |
| Other  acquisitions                        |   | 0          |   |       |       |
| Improvements,  etc                         |   | 489,722    |   |       |       |
| Other                                      |   | 0          |   |       |       |
|                                       |   |       |   | $          | 489,722    |   |
|                                       |   |       |   |       |       |
| Deductions  during period:                 |   |       |   |       |       |
| Cost of real  estate sold                  |   | $          | 0      |       |       |   |
| Other                                      |   | 0          |   |       |       |
|                                       |   |       |   | 0          |       |
| Balance at  close of period – 3/31/00 |   |       |   | $          | 83,168,065 |   |
| Additions  during period:                  |   |       |   |       |       |
| Acquisitions through  foreclosure          |   | $          | 0      |       |       |   |
| Other  acquisitions                        |   | 0          |   |       |       |
| Improvements,  etc                         |   | 156,226    |   |       |       |
| Other                                      |   | 0          |   |       |       |
|                                       |   |       |   | $          | 156,226    |   |
| Deductions  during period:                 |   |       |   |       |       |
| Cost of real  estate sold                  |   | $          | 0      |       |       |   |
| Other                                      |   | 0          |   |       |       |
|                                       |   |       |   | 0          |       |
| Balance at  close of period – 3/31/01 |   |       |   | $          | 83,324,291 |   |

 

F-84

----

 
| Balance at close of period – 3/31/01  |   |    |   | $      | 83,324,291 |   |
|--------------------------------------------|--------|---------|--------|--------|------------|--------|
| Additions during period:                   |   |    |   |   |       |
| Acquisitions  through foreclosure          |   | $       | 0      |   |       |   |
| Other  acquisitions                        |   | 0       |   |   |       |
| Improvements,  etc                         |   | 257,618 |   |   |       |
| Other                                      |   | 0       |   |   |       |
|                                       |   |    |   | $      | 257,618    |   |
| Deductions  during period:                 |   |    |   |   |       |
| Cost of real  estate sold                  |   | $       | 0      |   |       |   |
| Other                                      |   | 0       |   |   |       |
|                                       |   |    |   | 0      |       |
| Balance at  close of period – 3/31/02 |   |    |   | $      | 83,581,909 |   |
|                                            |        |         |        |        |            |        |  |  |

 

F-85

----

 

Reconciliationof Accumulated Depreciation current year changes

 
| Balance at beginning of period – 4/1/92 |   |   |      | $      | 3,259,154  |   |
|----------------------------------------------|--------|--------|-----------|--------|------------|--------|
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 2,487,975 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/93   |   |   |      | $      | 5,747,129  |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 2,881,214 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/94   |   |   |      | $      | 8,628,343  |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 2,883,271 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/95   |   |   |      | $      | 11,511,614 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 2,768,634 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/96   |   |   |      | $      | 14,280,248 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 2,797,002 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/97   |   |   |      | $      | 17,077,250 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 2,780,726 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/98   |   |   |      | $      | 19,857,976 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 2,397,434 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/99   |   |   |      | $      | 22,255,410 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 2,459,142 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/00   |   |   |      | $      | 24,714,552 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 2,579,970 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/01   |   |   |      | $      | 27,294,522 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 2,628,315 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/02   |   |   |      | $      | 29,922,837 |   |

 

F-86

----

 

Boston Capital Tax Credit Fund II Limited Partnership – Series 11Schedule III – Real Estate and Accumulated DepreciationMarch 31, 2002

 
| **Description**           |   | **Encum-  brances**            |   | **Initial cost to company** |   | **Cost  capitalized  subsequent to acquisition** |   | **Gross amount at which carried  at close of period** |   | **Accumulated depreciation** |   | **Date of   construction** |   | **Date acquired** |   | **Life on which depreciation is computed** |   |
|---------------------------|--------|--------------------------------|--------|-----------------------------|--------|--------------------------------------------------|--------|-------------------------------------------------------|--------|------------------------------|--------|---------------------------------|--------|-------------------|--------|--------------------------------------------|--------|
| **Land**                  |   | **Buildings and improvements** |   | **Improvements**            |   | **Land**                                         |   | **Buildings and improvements**                        |   | **Total**                    |
| ACADEMY HILL              |   | 1,365,122                      |   | 119,500                     |   | 1,607,604                                        |   | 22,656                                                |   | 119,500                      |   | 1,630,260                       |   | 1,749,760         |   | 675,692                                    |   | Feb-91 |   | Feb-91 |   | 5-27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| ASPEN SQUARE              |   | 1,819,239                      |   | 150,413                     |   | 2,118,648                                        |   | 115,734                                               |   | 150,703                      |   | 2,234,382                       |   | 2,385,085         |   | 608,434                                    |   | Nov-90 |   | Nov-90 |   | 5-27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| BRIDGEVIEW                |   | 1,352,060                      |   | 50,686                      |   | 1,586,090                                        |   | 96,589                                                |   | 50,686                       |   | 1,682,679                       |   | 1,733,365         |   | 804,007                                    |   | Dec-89 |   | Dec-90 |   | 5-27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| BUCKEYE                   |   | 1,328,889                      |   | 93,421                      |   | 1,584,893                                        |   | 80,927                                                |   | 93,421                       |   | 1,665,820                       |   | 1,759,241         |   | 528,044                                    |   | Aug-90 |   | Dec-90 |   | 5-27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| CHURCH HILL               |   | 948,349                        |   | 63,232                      |   | 663,136                                          |   | 572,774                                               |   | 63,232                       |   | 1,235,910                       |   | 1,299,142         |   | 345,641                                    |   | Jan-91 |   | Dec-90 |   | 7-40 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| COPPER CREEK              |   | 1,165,033                      |   | 77,750                      |   | 1,410,989                                        |   | 58,043                                                |   | 77,750                       |   | 1,469,032                       |   | 1,546,782         |   | 403,876                                    |   | Sep-90 |   | Nov-90 |   | 5-27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| CORONADO                  |   | 290,506                        |   | 9,998                       |   | 1,499,265                                        |   | 30,082                                                |   | 9,998                        |   | 1,529,347                       |   | 1,539,345         |   | 636,426                                    |   | Apr-91 |   | Feb-91 |   | 5-27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| CRESTWOOD                 |   | 3,976,606                      |   | 360,000                     |   | 10,649,129                                       |   | 186,333                                               |   | 360,000                      |   | 10,835,462                      |   | 11,195,462        |   | 4,460,876                                  |   | Jul-91 |   | Jan-91 |   | 7-27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| DALLAS APTS.              |   | 1,427,067                      |   | 230,059                     |   | 3,408,933                                        |   | (195,432                                              | )      | 230,059                      |   | 3,213,501                       |   | 3,443,560         |   | 1,430,175                                  |   | Oct-90 |   | Dec-90 |   | 7-27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| DENMARK I                 |   | 763,645                        |   | 54,000                      |   | 915,172                                          |   | 5,913                                                 |   | 54,000                       |   | 921,085                         |   | 975,085           |   | 410,972                                    |   | Jun-90 |   | Nov-90 |   | 27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| DENMARK II                |   | 811,061                        |   | 36,000                      |   | 1,003,547                                        |   | 3,496                                                 |   | 36,000                       |   | 1,007,043                       |   | 1,043,043         |   | 445,644                                    |   | Jun-90 |   | Nov-90 |   | 5-27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| EL DORADO SPRINGS         |   | 575,887                        |   | 22,500                      |   | 735,245                                          |   | 23,062                                                |   | 17,176                       |   | 758,307                         |   | 775,483           |   | 351,346                                    |   | Sep-90 |   | Nov-90 |   | 5-27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| ELDON ESTATES II          |   | 574,654                        |   | 30,000                      |   | 690,453                                          |   | 41,904                                                |   | 30,000                       |   | 732,357                         |   | 762,357           |   | 325,746                                    |   | Nov-90 |   | Dec-90 |   | 5-27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| ELDON MANOR               |   | 554,841                        |   | 7,500                       |   | 787,399                                          |   | 32,126                                                |   | 7,500                        |   | 819,525                         |   | 827,025           |   | 370,896                                    |   | Nov-90 |   | Dec-90 |   | 5-27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| ELDERLY HOUSING  OF MACON |   | 1,606,050                      |   | 50,000                      |   | 1,992,329                                        |   | 27,422                                                |   | 50,000                       |   | 2,019,751                       |   | 2,069,751         |   | 449,399                                    |   | Apr-93 |   | May-93 |   | 5-27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| EUTAW ELDERLY             |   | 1,608,942                      |   | 24,000                      |   | 1,972,439                                        |   | 25,275                                                |   | 24,000                       |   | 1,997,714                       |   | 2,021,714         |   | 401,832                                    |   | Dec-93 |   | May-93 |   | 5-50 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| FARMERVILLE               |   | 960,627                        |   | 57,015                      |   | 1,195,142                                        |   | 42,257                                                |   | 57,015                       |   | 1,237,399                       |   | 1,294,414         |   | 335,748                                    |   | Apr-91 |   | Jan-91 |   | 5-27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| FOREST GLADE              |   | 1,470,456                      |   | 100,000                     |   | 1,841,104                                        |   | 24,875                                                |   | 100,000                      |   | 1,865,979                       |   | 1,965,979         |   | 783,910                                    |   | Dec-90 |   | Dec-90 |   | 7-27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| FRANKLIN SCHOOL           |   | 1,222,427                      |   | 112,032                     |   | 2,528,326                                        |   | 1,960,438                                             |   | 112,032                      |   | 4,488,764                       |   | 4,600,796         |   | 1,660,921                                  |   | Dec-91 |   | Oct-90 |   | 27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| HARBOR VIEW               |   | 1,468,872                      |   | 143,957                     |   | 1,802,615                                        |   | 14,960                                                |   | 143,957                      |   | 1,817,575                       |   | 1,961,532         |   | 793,041                                    |   | Jul-90 |   | Dec-90 |   | 7-27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| HILLTOP APTS.             |   | 1,407,490                      |   | 178,736                     |   | 1,545,237                                        |   | 37,942                                                |   | 178,736                      |   | 1,583,179                       |   | 1,761,915         |   | 519,011                                    |   | Nov-92 |   | Jan-93 |   | 27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| HOLLAND SENIOR            |   | 891,962                        |   | 27,500                      |   | 1,096,333                                        |   | 56,134                                                |   | 27,500                       |   | 1,152,467                       |   | 1,179,967         |   | 517,782                                    |   | Jun-90 |   | Nov-90 |   | 27.5 |   |
|                      |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                            |   |              |   |                                       |   |   |   |   |   |   |   |
| HOLLY SENIOR              |   | 909,762                        |   | 36,882                      |   | 1,139,044                                        |   | 71,930                                                |   | 36,882                       |   | 1,210,974                       |   | 1,247,856         |   | 532,487                                    |   | Oct-90 |   | Nov-90 |   | 27.5 |   |

 

