EXHIBIT 24POWER OF ATTORNEYPOWER OF ATTORNEY     The undersigned hereby appoints John H. Cassidy and/or Paul Beldin as his agent andattorney-in-fact for the purpose of executing and filing all reports on Form 10-K and any amendmentsthereto, relating to the year ended December 31, 2006, requiredto be filed with the Securities andExchange Commission by America First Apartment Investors, Inc.INWITNESS WHEREOF, the undersigned has executed this Power of Attorneyon the 28th day ofJanuary, 2007.                                                   /s/ Michael B. Yanney   Michael B. Yanney      
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POWER OF ATTORNEY     The undersigned hereby appoints John H. Cassidy and/or Paul Beldin as his agent andattorney-in-fact for the purpose of executing and filing all reports on Form 10-K and any amendments orsupplements thereto, relating to the year ended December 31, 2006, required to be filed with theSecurities and Exchange Commission by America First Apartment Investors, Inc.INWITNESS WHEREOF, the undersigned has executed this Power of Attorneyon the 29th day ofJanuary, 2007.                                             /s/ George J. Behringer   George J. Behringer      
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POWER OF ATTORNEY     The undersigned hereby appoints John H. Cassidy and/or Paul Beldin as his agent andattorney-in-fact for the purpose of executing and filing all reports on Form 10-K and anyamendments or supplements thereto, relating to the year endedDecember 31, 2006, required to befiled with the Securities and Exchange Commission by America First Apartment Investors, Inc.INWITNESS WHEREOF, the undersigned has executed this Power of Attorneyon the 9th day ofFebruary, 2007.                                       /s/ George V. Janzen   George V. Janzen      
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POWER OF ATTORNEY     The undersigned hereby appoints John H. Cassidy and/or Paul Beldin as his agent andattorney-in-fact for the purpose of executing and filing all reports on Form 10-K and anyamendments or supplements thereto, relating to the year ended December 31, 2006, required to befiled with the Securities and