F-87

----

 
| **Description**        |   | **Encumbr-  ances**            |   | **Initial cost to company** |   | **Cost capitalized  subsequent to  acquisition** |   | **Gross amount at which carried  at close of period** |   | **Accumulated depreciation** |   | **Date of  construction** |   | **Date acquired** |   | **Life on which depreciation is  computed** |   |
|------------------------|--------|--------------------------------|--------|-----------------------------|--------|--------------------------------------------------|--------|-------------------------------------------------------|--------|------------------------------|--------|--------------------------------|--------|-------------------|--------|---------------------------------------------|--------|
| **Land**               |   | **Buildings and improvements** |   | **Improvements**            |   | **Land**                                         |   | **Buildings and improvements**                        |   | **Total**                    |
| IVAN WOODS             |   | 2,019,904                      |   | 275,000                     |   | 4,347,328                                        |   | 68,604                                                |   | 275,000                      |   | 4,415,932                      |   | 4,690,932         |   | 1,905,228                                   |   | Apr-91 |   | Feb-91 |   | 5-27.5 |   |
|                   |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| KAPLAN MANOR           |   | 920,585                        |   | 66,000                      |   | 1,106,192                                        |   | 108,934                                               |   | 66,000                       |   | 1,215,126                      |   | 1,281,126         |   | 334,101                                     |   | Dec-90 |   | Dec-90 |   | 7-40 |   |
|                   |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| LAKEWOOD               |   | 946,209                        |   | 53,100                      |   | 1,162,254                                        |   | 60,611                                                |   | 53,100                       |   | 1,222,865                      |   | 1,275,965         |   | 332,530                                     |   | May-91 |   | Jan-91 |   | 5-27.5 |   |
|                   |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| LICKING ASSOCIATES     |   | 402,647                        |   | 14,000                      |   | 316,889                                          |   | 176,342                                               |   | 14,000                       |   | 493,231                        |   | 507,231           |   | 183,782                                     |   | Mar-92 |   | Nov-91 |   | 5-27.5 |   |
|                   |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| LONDON ARMS            |   | 2,666,959                      |   | 37,500                      |   | 3,479,332                                        |   | (10,504                                               | )      | 37,500                       |   | 3,468,828                      |   | 3,506,328         |   | 1,388,946                                   |   | Dec-90 |   | Dec-90 |   | 5-27.5 |   |
|                   |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| MAIDU                  |   | 1,937,506                      |   | 56,500                      |   | 4,890,261                                        |   | 309,590                                               |   | 56,500                       |   | 5,199,851                      |   | 5,256,351         |   | 2,070,897                                   |   | Dec-91 |   | Mar-91 |   | 7-27.5 |   |
|                   |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| MANNING PROPERTIES     |   | 832,256                        |   | 44,125                      |   | 1,015,703                                        |   | 10,816                                                |   | 44,125                       |   | 1,026,519                      |   | 1,070,644         |   | 447,675                                     |   | Nov-90 |   | Nov-90 |   | 5-27.5 |   |
|                   |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| METTER                 |   | 1,454,553                      |   | 44,500                      |   | 1,770,511                                        |   | 8,298                                                 |   | 45,141                       |   | 1,778,809                      |   | 1,823,950         |   | 607,449                                     |   | May-93 |   | Dec-92 |   | 5-27.5 |   |
|                   |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| NEVADA MANOR           |   | 642,116                        |   | 50,000                      |   | 782,543                                          |   | 15,978                                                |   | 50,000                       |   | 798,521                        |   | 848,521           |   | 374,085                                     |   | Oct-90 |   | Nov-90 |   | 5-27.5 |   |
|                   |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| NEWNAN APTS.           |   | 1,694,432                      |   | 92,706                      |   | 4,128,942                                        |   | (241,002                                              | )      | 92,706                       |   | 3,887,940                      |   | 3,980,646         |   | 1,736,353                                   |   | Oct-90 |   | Dec-90 |   | 5-27.5 |   |
|                   |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| OATKA VILLIAGE         |   | 911,081                        |   | 35,000                      |   | 1,151,205                                        |   | 27,028                                                |   | 35,000                       |   | 1,178,233                      |   | 1,213,233         |   | 521,935                                     |   | Jun-90 |   | Nov-90 |   | 5-27.5 |   |
|                   |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| RPI #18 L.P.           |   | 1,221,708                      |   | 100                         |   | 1,776,840                                        |   | 123,538                                               |   | 100                          |   | 1,900,378                      |   | 1,900,478         |   | 778,745                                     |   | Dec-90 |   | Dec-90 |   | 5-27.5 |   |
|                   |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| SIERRA SPRINGS         |   | 1,165,878                      |   | 52,290                      |   | 1,448,815                                        |   | 59,724                                                |   | 52,387                       |   | 1,508,539                      |   | 1,560,926         |   | 402,046                                     |   | Nov-90 |   | Nov-90 |   | 5-27.5 |   |
|                   |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| SOUTH FORK             |   | 1,466,842                      |   | 100,000                     |   | 1,782,527                                        |   | 38,579                                                |   | 100,000                      |   | 1,821,106                      |   | 1,921,106         |   | 556,723                                     |   | Feb-91 |   | Feb-91 |   | 5-27.5 |   |
|                   |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| TWIN OAKS OF ALLENDALE |   | 775,508                        |   | 71,305                      |   | 951,711                                          |   | (155,350                                              | )      | 71,305                       |   | 796,361                        |   | 867,666           |   | 341,194                                     |   | Sep-90 |   | Dec-90 |   | 5-27.5 |   |
|                   |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| WASHINGTON             |   | 949,392                        |   | 55,050                      |   | 1,150,878                                        |   | 60,994                                                |   | 55,050                       |   | 1,211,872                      |   | 1,266,922         |   | 332,347                                     |   | Mar-91 |   | Jan-91 |   | 7-40 |   |
|                   |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| WILDRIDGE              |   | 1,381,385                      |   | 156,576                     |   | 1,617,243                                        |   | 46,689                                                |   | 156,576                      |   | 1,663,932                      |   | 1,820,508         |   | 686,411                                     |   | Apr-91 |   | Jan-91 |   | 7-27.5 |   |
|                   |   |                           |   |                        |   |                                             |   |                                                  |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
|                   |   | 49,888,508                     |   | 3,238,933                   |   | 76,652,246                                       |   | 4,044,309                                             |   | 3,234,637                    |   | 80,696,555                     |   | 83,931,192        |   | 30,792,353                                  |   |   |   |   |   |   |   |

 

Since the Operating Partnershipsmaintain a calendar year end, the information reported on this schedule is asof December 31, 2001.

There we no carrying costs as ofDecember 31, 2001. The Column has been omitted for presentation purposes.

 

F-88

----

 

Notes toSchedule III

 

BostonCapital Tax Credit Fund II Limited Partnership – Series 11

 

Reconciliation of Land, Building & Improvements current yearchanges

 
| Balance at  beginning of period – 4/1/92 |   |      |       | $      | 75,467,308 |   |
|-----------------------------------------------|--------|-----------|------------|--------|------------|--------|
| Additions  during period:                     |   |      |       |   |       |
| Acquisitions  through foreclosure             |   | $         | 0          |   |       |   |
| Other  acquisitions                           |   | 44,500    |       |   |       |
| Improvements,  etc                            |   | 862,272   |       |   |       |
| Other                                         |   | 0         |       |   |       |
|                                          |   |      |       | $      | 906,772    |   |
| Deductions  during period:                    |   |      |       |   |       |
| Cost of real  estate sold                     |   | $         | (1,343,477 | )      |       |   |
| Other*                                        |   | (188,348  | )          |   |       |
|                                          |   |      |       | $      | (1,531,825 | )      |
| Balance at  close of period – 3/31/93    |   |      |       | $      | 74,842,255 |   |
| Additions during  period:                     |   |      |       |   |       |
| Acquisitions  through foreclosure             |   | $         | 0          |   |       |   |
| Other  acquisitions                           |   | 5,762,741 |       |   |       |
| Improvements,  etc                            |   | 1,962,905 |       |   |       |
| Other                                         |   | 0         |       |   |       |
|                                          |   |      |       | $      | 7,725,646  |   |
|                                          |   |      |       |   |       |
| Deductions  during period:                    |   |      |       |   |       |
| Cost of real  estate sold                     |   | $         | 0          |   |       |   |
| Other                                         |   | 0         |       |   |       |
|                                          |   |      |       | $      | 0          |   |
|                                          |   |      |       | $      | 82,567,901 |   |
| Balance at  close of period – 3/31/94    |   |      |       |   |       |
| Additions  during period:                     |   |      |       |   |       |
| Acquisitions  through foreclosure             |   | $         | 0          |   |       |   |
| Other  acquisitions                           |   | 1,297,882 |       |   |       |
| Improvements,  etc                            |   | 0         |       |   |       |
| Other                                         |   | 0         |       |   |       |
|                                          |   |      |       | $      | 1,297,882  |   |
| Deductions  during period:                    |   |      |       |   |       |
| Cost of real  estate sold                     |   | 0         |       |   |       |
| Other                                         |   | 0         |       |   |       |
|                                          |   |      |       | $      | 0          |   |
| Balance at  close of period – 3/31/95    |   |      |       | $      | 83,865,783 |   |
|                                               |        |           |            |        |            |        |  |  |

 

F-89

----

 
| Balance at close of period – 3/31/95  |   |       |   | $          | 83,865,783 |   |
|--------------------------------------------|--------|------------|--------|------------|------------|--------|
| Additions  during period:                  |   |       |   |       |       |
| Acquisitions  through foreclosure          |   | $          | 0      |       |       |   |
| Other  acquisitions                        |   | 0          |   |       |       |
| Improvements,  etc                         |   | 81,256     |   |       |       |
| Other                                      |   | 0          |   |       |       |
|                                       |   |       |   | $          | 81,256     |   |
| Deductions  during period:                 |   |       |   |       |       |
| Cost of real  estate sold                  |   | $          | 0      |       |       |   |
| Other                                      |   | (1,209,041 | )      |       |       |
|                                       |   |       |   | (1,209,041 | )          |
| Balance at  close of period – 3/31/96 |   |       |   | $          | 82,737,998 |   |
| Additions  during period:                  |   |       |   |       |       |
| Acquisitions  through foreclosure          |   | $          | 0      |       |       |   |
| Other  acquisitions                        |   | 0          |   |       |       |
| Improvements,  etc                         |   | 125,078    |   |       |       |
| Other                                      |   | 0          |   |       |       |
|                                       |   |       |   | $          | 125,078    |   |
| Deductions  during period:                 |   |       |   |       |       |
| Cost of real  estate sold                  |   | $          | 0      |       |       |   |
| Other                                      |   | 0          |   |       |       |
|                                       |   |       |   | 0          |       |
| Balance at  close of period – 3/31/97 |   |       |   | $          | 82,863,076 |   |
| Additions  during period:                  |   |       |   |       |       |
| Acquisitions  through foreclosure          |   | $          | 0      |       |       |   |
| Other  acquisitions                        |   | 0          |   |       |       |
| Improvements,  etc                         |   | 121,624    |   |       |       |
| Other                                      |   | 0          |   |       |       |
|                                       |   |       |   | $          | 121,624    |   |
| Deductions  during period:                 |   |       |   |       |       |
| Cost of real  estate sold                  |   | $          | 0      |       |       |   |
| Other                                      |   | 0          |   |       |       |
|                                       |   |       |   | 0          |       |
| Balance at  close of period – 3/31/98 |   |       |   | $          | 82,984,700 |   |

 

F-90

----

 
| Balance at  close of period – 3/31/98 |   |    |   | $      | 82,984,700 |   |
|--------------------------------------------|--------|---------|--------|--------|------------|--------|
| Additions  during period:                  |   |    |   |   |       |
| Acquisitions  through foreclosure          |   | $       | 0      |   |       |   |
| Other  acquisitions                        |   | 0       |   |   |       |
| Improvements,  etc                         |   | 178,906 |   |   |       |
| Other                                      |   | 0       |   |   |       |
|                                       |   |    |   | $      | 178,906    |   |
| Deductions  during period:                 |   |    |   |   |       |
| Cost of real  estate sold                  |   | $       | 0      |   |       |   |
| Other                                      |   | 0       |   |   |       |
|                                       |   |    |   | 0      |       |
| Balance at  close of period – 3/31/99 |   |    |   | $      | 83,163,606 |   |
| Additions during period:                   |   |    |   |   |       |
| Acquisitions  through foreclosure          |   | $       | 0      |   |       |   |
| Other  acquisitions                        |   | 0       |   |   |       |
| Improvements,  etc                         |   | 451,423 |   |   |       |
| Other                                      |   | 0       |   |   |       |
|                                       |   |    |   | $      | 451,423    |   |
| Deductions  during period:                 |   |    |   |   |       |
| Cost of real  estate sold                  |   | $       | 0      |   |       |   |
| Other                                      |   | 0       |   |   |       |
|                                       |   |    |   | 0      |       |
| Balance at  close of period – 3/31/00 |   |    |   | $      | 83,615,029 |   |
| Additions  during period:                  |   |    |   |   |       |
| Acquisitions  through foreclosure          |   | $       | 0      |   |       |   |
| Other  acquisitions                        |   | 0       |   |   |       |
| Improvements,  etc                         |   | 86,609  |   |   |       |
| Other                                      |   | 0       |   |   |       |
|                                       |   |    |   | $      | 86,609     |   |
|                                       |   |    |   |   |       |
| Deductions  during period:                 |   |    |   |   |       |
| Cost of real  estate sold                  |   | $       | 0      |   |       |   |
| Other                                      |   | 0       |   |   |       |
|                                       |   |    |   | 0      |       |
| Balance at  close of period – 3/31/01 |   |    |   | $      | 83,701,638 |   |

 

F-91

----

 
| Balance at close of period – 3/31/01  |   |    |   | $      | 83,701,638 |   |
|--------------------------------------------|--------|---------|--------|--------|------------|--------|
| Additions  during period:                  |   |    |   |   |       |
| Acquisitions  through foreclosure          |   | $       | 0      |   |       |   |
| Other  acquisitions                        |   | 0       |   |   |       |
| Improvements,  etc                         |   | 229,554 |   |   |       |
| Other                                      |   | 0       |   |   |       |
|                                       |   |    |   | $      | 229,554    |   |
| Deductions  during period:                 |   |    |   |   |       |
| Cost of real  estate sold                  |   | $       | 0      |   |       |   |
| Other                                      |   | 0       |   |   |       |
|                                       |   |    |   | 0      |       |
| Balance at  close of period – 3/31/02 |   |    |   | $      | 83,931,192 |   |

 

F-92

----

 

Reconciliation of Accumulated Depreciation current year changes

 
| Balance at  beginning of period – 4/1/92 |   |   |      | $      | 2,602,158  |   |
|-----------------------------------------------|--------|--------|-----------|--------|------------|--------|
|                                          |   |   |      |   |       |
| Current year  expense                         |   | $      | 2,916,577 |   |       |   |
|                                          |   |   |      |   |       |
| Balance at  close of period – 3/31/93    |   |   |      | $      | 5,518,735  |   |
|                                          |   |   |      |   |       |
| Current year  expense                         |   | $      | 2,946,686 |   |       |   |
|                                          |   |   |      |   |       |
| Balance at  close of period – 3/31/94    |   |   |      | $      | 8,465,421  |   |
|                                          |   |   |      |   |       |
| Current year  expense                         |   | $      | 4,159,331 |   |       |   |
|                                          |   |   |      |   |       |
| Balance at  close of period – 3/31/95    |   |   |      | $      | 12,624,752 |   |
|                                          |   |   |      |   |       |
| Current year  expense                         |   | $      | 1,693,850 |   |       |   |
|                                          |   |   |      |   |       |
| Balance at  close of period – 3/31/96    |   |   |      | $      | 14,318,602 |   |
|                                          |   |   |      |   |       |
| Current year  expense                         |   | $      | 2,889,737 |   |       |   |
|                                          |   |   |      |   |       |
| Balance at  close of period – 3/31/97    |   |   |      | $      | 17,208,339 |   |
|                                          |   |   |      |   |       |
| Current year  expense                         |   | $      | 2,903,701 |   |       |   |
|                                          |   |   |      |   |       |
| Balance at  close of period – 3/31/98    |   |   |      | $      | 20,112,040 |   |
|                                          |   |   |      |   |       |
| Current year  expense                         |   | $      | 2,772,892 |   |       |   |
|                                          |   |   |      |   |       |
| Balance at  close of period – 3/31/99    |   |   |      | $      | 22,884,932 |   |
|                                          |   |   |      |   |       |
| Current year  expense                         |   | $      | 2,681,634 |   |       |   |
|                                          |   |   |      |   |       |
| Balance at  close of period – 3/31/00    |   |   |      | $      | 25,566,566 |   |
|                                          |   |   |      |   |       |
| Current year  expense                         |   | $      | 2,650,726 |   |       |   |
|                                          |   |   |      |   |       |
| Balance at  close of period – 3/31/01    |   |   |      | $      | 28,217,292 |   |
|                                          |   |   |      |   |       |
| Current year  expense                         |   | $      | 2,575,061 |   |       |   |
|                                          |   |   |      |   |       |
| Balance at  close of period – 3/31/02    |   |   |      | $      | 30,792,353 |   |

 

F-93

----

 
| **Description**         |   | **Encum-  brances**            |   | **Initial cost to company** |   | **Cost capitalized subsequent to acquisition** |   | **Gross amount at which carried at close of period** |   | **Accumulated depreciation** |   | **Date of  construction** |   | **Date acquired** |   | **Life on which depreciation is  computed** |   |
|-------------------------|--------|--------------------------------|--------|-----------------------------|--------|------------------------------------------------|--------|------------------------------------------------------|--------|------------------------------|--------|--------------------------------|--------|-------------------|--------|---------------------------------------------|--------|
| **Land**                |   | **Buildings and improvements** |   | **Improvements**            |   | **Land**                                       |   | **Buildings and improvements**                       |   | **Total**                    |
| AUTUMNWOOD  VILLAGE     |   | 1,004,442                      |   | 40,777                      |   | 371,734                                        |   | 905,141                                              |   | 40,777                       |   | 1,276,875                      |   | 1,317,652         |   | 477,076                                     |   | Apr-92 |   | Oct-91 |   | 5-27.5 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| BB&L ENTERPRISES    |   | 516,925                        |   | 24,000                      |   | 648,985                                        |   | 8,857                                                |   | 24,000                       |   | 657,842                        |   | 681,842           |   | 211,895                                     |   | Mar-91 |   | May-91 |   | 5-40 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| BOWMAN VILLAGE          |   | 659,868                        |   | 17,000                      |   | 848,107                                        |   | 2,299                                                |   | 17,000                       |   | 850,406                        |   | 867,406           |   | 335,905                                     |   | Oct-91 |   | Jun-91 |   | 5-27.5 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| BRANDYWOOD              |   | 1,695,556                      |   | 86,029                      |   | 3,313,958                                      |   | (3,369                                               | )      | 86,029                       |   | 3,310,589                      |   | 3,396,618         |   | 1,442,538                                   |   | Sep-91 |   | Dec-91 |   | 5-27.5 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| BRIARWICK               |   | 1,224,452                      |   | 95,079                      |   | 1,587,073                                      |   | 8,855                                                |   | 95,079                       |   | 1,595,928                      |   | 1,691,007         |   | 469,083                                     |   | Apr-91 |   | Apr-91 |   | 5-40 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| BUCKSPORT               |   | 1,359,565                      |   | 71,500                      |   | 1,683,768                                      |   | 94,523                                               |   | 71,500                       |   | 1,778,291                      |   | 1,849,791         |   | 579,275                                     |   | Aug-91 |   | Jun-91 |   | 7-27.5 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| BURKESVILLE             |   | 728,395                        |   | 40,000                      |   | 897,118                                        |   | 530                                                  |   | 40,000                       |   | 897,648                        |   | 937,648           |   | 235,499                                     |   | Sep-91 |   | Jun-91 |   | 5-27.5 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| CALIFORNIA VII          |   | 8,616,407                      |   | 820,000                     |   | 9,361,922                                      |   | 16,316,690                                           |   | 803,050                      |   | 25,678,612                     |   | 26,481,662        |   | 5,831,558                                   |   | Dec-93 |   | Oct-92 |   | 5-27.5 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| CANANCHE CREEK          |   | 1,224,824                      |   | 66,200                      |   | 1,515,813                                      |   | 46,500                                               |   | 66,200                       |   | 1,562,313                      |   | 1,628,513         |   | 383,818                                     |   | Jun-91 |   | May-91 |   | 5-27.5 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| CARSON VILLAGE          |   | 646,586                        |   | 30,000                      |   | 193,264                                        |   | 619,992                                              |   | 30,000                       |   | 813,256                        |   | 843,256           |   | 298,750                                     |   | Jun-92 |   | Oct-91 |   | 5-27.5 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| CLARKSON PROP           |   | 739,464                        |   | 36,000                      |   | 932,918                                        |   | 0                                                    |   | 36,000                       |   | 932,918                        |   | 968,918           |   | 244,415                                     |   | Jul-91 |   | Jun-91 |   | 7-27.5 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| CLYMER HOUSE            |   | 1,106,510                      |   | 20,000                      |   | 1,387,091                                      |   | 76,267                                               |   | 20,000                       |   | 1,463,358                      |   | 1,483,358         |   | 483,797                                     |   | Oct-91 |   | Jun-91 |   | 5-27.5 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| CORCORAN INVESTMENT     |   | 1,511,794                      |   | 75,000                      |   | 1,976,455                                      |   | 0                                                    |   | 75,000                       |   | 1,976,455                      |   | 2,051,455         |   | 488,581                                     |   | Nov-90 |   | Feb-91 |   | 5-50 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| CORNISH PARK            |   | 1,443,007                      |   | 67,390                      |   | 1,761,946                                      |   | 130,828                                              |   | 68,500                       |   | 1,892,774                      |   | 1,961,274         |   | 647,278                                     |   | Jun-91 |   | Jun-91 |   | 5-27.5 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| CRESCENT CITY           |   | 1,848,694                      |   | 211,000                     |   | 2,297,055                                      |   | (14,590                                              | )      | 211,000                      |   | 2,282,465                      |   | 2,493,465         |   | 596,068                                     |   | Mar-91 |   | Mar-91 |   | 5-50 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| DALLAS II               |   | 1,427,067                      |   | 230,059                     |   | 3,194,199                                      |   | 19,302                                               |   | 230,059                      |   | 3,213,501                      |   | 3,443,560         |   | 1,430,175                                   |   | Oct-90 |   | Mar-91 |   | 7-27.5 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| EARLIMART               |   | 1,334,367                      |   | 90,000                      |   | 1,711,424                                      |   | 827                                                  |   | 90,000                       |   | 1,712,251                      |   | 1,802,251         |   | 422,941                                     |   | Jun-91 |   | Jun-91 |   | 5-50 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| EVANWOOD                |   | 748,040                        |   | 36,000                      |   | 929,102                                        |   | 456                                                  |   | 32,400                       |   | 929,558                        |   | 961,958           |   | 270,698                                     |   | May-91 |   | Jun-91 |   | 5-27.5 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| FORT SMITH              |   | 739,073                        |   | 87,500                      |   | 2,089,062                                      |   | 0                                                    |   | 87,500                       |   | 2,089,062                      |   | 2,176,562         |   | 678,274                                     |   | Aug-94 |   | Sep-93 |   | 7-27.5 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| FRANKLIN II             |   | 1,473,415                      |   | 50,000                      |   | 1,864,100                                      |   | 6,949                                                |   | 50,000                       |   | 1,871,049                      |   | 1,921,049         |   | 805,315                                     |   | Nov-90 |   | Apr-91 |   | 7-27.5 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| FRANKLIN HSE APARTMENTS |   | 285,710                        |   | 1,000                       |   | 812,706                                        |   | 2,742                                                |   | 1,000                        |   | 815,448                        |   | 816,448           |   | 296,878                                     |   | Jan-88 |   | May-93 |   | 5-27.5 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| HAMILTON VILLAGE        |   | 564,376                        |   | 18,943                      |   | 368,532                                        |   | 347,165                                              |   | 18,943                       |   | 715,697                        |   | 734,640           |   | 273,418                                     |   | Mar-92 |   | Oct-91 |   | 5-27.5 |   |
|                    |   |                           |   |                        |   |                                           |   |                                                 |   |                         |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| HUNTERS PARK            |   | 1,398,326                      |   | 92,750                      |   | 1,650,083                                      |   | 13,889                                               |   | 92,750                       |   | 1,663,972                      |   | 1,756,722         |   | 394,611                                     |   | Apr-91 |   | May-91 |   | 5-27.5 |   |

 

F-94

----

 
| **Description**  |   | **Encumbr-  ances**             |   | **Initial cost to company** |   | **Cost capitalized subsequent to acquisition** |   | **Gross amount at which carried  at close of period** |   | **Accumulated  depreciation** |   | **Date of  construction** |   | **Date acquired** |   | **Life on which depreciation is  computed** |   |
|------------------|--------|---------------------------------|--------|-----------------------------|--------|------------------------------------------------|--------|-------------------------------------------------------|--------|-------------------------------|--------|---------------------------|--------|-------------------|--------|---------------------------------------------|--------|
| **Land**         |   | **Buildings and  improvements** |   | **Improvements**            |   | **Land**                                       |   | **Buildings and  improvements**                       |   | **Total**                     |   |
| IVAN WOODS       |   | 2,019,904                       |   | 275,000                     |   | 4,347,328                                      |   | 68,604                                                |   | 275,000                       |   | 4,415,932                 |   | 4,690,932         |   | 1,905,228                                   |   | Apr-91 |   | Feb-91 |   | 5-27.5 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| JESUP            |   | 600,869                         |   | 19,375                      |   | 427,265                                        |   | 382,416                                               |   | 19,375                        |   | 809,681                   |   | 829,056           |   | 310,898                                     |   | Jul-92 |   | Jan-91 |   | 5-27.5 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| LAKERIDGE        |   | 908,833                         |   | 34,832                      |   | 1,103,517                                      |   | 11,684                                                |   | 34,832                        |   | 1,115,201                 |   | 1,150,033         |   | 457,707                                     |   | Apr-91 |   | Mar-91 |   | 5-50 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| LAUREL VILLAGE   |   | 655,927                         |   | 15,145                      |   | 256,421                                        |   | 570,278                                               |   | 15,145                        |   | 826,699                   |   | 841,844           |   | 310,689                                     |   | May-92 |   | Oct-91 |   | 5-27.5 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| LOS CABALLOS     |   | 742,406                         |   | 53,886                      |   | 1,006,731                                      |   | 1,700                                                 |   | 26,943                        |   | 1,008,431                 |   | 1,035,374         |   | 283,768                                     |   | Aug-91 |   | Jul-91 |   | 5-27.5 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| MARLBORO         |   | 828,803                         |   | 26,176                      |   | 1,032,404                                      |   | 14,776                                                |   | 26,176                        |   | 1,047,180                 |   | 1,073,356         |   | 457,177                                     |   | Feb-91 |   | Mar-91 |   | 5-27.5 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| MELVILLES        |   | 884,643                         |   | 18,500                      |   | 1,103,074                                      |   | 81,260                                                |   | 18,500                        |   | 1,184,334                 |   | 1,202,834         |   | 303,555                                     |   | Oct-91 |   | Jul-91 |   | 7-40 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| NANTY GLO        |   | 1,463,281                       |   | 35,000                      |   | 1,869,757                                      |   | 72,436                                                |   | 35,000                        |   | 1,942,193                 |   | 1,977,193         |   | 632,617                                     |   | Jul-91 |   | Jun-91 |   | 5-27.5 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| NEWNAN II        |   | 1,694,432                       |   | 92,706                      |   | 3,868,800                                      |   | 19,140                                                |   | 92,706                        |   | 3,887,940                 |   | 3,980,646         |   | 1,736,353                                   |   | Oct-90 |   | Mar-91 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| NYE COUNTY       |   | 1,352,698                       |   | 60,000                      |   | 1,694,731                                      |   | 5,023                                                 |   | 60,000                        |   | 1,699,754                 |   | 1,759,754         |   | 724,889                                     |   | Apr-91 |   | May-91 |   | 5-27.5 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| OAKLEIGH         |   | 905,623                         |   | 57,500                      |   | 553,121                                        |   | 590,266                                               |   | 57,500                        |   | 1,143,387                 |   | 1,200,887         |   | 289,726                                     |   | Mar-92 |   | Aug-91 |   | 7-40 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| OAKWOOD          |   | 899,410                         |   | 52,000                      |   | 782,736                                        |   | 391,141                                               |   | 52,000                        |   | 1,173,877                 |   | 1,225,877         |   | 294,637                                     |   | Jan-92 |   | Aug-91 |   | 7-40 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| PARKWOOD         |   | 2,869,661                       |   | 316,667                     |   | 4,358,381                                      |   | 204,068                                               |   | 316,667                       |   | 4,562,449                 |   | 4,879,116         |   | 1,867,707                                   |   | May-91 |   | Mar-91 |   | 5-27.5 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| PORTALES ESTATES |   | 1,427,614                       |   | 66,500                      |   | 1,777,470                                      |   | 21,093                                                |   | 66,500                        |   | 1,798,563                 |   | 1,865,063         |   | 773,507                                     |   | Jul-91 |   | Jul-91 |   | 5-27.5 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| PRAIRIE WEST     |   | 493,859                         |   | 65,000                      |   | 983,964                                        |   | 15,051                                                |   | 73,306                        |   | 999,015                   |   | 1,072,321         |   | 428,784                                     |   | Sep-95 |   | Mar-91 |   | 5-27.5 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| RIDGEWAY COURT   |   | 895,108                         |   | 48,500                      |   | 1,039,377                                      |   | 21,716                                                |   | 48,500                        |   | 1,061,093                 |   | 1,109,593         |   | 427,667                                     |   | Jan-91 |   | Apr-91 |   | 5-27.5 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| RIVER REACH      |   | 1,354,522                       |   | 118,750                     |   | 1,656,515                                      |   | 15,846                                                |   | 118,750                       |   | 1,672,361                 |   | 1,791,111         |   | 679,003                                     |   | May-91 |   | May-91 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| ROCKMOOR         |   | 557,983                         |   | 30,000                      |   | 521,541                                        |   | 153,533                                               |   | 30,000                        |   | 675,074                   |   | 705,074           |   | 147,826                                     |   | Mar-91 |   | May-91 |   | 5-27.5 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| RPI #22          |   | 551,125                         |   | 0                           |   | 1,177,719                                      |   | 18,689                                                |   | 0                             |   | 1,196,408                 |   | 1,196,408         |   | 467,691                                     |   | Jul-91 |   | Jun-91 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| SCOTT CITY       |   | 594,126                         |   | 13,000                      |   | 764,225                                        |   | (285                                                  | )      | 13,000                        |   | 763,940                   |   | 776,940           |   | 209,399                                     |   | Nov-91 |   | Jun-91 |   | 5-27.5 |   |
|             |   |                            |   |                        |   |                                           |   |                                                  |   |                          |   |                      |   |              |   |                                        |   |   |   |   |   |   |   |
| SHAWNEE RIDGE    |   | 661,717                         |   | 53,650                      |   | 801,129                                        |   | 9,637                                                 |   | 53,650                        |   | 810,766                   |   | 864,416           |   | 201,871                                     |   | May-91 |   | May-91 |   | 5-27.5 |   |

 

F-95

----

 
| **Description**  |   | **Encum-  brances**             |   | **Initial cost to company** |   | **Cost  capitalized  subsequent  to  acquisition** |   | **Gross amount at which carried  at close of period** |   | **Accumulated  depreciation** |   | **Date of   construction** |   | **Date  acquired** |   | **Life on which  depreciation  is computed** |   |
|------------------|--------|---------------------------------|--------|-----------------------------|--------|----------------------------------------------------|--------|------------------------------------------------------------|--------|-------------------------------|--------|----------------------------|--------|--------------------|--------|----------------------------------------------|--------|
| **Land**         |   | **Buildings and  improvements** |   | **Improvements**            |   | **Land**                                           |   | **Buildings and  improvements**                            |   | **Total**                     |
| SPRINGFIELD      |   | 4,147,405                       |   | 775,955                     |   | 9,620,653                                          |   | (412,958                                                   | )      | 775,955                       |   | 9,207,695                  |   | 9,983,650          |   | 3,484,818                                    |   | Jun-91 |   | Jul-91 |   | 5-27.5 |   |
|             |   |                            |   |                        |   |                                               |   |                                                       |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
| STONEGATE MANOR  |   | 1,001,516                       |   | 76,000                      |   | 1,265,168                                          |   | 6,788                                                      |   | 76,000                        |   | 1,271,956                  |   | 1,347,956          |   | 537,367                                      |   | Dec-90 |   | May-91 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                               |   |                                                       |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
| TURNER LANE      |   | 715,355                         |   | 31,530                      |   | 882,974                                            |   | 1,750                                                      |   | 31,530                        |   | 884,724                    |   | 916,254            |   | 359,227                                      |   | Jul-91 |   | May-91 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                               |   |                                                       |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
| UNION BAPTIST    |   | 394,206                         |   | 0                           |   | 1,151,557                                          |   | (371,966                                                   | )      | 0                             |   | 779,591                    |   | 779,591            |   | 362,041                                      |   | Apr-91 |   | May-91 |   | 5-27.5 |   |
|             |   |                            |   |                        |   |                                               |   |                                                       |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
| VILLAS LAKERIDGE |   | 527,484                         |   | 47,952                      |   | 605,356                                            |   | 809                                                        |   | 47,952                        |   | 606,165                    |   | 654,117            |   | 248,222                                      |   | Mar-91 |   | Mar-91 |   | 5-27.5 |   |
|             |   |                            |   |                        |   |                                               |   |                                                       |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
| WAYNESBORO       |   | 1,359,878                       |   | 50,000                      |   | 1,455,507                                          |   | 23,764                                                     |   | 50,000                        |   | 1,479,271                  |   | 1,529,271          |   | 603,609                                      |   | Jan-91 |   | Apr-91 |   | 5-27.5 |   |
|             |   |                            |   |                        |   |                                               |   |                                                       |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
| WINDSOR II       |   | 727,162                         |   | 51,178                      |   | 887,455                                            |   | 12,163                                                     |   | 51,178                        |   | 899,618                    |   | 950,796            |   | 394,023                                      |   | Nov-90 |   | Apr-91 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                               |   |                                                       |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
| WOODCREST        |   | 704,044                         |   | 42,000                      |   | 883,702                                            |   | 39,271                                                     |   | 42,000                        |   | 922,973                    |   | 964,973            |   | 240,917                                      |   | Nov-91 |   | Jun-91 |   | 7-40 |   |
|             |   |                            |   |                        |   |                                               |   |                                                       |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
| WOODSIDE         |   | 1,145,139                       |   | 19,383                      |   | 1,378,829                                          |   | 65,771                                                     |   | 19,383                        |   | 1,444,600                  |   | 1,463,983          |   | 660,989                                      |   | Mar-91 |   | Apr-91 |   | 5/40 |   |
|             |   |                            |   |                        |   |                                               |   |                                                       |   |                          |   |                       |   |               |   |                                         |   |   |   |   |   |   |   |
|             |   | 65,381,596                      |   | 4,852,412                   |   | 90,653,822                                         |   | 20,617,317                                                 |   | 4,814,335                     |   | 111,271,139                |   | 116,085,474        |   | 37,099,758                                   |   |   |   |   |   |   |   |

 

Since the Operating Partnershipsmaintain a calendar year end, the information reported on this schedule is asof December 31, 2001.

There we no carrying costs as ofDecember 31, 2001. The Column has been omitted for presentation purposes.

 

F-96

----

 

Notes to Schedule III

 

Boston Capital Tax Credit Fund II LimitedPartnership – Series 12

 

Reconciliation of Land, Building &Improvements current year changes

 
| Balance at beginning of period – 4/1/92 |   |       |   | $      | 79,690,665  |   |
|----------------------------------------------|--------|------------|--------|--------|-------------|--------|
| Additions  during period:                    |   |       |   |   |        |
| Acquisitions  through foreclosure            |   | $          | 0      |   |        |   |
| Other  acquisitions                          |   | 9,428,122  |   |   |        |
| Improvements,  etc                           |   | 7,164,766  |   |   |        |
| Other                                        |   | 0          |   |   |        |
|                                         |   |       |   | $      | 16,592,888  |   |
| Deductions  during period:                   |   |       |   |   |        |
| Cost of real  estate sold                    |   | $          | 0      |   |        |   |
| Other*                                       |   | 0          |   |   |        |
|                                         |   |       |   | $      | 0           |   |
| Balance at  close of period – 3/31/93   |   |       |   | $      | 96,283,553  |   |
| Additions  during period:                    |   |       |   |   |        |
| Acquisitions  through foreclosure            |   | $          | 0      |   |        |   |
| Other  acquisitions                          |   | 901,206    |   |   |        |
| Improvements,  etc                           |   | 16,586,367 |   |   |        |
| Other                                        |   | 0          |   |   |        |
|                                         |   |       |   | $      | 17,487,573  |   |
| Deductions  during period:                   |   |       |   |   |        |
| Cost of real  estate sold                    |   | $          | 0      |   |        |   |
| Other                                        |   | 0          |   |   |        |
|                                         |   |       |   | $      | 0           |   |
| Balance at  close of period – 3/31/94   |   |       |   | $      | 113,771,126 |   |
| Additions  during period:                    |   |       |   |   |        |
| Acquisitions  through foreclosure            |   | $          | 0      |   |        |   |
| Other  acquisitions                          |   | 0          |   |   |        |
| Improvements,  etc                           |   | 2,226,528  |   |   |        |
| Other                                        |   | 0          |   |   |        |
|                                         |   |       |   | $      | 2,226,528   |   |
| Deductions  during period:                   |   |       |   |   |        |
| Cost of real  estate sold                    |   | $          | 0      |   |        |   |
| Other                                        |   | 0          |   |   |        |
|                                         |   |       |   | $      | 0           |   |
| Balance at  close of period - 3/31/95        |   |       |   | $      | 115,997,654 |   |
|                                              |        |            |        |        |             |        |  |  |

 

F-97

----

 
| Balance at close of period – 3/31/95  |   |    |   | $      | 115,997,654 |   |
|--------------------------------------------|--------|---------|--------|--------|-------------|--------|
| Additions during period:                   |   |    |   |   |        |
| Acquisitions  through foreclosure          |   | $       | 0      |   |        |   |
| Other  acquisitions                        |   | 0       |   |   |        |
| Improvements,  etc                         |   | 231,724 |   |   |        |
| Other                                      |   | 0       |   |   |        |
|                                       |   |    |   | $      | 231,724     |   |
| Deductions  during period:                 |   |    |   |   |        |
| Cost of real  estate sold                  |   | $       | 0      |   |        |   |
| Other                                      |   | 0       |   |   |        |
|                                       |   |    |   | 0      |        |
| Balance at  close of period – 3/31/96 |   |    |   | $      | 116,229,378 |   |
| Additions  during period:                  |   |    |   |   |        |
| Acquisitions  through foreclosure          |   | $       | 0      |   |        |   |
| Other  acquisitions                        |   | 0       |   |   |        |
| Improvements,  etc                         |   | 67,052  |   |   |        |
| Other                                      |   | 0       |   |   |        |
|                                       |   |    |   | $      | 67,052      |   |
| Deductions  during period:                 |   |    |   |   |        |
| Cost of real  estate sold                  |   | $       | 0      |   |        |   |
| Other                                      |   | 0       |   |   |        |
|                                       |   |    |   | 0      |        |
| Balance at  close of period – 3/31/97 |   |    |   | $      | 116,296,430 |   |
| Additions  during period:                  |   |    |   |   |        |
| Acquisitions  through foreclosure          |   | $       | 0      |   |        |   |
| Other  acquisitions                        |   | 0       |   |   |        |
| Improvements,  etc                         |   | 141,479 |   |   |        |
| Other                                      |   | 0       |   |   |        |
|                                       |   |    |   | $      | 141,479     |   |
| Deductions during  period:                 |   |    |   |   |        |
| Cost of real  estate sold                  |   | $       | 0      |   |        |   |
| Other                                      |   | 0       |   |   |        |
|                                       |   |    |   | 0      |        |
| Balance at  close of period – 3/31/98 |   |    |   | $      | 116,437,909 |   |

 

F-98

----

 
| Balance at close of period – 3/31/98  |   |     |   | $      | 116,437,909 |   |
|--------------------------------------------|--------|----------|--------|--------|-------------|--------|
| Additions  during period:                  |   |     |   |   |        |
| Acquisitions  through foreclosure          |   | $        | 0      |   |        |   |
| Other  acquisitions                        |   | 0        |   |   |        |
| Improvements,  etc                         |   | 144,694  |   |   |        |
| Other                                      |   | 0        |   |   |        |
|                                       |   |     |   | $      | 144,694     |   |
| Deductions  during period:                 |   |     |   |   |        |
| Cost of real  estate sold                  |   | $        | 0      |   |        |   |
| Other                                      |   | 0        |   |   |        |
|                                       |   |     |   | 0      |        |
| Balance at  close of period – 3/31/99 |   |     |   | $      | 116,582,603 |   |
| Additions  during period:                  |   |     |   |   |        |
| Acquisitions  through foreclosure          |   | $        | 0      |   |        |   |
| Other  acquisitions                        |   | 0        |   |   |        |
| Improvements,  etc                         |   | (292,387 | )      |   |        |
| Other                                      |   | 0        |   |   |        |
|                                       |   |     |   | $      | (292,387)   |   |
| Deductions  during period:                 |   |     |   |   |        |
| Cost of real  estate sold                  |   | $        | 0      |   |        |   |
| Other                                      |   | 0        |   |   |        |
|                                       |   |     |   | 0      |        |
| Balance at  close of period – 3/31/00 |   |     |   | $      | 116,290,215 |   |
| Additions  during period:                  |   |     |   |   |        |
| Acquisitions  through foreclosure          |   | $        | 0      |   |        |   |
| Other  acquisitions                        |   | 0        |   |   |        |
| Improvements,  etc                         |   | (743,691 | )      |   |        |
| Other                                      |   | 0        |   |   |        |
|                                       |   |     |   | $      | (743,691)   |   |
| Deductions  during period:                 |   |     |   |   |        |
| Cost of real  estate sold                  |   | $        | 0      |   |        |   |
| Other                                      |   | 0        |   |   |        |
|                                       |   |     |   | 0      |        |
| Balance at  close of period – 3/31/01 |   |     |   | $      | 115,546,524 |   |

 

F-99

----

 
| Balance at close of period – 3/31/01  |   |    |   | $      | 115,546,524 |   |
|--------------------------------------------|--------|---------|--------|--------|-------------|--------|
| Additions  during period:                  |   |    |   |   |        |
| Acquisitions  through foreclosure          |   | $       | 0      |   |        |   |
| Other  acquisitions                        |   | 0       |   |   |        |
| Improvements,  etc                         |   | 538,950 |   |   |        |
| Other                                      |   | 0       |   |   |        |
|                                       |   |    |   | $      | 538,950     |   |
| Deductions  during period:                 |   |    |   |   |        |
| Cost of real  estate sold                  |   | $       | 0      |   |        |   |
| Other                                      |   | 0       |   |   |        |
|                                       |   |    |   | 0      |        |
| Balance at  close of period – 3/31/02 |   |    |   | $      | 116,085,474 |   |

 

F-100

----

 

Reconciliation of Accumulated Depreciationcurrent year changes

 
| Balance at beginning of period – 4/1/92 |   |   |      | $      | 2,036,741  |   |
|----------------------------------------------|--------|--------|-----------|--------|------------|--------|
|                                         |   |   |      |   |       |
| Current year expense                         |   | $      | 3,141,623 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/93   |   |   |      | $      | 5,178,364  |   |
|                                         |   |   |      |   |       |
| Current year expense                         |   | $      | 3,409,630 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/94   |   |   |      | $      | 8,587,994  |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 4,171,394 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/95   |   |   |      | $      | 12,759,388 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 4,116,629 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/96   |   |   |      | $      | 16,876,017 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 3,687,191 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/97   |   |   |      | $      | 20,563,208 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 3,611,359 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/98   |   |   |      | $      | 24,174,567 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 3,513,077 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/99   |   |   |      | $      | 27,687,644 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 3,220,274 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/00   |   |   |      | $      | 30,907,918 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 2,820,392 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/01   |   |   |      | $      | 33,728,310 |   |
|                                         |   |   |      |   |       |
| Current year  expense                        |   | $      | 3,371,448 |   |       |   |
|                                         |   |   |      |   |       |
| Balance at  close of period – 3/31/02   |   |   |      | $      | 37,099,758 |   |
|                                              |        |        |           |        |            |        |  |  |  |  |  |  |  |

 

F-101

----

 

Boston Capital Tax Credit FundII Limited Partnership – Series 14

Schedule III – Real Estate andAccumulated Depreciation

March 31, 2002

 
| **Description**     |   | **Encum-  brances**             |   | **Initial cost to company** |   | **Cost   capitalized   subsequent   to acquisition** |   | **Gross amount at which carried   at close of period** |   | **Accumulated  depreciation** |   | **Date of    construction** |   | **Date   acquired** |   | **Life on which depreciation is computed** |   |
|---------------------|--------|---------------------------------|--------|-----------------------------|--------|------------------------------------------------------|--------|--------------------------------------------------------|--------|-------------------------------|--------|----------------------------------|--------|---------------------|--------|--------------------------------------------|--------|
| **Land**            |   | **Buildings and  improvements** |   | **Improvements**            |   | **Land**                                             |   | **Buildings and  improvements**                        |   | **Total**                     |
| ADA VILLAGE         |   | 1,023,322                       |   | 125,997                     |   | 1,201,080                                            |   | 0                                                      |   | 125,997                       |   | 1,201,080                        |   | 1,327,077           |   | 359,097                                    |   | Nov-93 |   | Jan-93 |   | 5-30 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| AMHERST             |   | 1,581,256                       |   | 60,000                      |   | 1,920,734                                            |   | 1,445                                                  |   | 60,000                        |   | 1,922,179                        |   | 1,982,179           |   | 738,316                                    |   | Jan-92 |   | Jan-92 |   | 7-27.5 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| BECKWOOD MANOR      |   | 1,256,302                       |   | 35,000                      |   | 1,569,743                                            |   | 49,758                                                 |   | 35,000                        |   | 1,619,501                        |   | 1,654,501           |   | 610,603                                    |   | Oct-92 |   | May-92 |   | 5-27.5 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| BELMONT VILLAGE     |   | 917,651                         |   | 64,312                      |   | 1,073,695                                            |   | 84,426                                                 |   | 64,312                        |   | 1,158,121                        |   | 1,222,433           |   | 323,719                                    |   | Dec-91 |   | Jan-92 |   | 7-27.5 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| BETHEL PARK         |   | 1,476,175                       |   | 265,800                     |   | 1,310,374                                            |   | 522,002                                                |   | 117,500                       |   | 1,832,376                        |   | 1,949,876           |   | 521,417                                    |   | Mar-92 |   | Dec-91 |   | 5-40 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| BLANCHARD VILLAGE   |   | 214,320                         |   | 42,000                      |   | 727,225                                              |   | (473,334                                               | )      | 23,726                        |   | 253,891                          |   | 277,617             |   | 84,153                                     |   | Sep-91 |   | Oct-91 |   | 7-40 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| BLANCHARD SENIOR    |   | 592,190                         |   | 42,000                      |   | 730,704                                              |   | 33,871                                                 |   | 42,000                        |   | 764,575                          |   | 806,575             |   | 190,162                                    |   | Jul-93 |   | Jan-93 |   | 5-30 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| BRANTWOOD           |   | 1,133,527                       |   | 55,500                      |   | 1,382,381                                            |   | 15,061                                                 |   | 55,500                        |   | 1,397,442                        |   | 1,452,942           |   | 559,259                                    |   | Sep-91 |   | Jul-91 |   | 7-27.5 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| BRECKENRIDGE        |   | 860,260                         |   | 21,500                      |   | 1,181,178                                            |   | 1,652                                                  |   | 21,500                        |   | 1,182,830                        |   | 1,204,330           |   | 348,492                                    |   | Mar-92 |   | Jan-92 |   | 7-27.5 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| BRIARWOOD II        |   | 1,478,312                       |   | 90,000                      |   | 1,785,580                                            |   | (192,233                                               | )      | 90,000                        |   | 1,593,347                        |   | 1,683,347           |   | 573,221                                    |   | Apr-92 |   | Feb-92 |   | 7-27.5 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| BRIDGE COALITION    |   | 0                               |   | 0                           |   | 695,990                                              |   | 161,305                                                |   | 0                             |   | 857,295                          |   | 857,295             |   | 276,911                                    |   | Dec-91 |   | Jan-92 |   | 27.5 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| BUCHANAN            |   | 719,051                         |   | 63,275                      |   | 833,561                                              |   | 35,252                                                 |   | 63,275                        |   | 868,813                          |   | 932,088             |   | 381,185                                    |   | Oct-90 |   | Jul-91 |   | 7-27.5 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| CALIFORNIA  INV V   |   | 5,314,755                       |   | 401,411                     |   | 10,824,261                                           |   | 34,554                                                 |   | 401,411                       |   | 10,858,815                       |   | 11,260,226          |   | 3,617,256                                  |   | Mar-90 |   | Aug-92 |   | 7-27.5 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| CALIFORNIA  INV VII |   | 8,616,407                       |   | 820,000                     |   | 9,361,922                                            |   | 16,316,690                                             |   | 803,050                       |   | 25,678,612                       |   | 26,481,662          |   | 5,831,558                                  |   | Dec-93 |   | Oct-92 |   | 7-27.5 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| CAPITAL HOUSING     |   | 1,439,183                       |   | 178,000                     |   | 3,131,389                                            |   | 82,880                                                 |   | 178,000                       |   | 3,214,269                        |   | 3,392,269           |   | 1,260,330                                  |   | Jan-91 |   | Aug-91 |   | 7-27.5 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| CAPITOL ONE         |   | 688,098                         |   | 35,000                      |   | 883,508                                              |   | 470                                                    |   | 35,000                        |   | 883,978                          |   | 918,978             |   | 261,400                                    |   | Aug-95 |   | Mar-95 |   | 5-27.5 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| CARLETON COURT      |   | 2,854,920                       |   | 94,360                      |   | 3,954,231                                            |   | 227,920                                                |   | 94,360                        |   | 4,182,151                        |   | 4,276,511           |   | 1,187,096                                  |   | Dec-91 |   | Dec-91 |   | 7-34 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| CARRIAGE RUN        |   | 1,304,670                       |   | 83,980                      |   | 1,046,960                                            |   | 561,229                                                |   | 83,980                        |   | 1,608,189                        |   | 1,692,169           |   | 609,510                                    |   | Apr-92 |   | Oct-91 |   | 7-27.5 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| CEDARWOOD           |   | 1,403,571                       |   | 61,698                      |   | 1,477,659                                            |   | 234,950                                                |   | 61,698                        |   | 1,712,609                        |   | 1,774,307           |   | 402,629                                    |   | Jan-92 |   | Oct-91 |   | 7-27.5 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| CENTRAL VALLEY      |   | 1,808,096                       |   | 141,353                     |   | 2,170,282                                            |   | 0                                                      |   | 141,353                       |   | 2,170,282                        |   | 2,311,635           |   | 493,917                                    |   | Dec-91 |   | Jan-92 |   | 5-50 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| CHAPARRAL           |   | 689,768                         |   | 38,972                      |   | 863,939                                              |   | 3,510                                                  |   | 38,972                        |   | 867,449                          |   | 906,421             |   | 202,878                                    |   | Jul-91 |   | Aug-91 |   | 7-50 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| COLLEGE GREEN       |   | 3,727,860                       |   | 225,000                     |   | 6,774,847                                            |   | 72,062                                                 |   | 225,000                       |   | 6,846,909                        |   | 7,071,909           |   | 1,807,838                                  |   | Aug-95 |   | Mar-95 |   | 5-27.5 |   |
|                |   |                            |   |                        |   |                                                 |   |                                                   |   |                          |   |                             |   |                |   |                                       |   |   |   |   |   |   |   |
| COLORADO CITY       |   | 537,773                         |   | 30,000                      |   | 608,138                                              |   | 49,956                                                 |   | 30,000                        |   | 658,094                          |   | 688,094             |   | 168,675                                    |   | Oct-91 |   | Oct-91 |   | 7-40 |   |

 

F-102

----

 
| **Description**          |   | **Encumbr-  ances**            |   | **Initial cost to company** |   | **Cost capitalized   subsequent to   acquisition** |   | **Gross amount at which carried    at close of period** |   | **Accumulated   depreciation** |   | **Date of  construction** |   | **Date acquired** |   | **Life on which  depreciation is computed** |   |
|--------------------------|--------|--------------------------------|--------|-----------------------------|--------|----------------------------------------------------|--------|--------------------------------------------------------------|--------|--------------------------------|--------|--------------------------------|--------|-------------------|--------|---------------------------------------------|--------|
| **Land**                 |   | **Buildings and improvements** |   | **Improvements**            |   | **Land**                                           |   | **Buildings and  improvements**                              |   | **Total**                      |
| COTTONWOOD               |   | 649,040                        |   | 40,000                      |   | 775,242                                            |   | 3,710                                                        |   | 40,000                         |   | 778,952                        |   | 818,952           |   | 201,457                                     |   | Jul-91 |   | Oct-91 |   | 7-40 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| CRYSTAL SPRINGS          |   | 1,293,407                      |   | 60,000                      |   | 1,574,032                                          |   | 23,144                                                       |   | 60,000                         |   | 1,597,176                      |   | 1,657,176         |   | 473,270                                     |   | Jan-92 |   | Jan-92 |   | 7-27.5 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| DAVIS VILLAGE            |   | 1,151,284                      |   | 55,000                      |   | 1,456,778                                          |   | 0                                                            |   | 55,000                         |   | 1,456,778                      |   | 1,511,778         |   | 441,013                                     |   | Sep-93 |   | Jan-93 |   | 5-30 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| DERBY HOUSING            |   | 1,669,998                      |   | 165,000                     |   | 3,451,914                                          |   | 59,393                                                       |   | 165,000                        |   | 3,511,307                      |   | 3,676,307         |   | 1,377,823                                   |   | Sep-91 |   | Jun-91 |   | 7-27.5 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| DEVENWOOD                |   | 864,103                        |   | 76,000                      |   | 1,215,772                                          |   | 5,118                                                        |   | 76,000                         |   | 1,220,890                      |   | 1,296,890         |   | 441,219                                     |   | Jan-93 |   | Jul-92 |   | N/A |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| DUNCAN VILLAGE           |   | 1,115,141                      |   | 83,875                      |   | 1,391,226                                          |   | 775                                                          |   | 83,875                         |   | 1,392,001                      |   | 1,475,876         |   | 410,643                                     |   | Nov-93 |   | Jan-93 |   | 5-30 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| EDISON VILLAGE           |   | 1,185,698                      |   | 46,536                      |   | 1,425,180                                          |   | 51,952                                                       |   | 46,536                         |   | 1,477,132                      |   | 1,523,668         |   | 567,966                                     |   | Feb-92 |   | Jul-91 |   | 7-27.5 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| EXCELSIOR                |   | 617,982                        |   | 70,000                      |   | 704,252                                            |   | 10,279                                                       |   | 70,000                         |   | 714,531                        |   | 784,531           |   | 321,090                                     |   | Apr-91 |   | Feb-92 |   | 7-27.5 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| FOUR OAKS HOUSING        |   | 885,050                        |   | 48,000                      |   | 1,063,004                                          |   | 4,179                                                        |   | 73,083                         |   | 1,067,183                      |   | 1,140,266         |   | 389,390                                     |   | Jun-92 |   | Mar-92 |   | 7-27.5 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| FRANKLIN VISTA           |   | 920,293                        |   | 49,520                      |   | 1,130,261                                          |   | 9,495                                                        |   | 49,520                         |   | 1,139,756                      |   | 1,189,276         |   | 301,436                                     |   | Apr-92 |   | Jan-92 |   | 7-27.5 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| FRIENDSHIP               |   | 1,427,350                      |   | 195,314                     |   | 1,639,123                                          |   | 167,493                                                      |   | 213,230                        |   | 1,806,616                      |   | 2,019,846         |   | 879,842                                     |   | Jun-91 |   | Jan-92 |   | 7-27.5 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| GLENHAVEN PARK           |   | 632,477                        |   | 195,000                     |   | 834,120                                            |   | (64,904                                                      | )      | 195,000                        |   | 769,216                        |   | 964,216           |   | 248,804                                     |   | Jun-89 |   | Jan-94 |   | 5-27.5 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| HARRISON CITY            |   | 1,467,086                      |   | 35,521                      |   | 1,792,881                                          |   | 109,449                                                      |   | 35,521                         |   | 1,902,330                      |   | 1,937,851         |   | 708,091                                     |   | Sep-92 |   | Jul-92 |   | 7-27.5 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| HAVEN PARK PTRS II       |   | 478,594                        |   | 225,000                     |   | 1,045,411                                          |   | 742                                                          |   | 225,000                        |   | 1,046,153                      |   | 1,271,153         |   | 473,555                                     |   | Jun-89 |   | Jan-94 |   | 5-27.5 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| HAVEN PARK PRTS III      |   | 481,049                        |   | 225,000                     |   | 1,177,089                                          |   | 742                                                          |   | 225,000                        |   | 1,177,831                      |   | 1,402,831         |   | 346,186                                     |   | Dec-89 |   | Jan-94 |   | 5-27.5 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| HAVEN PARK PTRS  IV |   | 386,792                        |   | 180,000                     |   | 874,413                                            |   | 742                                                          |   | 180,000                        |   | 875,155                        |   | 1,055,155         |   | 248,896                                     |   | Jun-90 |   | Jan-94 |   | 5-27.5 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| HESSMER                  |   | 901,453                        |   | 35,000                      |   | 380,289                                            |   | 811,312                                                      |   | 35,000                         |   | 1,191,601                      |   | 1,226,601         |   | 297,338                                     |   | Apr-92 |   | Dec-91 |   | 7-40 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| HILLMONT VILLAGE         |   | 876,333                        |   | 38,000                      |   | 911,697                                            |   | 164,639                                                      |   | 38,000                         |   | 1,076,336                      |   | 1,114,336         |   | 410,746                                     |   | Jan-92 |   | Sep-91 |   | 7-27.5 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| HUGHES SPRINGS           |   | 781,163                        |   | 35,000                      |   | 947,230                                            |   | 46,438                                                       |   | 35,000                         |   | 993,668                        |   | 1,028,668         |   | 245,466                                     |   | Aug-91 |   | Oct-91 |   | 7-40 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| HUNTERS RUN              |   | 1,432,859                      |   | 120,000                     |   | 1,169,479                                          |   | 557,820                                                      |   | 120,000                        |   | 1,727,299                      |   | 1,847,299         |   | 658,131                                     |   | Feb-92 |   | Dec-91 |   | 7-27.5 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| IDEPENDENCE              |   | 1,073,357                      |   | 103,901                     |   | 1,237,331                                          |   | 74,591                                                       |   | 103,901                        |   | 1,311,922                      |   | 1,415,823         |   | 530,692                                     |   | Jun-91 |   | Aug-91 |   | 7-27.5 |   |
|                     |   |                           |   |                        |   |                                               |   |                                                         |   |                           |   |                           |   |              |   |                                        |   |   |   |   |   |   |   |
| JARRATT                  |   | 824,066                        |   | 55,926                      |   | 1,028,925                                          |   | (61,475                                                      | )      | 55,926                         |   | 967,450                        |   | 1,023,376         |   | 372,395                                     |   | Dec-91 |   | Oct-91 |   | 7-27.5 |   |

 

F-103

----

 
| **Description**   |   | **Encumbr-  ances**             |   | **Initial cost to company** |   | **Cost capitalized  subsequent to  acquisition** |   | **Gross amount at which carried  at close of period** |   | **Accumulated  depreciation** |   | **Date of  construction** |   | **Date  acquired** |   | **Life on which  depreciation  is computed** | ** ** |
|-------------------|--------|---------------------------------|--------|-----------------------------|--------|--------------------------------------------------|--------|-------------------------------------------------------|--------|-------------------------------|--------|---------------------------|--------|--------------------|--------|----------------------------------------------|------------|
| **Land**          |   | **Buildings and  improvements** |   | **Improvements**            |   | **Land**                                         |   | **Buildings and  improvements**                       |   | **Total**                     |
| KILMARNOCK        |   | 779,814                         |   | 44,000                      |   | 969,309                                          |   | 0                                                     |   | 44,000                        |   | 969,309                   |   | 1,013,309          |   | 402,513                                      |       | Apr-91 |   | Jul-91 |   | 7-27.5 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| KING FISHER       |   | 162,708                         |   | 21,000                      |   | 198,768                                          |   | 0                                                     |   | 21,000                        |   | 198,768                   |   | 219,768            |   | 63,582                                       |       | Dec-93 |   | Jan-93 |   | 5-30 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| LA GAMA DEL BARIO |   | 666,429                         |   | 110,000                     |   | 1,020,084                                        |   | 46,465                                                |   | 110,000                       |   | 1,066,549                 |   | 1,176,549          |   | 359,670                                      |       | Aug-92 |   | Jun-92 |   | 7-27.5 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| LAKE ISABELLA     |   | 1,977,478                       |   | 360,000                     |   | 2,036,815                                        |   | 229,471                                               |   | 360,000                       |   | 2,266,286                 |   | 2,626,286          |   | 525,743                                      |       | Jan-92 |   | Sep-91 |   | 5-50 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| LAKEVIEW MEADOWS  |   | 1,531,918                       |   | 99,580                      |   | 2,665,491                                        |   | 32,007                                                |   | 99,580                        |   | 2,697,498                 |   | 2,797,078          |   | 1,099,324                                    |       | Jun-92 |   | Jan-92 |   | 12-40 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| LAKEWOOD TERRACE  |   | 3,581,317                       |   | 124,707                     |   | 2,257,609                                        |   | 4,629,502                                             |   | 124,707                       |   | 6,887,111                 |   | 7,011,818          |   | 2,394,331                                    |       | Aug-89 |   | Nov-93 |   | 5-27.5 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| LEXINGTON PARK    |   | 4,778,694                       |   | 500,000                     |   | 7,754,757                                        |   | 109,722                                               |   | 500,000                       |   | 7,864,479                 |   | 8,364,479          |   | 1,992,688                                    |       | Dec-93 |   | Nov-91 |   | 7-27.5 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| LEXINGTON VILLAGE |   | 206,498                         |   | 23,814                      |   | 246,703                                          |   | 0                                                     |   | 23,814                        |   | 246,703                   |   | 270,517            |   | 80,791                                       |       | Nov-93 |   | Jan-93 |   | 5-30 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| LONACONING        |   | 1,471,686                       |   | 113,305                     |   | 181,203                                          |   | 1,558,889                                             |   | 113,305                       |   | 1,740,092                 |   | 1,853,397          |   | 438,942                                      |       | Sep-92 |   | Dec-91 |   | 5-27.5 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| LOUIS ASSOCIATES  |   | 794,697                         |   | 13,720                      |   | 1,038,651                                        |   | 9,652                                                 |   | 13,720                        |   | 1,048,303                 |   | 1,062,023          |   | 337,224                                      |       | Jan-92 |   | Mar-92 |   | 7-27.5 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| MAIDU             |   | 1,937,506                       |   | 56,500                      |   | 5,108,838                                        |   | 91,013                                                |   | 56,500                        |   | 5,199,851                 |   | 5,256,351          |   | 2,070,897                                    |       | Dec-91 |   | Jan-92 |   | 7-27.5 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| MARION MANOR      |   | 995,087                         |   | 50,000                      |   | 1,237,671                                        |   | 36,530                                                |   | 50,000                        |   | 1,274,201                 |   | 1,324,201          |   | 306,173                                      |       | Jun-92 |   | Feb-92 |   | 7-27.5 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| MAYSVILLE VILLAGE |   | 214,490                         |   | 25,920                      |   | 255,681                                          |   | 0                                                     |   | 25,920                        |   | 255,681                   |   | 281,601            |   | 83,898                                       |       | Oct-93 |   | Jan-93 |   | 5-30 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| MCCOMB FAMILY     |   | 996,969                         |   | 30,000                      |   | 1,226,748                                        |   | 37,449                                                |   | 30,000                        |   | 1,264,197                 |   | 1,294,197          |   | 424,080                                      |       | Oct-91 |   | Oct-91 |   | 7-27.5 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| MONTAGUE          |   | 1,129,963                       |   | 0                           |   | 1,493,360                                        |   | 105,227                                               |   | 22,223                        |   | 1,598,587                 |   | 1,620,810          |   | 561,472                                      |       | Dec-91 |   | Dec-91 |   | 5-30 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| NAVAPAI           |   | 875,279                         |   | 53,480                      |   | 1,073,287                                        |   | 25,572                                                |   | 53,480                        |   | 1,098,859                 |   | 1,152,339          |   | 283,834                                      |       | Apr-91 |   | Jun-91 |   | 7-50 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| NEVADA CITY       |   | 3,517,433                       |   | 492,000                     |   | 3,954,179                                        |   | 135,550                                               |   | 492,000                       |   | 4,089,729                 |   | 4,581,729          |   | 902,150                                      |       | Oct-91 |   | Jan-92 |   | 5-27.5 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| NEW RIVER         |   | 1,471,179                       |   | 46,400                      |   | 1,279,522                                        |   | 519,597                                               |   | 46,400                        |   | 1,799,119                 |   | 1,845,519          |   | 497,286                                      |       | Feb-92 |   | Aug-91 |   | 7-27.5 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| NEWELLTON         |   | 930,459                         |   | 57,600                      |   | 1,161,263                                        |   | 42,690                                                |   | 57,600                        |   | 1,203,953                 |   | 1,261,553          |   | 300,860                                      |       | Apr-92 |   | Feb-92 |   | 7-40 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| OAKLAND VILLAGE   |   | 844,543                         |   | 38,400                      |   | 1,021,589                                        |   | 2,127                                                 |   | 58,014                        |   | 1,023,716                 |   | 1,081,730          |   | 365,036                                      |       | Aug-92 |   | May-92 |   | 7-27.5 |   |
|              |   |                            |   |                        |   |                                             |   |                                                  |   |                          |   |                      |   |               |   |                                         |       |   |   |   |   |   |   |
| OKEMAH VILLAGE    |   | 680,984                         |   | 27,752                      |   | 872,256                                          |   | 0                                                     |   | 27,752                        |   | 872,256                   |   | 900,008            |   | 266,357                                      |       | May-93 |   | Jan-93 |   | 7-27.5 |   |

 

F-104

----

 
| **Description**  |   | **Encumbr-  ances**             |   | **Initial cost to company** |   | **Cost  capitalized  subsequent  to acquisition** |   | **Gross amount at which carried  at close of period** |   | **Accumulated  depreciation** |   | **Date of  construction** |   | **Date  acquired** |   | **Life on which  depreciation  is computed** |   |
|------------------|--------|---------------------------------|--------|-----------------------------|--------|---------------------------------------------------|--------|-------------------------------------------------------|--------|-------------------------------|--------|---------------------------|--------|--------------------|--------|----------------------------------------------|--------|
| **Land**         |   | **Buildings and  improvements** |   | **Improvements**            |   | **Land**                                          |   | **Buildings and  improvements**                       |   | **Total**                     |
| ONE NORTHRIDGE   |   | 2,038,762                       |   | 190,000                     |   | 3,051,424                                         |   | 132,820                                               |   | 190,000                       |   | 3,184,244                 |   | 3,374,244          |   | 1,044,987                                    |   | Feb-92 |   | Jan-92 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                              |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| PARKWOOD         |   | 2,869,661                       |   | 316,667                     |   | 4,358,381                                         |   | 12,008                                                |   | 316,667                       |   | 4,370,389                 |   | 4,687,056          |   | 1,821,470                                    |   | May-91 |   | Oct-91 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                              |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| PINERIDGE        |   | 974,412                         |   | 31,500                      |   | 494,515                                           |   | 779,903                                               |   | 31,500                        |   | 1,274,418                 |   | 1,305,918          |   | 274,140                                      |   | Mar-92 |   | Oct-91 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                              |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| PITTSFIELD PARK  |   | 1,037,236                       |   | 204,900                     |   | 781,557                                           |   | 614,200                                               |   | 58,000                        |   | 1,395,757                 |   | 1,453,757          |   | 422,350                                      |   | Jun-92 |   | Dec-91 |   | 5-30 |   |
|             |   |                            |   |                        |   |                                              |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| PLANTATION IV    |   | 1,406,916                       |   | 77,000                      |   | 1,697,631                                         |   | 22,586                                                |   | 77,000                        |   | 1,720,217                 |   | 1,797,217          |   | 671,002                                      |   | Nov-91 |   | Dec-91 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                              |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| PORTVILLE SQUARE |   | 901,745                         |   | 66,206                      |   | 1,068,007                                         |   | 86,761                                                |   | 66,206                        |   | 1,154,768                 |   | 1,220,974          |   | 311,772                                      |   | Mar-92 |   | Mar-92 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                              |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| PRAGUE VILLAGE   |   | 108,754                         |   | 10,500                      |   | 157,060                                           |   | 0                                                     |   | 10,500                        |   | 157,060                   |   | 167,560            |   | 53,663                                       |   | Mar-93 |   | Jan-93 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                              |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| RAINIER MANOR    |   | 2,574,135                       |   | 521,000                     |   | 5,852,852                                         |   | 47,395                                                |   | 521,000                       |   | 5,900,247                 |   | 6,421,247          |   | 1,546,179                                    |   | Jan-93 |   | Mar-92 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                              |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| ROSENBERG        |   | 1,762,198                       |   | 452,000                     |   | 10,701,246                                        |   | (8,474,815                                            | )      | 415,000                       |   | 2,226,431                 |   | 2,641,431          |   | 322,975                                      |   | Jan-92 |   | Dec-91 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                              |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| ROSEWOOD MANOR   |   | 1,427,118                       |   | 175,000                     |   | 1,605,480                                         |   | 15,627                                                |   | 175,000                       |   | 1,621,107                 |   | 1,796,107          |   | 633,931                                      |   | Nov-91 |   | Dec-91 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                              |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| SAN JACINTO      |   | 2,352,445                       |   | 288,000                     |   | 2,694,130                                         |   | 105,463                                               |   | 288,000                       |   | 2,799,593                 |   | 3,087,593          |   | 674,025                                      |   | Oct-91 |   | Jan-92 |   | 5-50 |   |
|             |   |                            |   |                        |   |                                              |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| SCHROON LAKE     |   | 1,054,256                       |   | 78,000                      |   | 1,318,831                                         |   | 40,015                                                |   | 78,000                        |   | 1,358,846                 |   | 1,436,846          |   | 478,761                                      |   | Jan-92 |   | Nov-91 |   | 5-50 |   |
|             |   |                            |   |                        |   |                                              |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| SCOTT PARTNERS   |   | 1,072,679                       |   | 60,000                      |   | 1,171,445                                         |   | 643,475                                               |   | 60,000                        |   | 1,814,920                 |   | 1,874,920          |   | 563,606                                      |   | Nov-91 |   | Oct-91 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                              |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| SIOUX FALLS      |   | 972,906                         |   | 82,406                      |   | 2,233,596                                         |   | 45,159                                                |   | 82,406                        |   | 2,278,755                 |   | 2,361,161          |   | 904,475                                      |   | Oct-91 |   | Nov-91 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                              |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| SMITHVILLE       |   | 1,234,354                       |   | 79,790                      |   | 1,465,210                                         |   | 47,833                                                |   | 79,790                        |   | 1,513,043                 |   | 1,592,833          |   | 685,775                                      |   | May-91 |   | Feb-92 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                              |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| SOUTH FULTON     |   | 659,764                         |   | 34,000                      |   | 794,896                                           |   | 5,885                                                 |   | 34,000                        |   | 800,781                   |   | 834,781            |   | 259,437                                      |   | Aug-91 |   | Oct-91 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                              |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| STANDARDVILLE    |   | 580,497                         |   | 29,500                      |   | 691,006                                           |   | 0                                                     |   | 29,500                        |   | 691,006                   |   | 720,506            |   | 199,846                                      |   | Nov-91 |   | Apr-92 |   | 5-40 |   |
|             |   |                            |   |                        |   |                                              |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| ST BARNABAS      |   | 1,183,251                       |   | 43,335                      |   | 1,520,445                                         |   | 525                                                   |   | 43,335                        |   | 1,520,970                 |   | 1,564,305          |   | 342,760                                      |   | Dec-91 |   | Oct-91 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                              |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| SUMMERLANE       |   | 853,702                         |   | 48,700                      |   | 1,010,651                                         |   | 3,038                                                 |   | 48,700                        |   | 1,013,689                 |   | 1,062,389          |   | 398,533                                      |   | Nov-91 |   | Jul-91 |   | 7-27.5 |   |
|             |   |                            |   |                        |   |                                              |   |                                                  |   |                          |   |                      |   |               |   |                                         |   |   |   |   |   |   |   |
| TIONESTA MANOR   |   | 1,416,011                       |   | 229,850                     |   | 1,666,675                                         |   | 112,134                                               |   | 229,850                       |   | 1,778,809                 |   | 2,008,659          |   | 715,048                                      |   | Jan-92 |   | Feb-92 |   | 7-27.5 |   |

 

F-105

----

 
| **Description**    |   | **Encumbr-  ances**            |   | **Initial cost to company** |   | **Cost capitalized subsequent to acquisition** |   | **Gross amount at which carried at close of period** |   | **Accumulated depreciation** |   | **Date of  construction** |   | **Date acquired** |   | **Life on which depreciation is  computed** | ** ** |
|--------------------|--------|--------------------------------|--------|-----------------------------|--------|------------------------------------------------|--------|-----------------------------------------------------------|--------|------------------------------|--------|--------------------------------|--------|-------------------|--------|---------------------------------------------|------------|
| **Land**           |   | **Buildings and improvements** |   | **Improvements**            |   | **Land**                                       |   | **Buildings and improvements**                            |   | **Total**                    |
| TITUSVILLE         |   | 1,229,069                      |   | 85,280                      |   | 1,235,975                                      |   | 254,538                                                   |   | 85,280                       |   | 1,490,513                      |   | 1,575,793         |   | 573,815                                     |       | Jan-92 |   | Dec-91 |   | 7-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                      |   |                         |   |                           |   |              |   |                                        |       |   |   |   |   |   |   |
| TOANO III          |   | 703,524                        |   | 56,266                      |   | 874,381                                        |   | 4,960                                                     |   | 56,266                       |   | 879,341                        |   | 935,607           |   | 366,860                                     |       | Jul-91 |   | Jul-91 |   | 7-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                      |   |                         |   |                           |   |              |   |                                        |       |   |   |   |   |   |   |
| TOPSHAM            |   | 1,118,353                      |   | 135,552                     |   | 1,458,644                                      |   | 8,331                                                     |   | 135,552                      |   | 1,466,975                      |   | 1,602,527         |   | 386,701                                     |       | Aug-92 |   | Nov-91 |   | 10-40 |   |
|               |   |                           |   |                        |   |                                           |   |                                                      |   |                         |   |                           |   |              |   |                                        |       |   |   |   |   |   |   |
| TOWNVIEW           |   | 1,368,299                      |   | 87,238                      |   | 1,713,135                                      |   | 137,568                                                   |   | 87,238                       |   | 1,850,703                      |   | 1,937,941         |   | 530,404                                     |       | Oct-91 |   | Sep-91 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                      |   |                         |   |                           |   |              |   |                                        |       |   |   |   |   |   |   |
| TYRONE HOUSING     |   | 1,470,692                      |   | 138,700                     |   | 1,850,252                                      |   | 100,607                                                   |   | 49,050                       |   | 1,950,859                      |   | 1,999,909         |   | 540,579                                     |       | Jan-92 |   | Dec-91 |   | 5-40 |   |
|               |   |                           |   |                        |   |                                           |   |                                                      |   |                         |   |                           |   |              |   |                                        |       |   |   |   |   |   |   |
| VICTORIA           |   | 1,369,570                      |   | 12,500                      |   | 1,733,581                                      |   | 10,515                                                    |   | 12,500                       |   | 1,744,096                      |   | 1,756,596         |   | 647,234                                     |       | Jun-92 |   | Jan-92 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                      |   |                         |   |                           |   |              |   |                                        |       |   |   |   |   |   |   |
| VILLAGE TERRACE    |   | 693,160                        |   | 63,000                      |   | 1,529,691                                      |   | 800                                                       |   | 63,000                       |   | 1,530,491                      |   | 1,593,491         |   | 600,968                                     |       | Sep-91 |   | May-92 |   | 5-40 |   |
|               |   |                           |   |                        |   |                                           |   |                                                      |   |                         |   |                           |   |              |   |                                        |       |   |   |   |   |   |   |
| WASHINGTON         |   | 1,160,144                      |   | 72,396                      |   | 1,494,696                                      |   | 2,410                                                     |   | 72,396                       |   | 1,497,106                      |   | 1,569,502         |   | 599,730                                     |       | Aug-91 |   | Jul-91 |   | 7-27 |   |
|               |   |                           |   |                        |   |                                           |   |                                                      |   |                         |   |                           |   |              |   |                                        |       |   |   |   |   |   |   |
| WESLEY VILLAGE     |   | 1,301,167                      |   | 44,750                      |   | 347,831                                        |   | 1,260,617                                                 |   | 44,750                       |   | 1,608,448                      |   | 1,653,198         |   | 421,363                                     |       | Jun-92 |   | Oct-91 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                      |   |                         |   |                           |   |              |   |                                        |       |   |   |   |   |   |   |
| WILDWOOD           |   | 1,253,794                      |   | 94,949                      |   | 1,498,290                                      |   | 30,956                                                    |   | 94,949                       |   | 1,529,246                      |   | 1,624,195         |   | 426,645                                     |       | Oct-91 |   | Oct-91 |   | 5-40 |   |
|               |   |                           |   |                        |   |                                           |   |                                                      |   |                         |   |                           |   |              |   |                                        |       |   |   |   |   |   |   |
| WOODFIELD COMMONS  |   | 714,379                        |   | 66,533                      |   | 2,478,583                                      |   | 132,712                                                   |   | 83,066                       |   | 2,611,295                      |   | 2,694,361         |   | 738,508                                     |       | Jun-91 |   | Sep-91 |   | 12-40 |   |
|               |   |                           |   |                        |   |                                           |   |                                                      |   |                         |   |                           |   |              |   |                                        |       |   |   |   |   |   |   |
| WOODSIDE           |   | 1,203,165                      |   | 44,000                      |   | 1,472,335                                      |   | 23,638                                                    |   | 44,000                       |   | 1,495,973                      |   | 1,539,973         |   | 570,510                                     |       | Oct-91 |   | Nov-91 |   | 7-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                      |   |                         |   |                           |   |              |   |                                        |       |   |   |   |   |   |   |
| WYNNEWOOD  VILLAGE |   | 389,601                        |   | 41,987                      |   | 521,591                                        |   | 0                                                         |   | 41,987                       |   | 521,591                        |   | 563,578           |   | 168,511                                     |       | Nov-93 |   | Jan-93 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                      |   |                         |   |                           |   |              |   |                                        |       |   |   |   |   |   |   |
| YORKSHIRE          |   | 916,620                        |   | 29,265                      |   | 1,079,451                                      |   | 117,606                                                   |   | 29,265                       |   | 1,197,057                      |   | 1,226,322         |   | 472,673                                     |       | Sep-91 |   | Aug-91 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                      |   |                         |   |                           |   |              |   |                                        |       |   |   |   |   |   |   |
| ZINMASTER          |   | 1,769,691                      |   | 100,000                     |   | 3,307,709                                      |   | 24,288                                                    |   | 100,000                      |   | 3,331,997                      |   | 3,431,997         |   | 1,723,208                                   |       | Jan-88 |   | Jan-95 |   | 5-27.5 |   |
|               |   |                           |   |                        |   |                                           |   |                                                      |   |                         |   |                           |   |              |   |                                        |       |   |   |   |   |   |   |
|               |   | 133,439,203                    |   | 11,491,699                  |   | 186,719,997                                    |   | 23,760,081                                                |   | 11,135,994                   |   | 210,480,078                    |   | 221,616,072       |   | 66,004,366                                  |       |   |   |   |   |   |   |

 

Since theOperating Partnerships maintain a calendar year end, the information reportedon this schedule is as of December 31, 2001.

There weno carrying costs as of December 31, 2001. The Column has been omitted forpresentation purposes.

 

F-106

----

 

Notes to Schedule III

 

Boston Capital Tax Credit Fund II LimitedPartnership - Series 14

 

Reconciliation of Land, Building &Improvements current year changes

 
| Balance at beginning of period – 4/1/92 |   |       |   | $      | 81,648,074  |   |
|----------------------------------------------|--------|------------|--------|--------|-------------|--------|
| Additions during period:                     |   |       |   |   |        |
| Acquisitions  through foreclosure            |   | $          | 0      |   |        |   |
| Other  acquisitions                          |   | 80,920,213 |   |   |        |
| Improvements,  etc                           |   | 5,161,569  |   |   |        |
| Other                                        |   | 0          |   |   |        |
|                                         |   |       |   | $      | 86,081,782  |   |
| Deductions  during period:                   |   |       |   |   |        |
| Cost of real  estate sold                    |   | $          | 0      |   |        |   |
| Other*                                       |   | 0          |   |   |        |
|                                         |   |       |   | $      | 0           |   |
| Balance at  close of period – 3/31/93   |   |       |   | $      | 167,729,856 |   |
| Additions  during period:                    |   |       |   |   |        |
| Acquisitions  through foreclosure            |   | $          | 0      |   |        |   |
| Other  acquisitions                          |   | 2,382,316  |   |   |        |
| Improvements,  etc                           |   | 38,261,558 |   |   |        |
| Other                                        |   | 0          |   |   |        |
|                                         |   |       |   | $      | 40,643,874  |   |
| Deductions  during period:                   |   |       |   |   |        |
| Cost of real  estate sold                    |   | $          | 0      |   |        |   |
| Other                                        |   | 0          |   |   |        |
|                                         |   |       |   | $      | 0           |   |
| Balance at  close of period – 3/31/94   |   |       |   | $      | 208,373,730 |   |
| Additions  during period:                    |   |       |   |   |        |
| Acquisitions  through foreclosure            |   | $          | 0      |   |        |   |
| Other  acquisitions                          |   | 4,756,033  |   |   |        |
| Improvements,  etc                           |   | 4,399,236  |   |   |        |
| Other                                        |   | 0          |   |   |        |
|                                         |   |       |   | $      | 9,155,269   |   |
| Deductions  during period:                   |   |       |   |   |        |
| Cost of real  estate sold                    |   | $          | 0      |   |        |   |
| Other                                        |   | 0          |   |   |        |
|                                         |   |       |   | $      | 0           |   |
| Balance at  close of period – 3/31/95   |   |       |   | $      | 217,528,999 |   |

 

F-107

----

 
| Balance at close of period – 3/31/95  |   |       |   | $        | 217,528,999 |   |
|--------------------------------------------|--------|------------|--------|----------|-------------|--------|
| Additions during period:                   |   |       |   |     |        |
| Acquisitions  through foreclosure          |   | $          | 0      |     |        |   |
| Other  acquisitions                        |   | 0          |   |     |        |
| Improvements,  etc                         |   | 11,627,996 |   |     |        |
| Other                                      |   | 0          |   |     |        |
|                                       |   |       |   | $        | 11,627,996  |   |
| Deductions  during period:                 |   |       |   |     |        |
| Cost of real  estate sold                  |   | $          | 0      |     |        |   |
| Other                                      |   | (299,900   | )      |     |        |
|                                       |   |       |   | (299,900 | )           |
| Balance at  close of period – 3/31/96 |   |       |   | $        | 228,857,095 |   |
| Additions  during period:                  |   |       |   |     |        |
| Acquisitions  through foreclosure          |   | $          | 0      |     |        |   |
| Other  acquisitions                        |   | 0          |   |     |        |
| Improvements,  etc                         |   | (9,932,304 | )      |     |        |
| Other                                      |   | 0          |   |     |        |
|                                       |   |       |   | $        | (9,932,304  | )      |
| Deductions  during period:                 |   |       |   |     |        |
| Cost of real  estate sold                  |   | $          | 0      |     |        |   |
| Other                                      |   | 0          |   |     |        |
|                                       |   |       |   | 0        |        |
| Balance at  close of period – 3/31/97 |   |       |   | $        | 218,924,791 |   |
| Additions  during period:                  |   |       |   |     |        |
| Acquisitions  through foreclosure          |   | $          | 0      |     |        |   |
| Other  acquisitions                        |   | 0          |   |     |        |
| Improvements,  etc                         |   | 369,722    |   |     |        |
| Other                                      |   | 0          |   |     |        |
|                                       |   |       |   | $        | 369,722     |   |
| Deductions  during period:                 |   |       |   |     |        |
| Cost of real  estate sold                  |   | $          | 0      |     |        |   |
| Other                                      |   | 0          |   |     |        |
|                                       |   |       |   | 0        |        |
| Balance at  close of period – 3/31/98 |   |       |   | $        | 219,294,513 |   |

 

F-108

----

 
| Balance at close of period – 3/31/98  |   |     |   | $        | 219,294,513 |   |
|--------------------------------------------|--------|----------|--------|----------|-------------|--------|
| Additions during period:                   |   |     |   |     |        |
| Acquisitions  through foreclosure          |   | $        | 0      |     |        |   |
| Other  acquisitions                        |   | 0        |   |     |        |
| Improvements,  etc                         |   | 768,624  |   |     |        |
| Other                                      |   | 0        |   |     |        |
|                                       |   |     |   | $        | 768,624     |   |
| Deductions  during period:                 |   |     |   |     |        |
| Cost of real  estate sold                  |   | $        | 0      |     |        |   |
| Other                                      |   | 0        |   |     |        |
|                                       |   |     |   | 0        |        |
| Balance at  close of period – 3/31/99 |   |     |   | $        | 220,063,137 |   |
| Additions  during period:                  |   |     |   |     |        |
| Acquisitions  through foreclosure          |   | $        | 0      |     |        |   |
| Other  acquisitions                        |   | 0        |   |     |        |
| Improvements,  etc                         |   | 895,813  |   |     |        |
| Other                                      |   | 0        |   |     |        |
|                                       |   |     |   | $        | 895,813     |   |
| Deductions  during period:                 |   |     |   |     |        |
| Cost of real  estate sold                  |   | $        | 0      |     |        |   |
| Other                                      |   | 0        |   |     |        |
|                                       |   |     |   | 0        |        |
| Balance at  close of period – 3/31/00 |   |     |   | $        | 220,958,950 |   |
| Additions  during period:                  |   |     |   |     |        |
| Acquisitions  through foreclosure          |   | $        | 0      |     |        |   |
| Other  acquisitions                        |   | 0        |   |     |        |
| Improvements,  etc                         |   | 500,163  |   |     |        |
| Other                                      |   | 0        |   |     |        |
|                                       |   |     |   | $        | 500,163     |   |
| Deductions  during period:                 |   |     |   |     |        |
| Cost of real  estate sold                  |   | $        | 0      |     |        |   |
| Other                                      |   | (500,959 | )      |     |        |
|                                       |   |     |   | (500,959 | )           |
| Balance at  close of period – 3/31/01 |   |     |   | $        | 220,958,184 |   |

 

F-109

----

 
| Balance at close of period – 3/31/01  |   |    |   | $      | 220,958,184 |   |
|--------------------------------------------|--------|---------|--------|--------|-------------|--------|
| Additions during period:                   |   |    |   |   |        |
| Acquisitions  through foreclosure          |   | $       | 0      |   |        |   |
| Other  acquisitions                        |   | 0       |   |   |        |
| Improvements,  etc                         |   | 657,888 |   |   |        |
| Other                                      |   | 0       |   |   |        |
|                                       |   |    |   | $      | 657,888     |   |
| Deductions  during period:                 |   |    |   |   |        |
| Cost of real  estate sold                  |   | $       | 0      |   |        |   |
| Other                                      |   | 0       |   |   |        |
|                                       |   |    |   | 0      |        |
| Balance at  close of period – 3/31/02 |   |    |   | $      | 221,616,072 |   |

 

F-110

----

 

Reconciliation of Accumulated Depreciationcurrent year changes

 
| Balance at beginning of period – 4/1/92 |   |   |      | $      | 659,075    |   |
|----------------------------------------------|--------|--------|-----------|--------|------------|--------|
|                                         |   |   |      |   |       |   |
| Current year expense                         |   | $      | 5,383,385 |   |       |   |
|                                         |   |   |      |   |       |   |
| Balance at  close of period – 3/31/93   |   |   |      | $      | 6,042,460  |   |
|                                         |   |   |      |   |       |   |
| Current year  expense                        |   | $      | 6,562,213 |   |       |   |
|                                         |   |   |      |   |       |   |
| Balance at  close of period – 3/31/94   |   |   |      | $      | 12,604,673 |   |
|                                         |   |   |      |   |       |   |
| Current year  expense                        |   | $      | 7,623,477 |   |       |   |
|                                         |   |   |      |   |       |   |
| Balance at  close of period – 3/31/95   |   |   |      | $      | 20,228,150 |   |
|                                         |   |   |      |   |       |   |
| Current year  expense                        |   | $      | 8,161,751 |   |       |   |
|                                         |   |   |      |   |       |   |
| Balance at  close of period – 3/31/96   |   |   |      | $      | 28,389,901 |   |
|                                         |   |   |      |   |       |   |
| Current year  expense                        |   | $      | 5,335,897 |   |       |   |
|                                         |   |   |      |   |       |   |
| Balance at  close of period – 3/31/97   |   |   |      | $      | 33,725,798 |   |
|                                         |   |   |      |   |       |   |
| Current year  expense                        |   | $      | 6,688,907 |   |       |   |
|                                         |   |   |      |   |       |   |
| Balance at  close of period – 3/31/98   |   |   |      | $      | 40,414,705 |   |
|                                         |   |   |      |   |       |   |
| Current year  expense                        |   | $      | 6,624,768 |   |       |   |
|                                         |   |   |      |   |       |   |
| Balance at  close of period – 3/31/99   |   |   |      | $      | 47,039,473 |   |
|                                         |   |   |      |   |       |   |
| Current year  expense                        |   | $      | 6,550,775 |   |       |   |
|                                         |   |   |      |   |       |   |
| Balance at  close of period – 3/31/00   |   |   |      | $      | 53,590,248 |   |
|                                         |   |   |      |   |       |   |
| Current year  expense                        |   | $      | 5,968,135 |   |       |   |
|                                         |   |   |      |   |       |   |
| Balance at  close of period – 3/31/01   |   |   |      | $      | 59,558,383 |   |
|                                         |   |   |      |   |       |   |
| Current year  expense                        |   | $      | 6,445,983 |   |       |   |
|                                         |   |   |      |   |       |   |
| Balance at  close of period – 3/31/02   |   |   |      | $      | 66,004,366 |   |

 

F-111

----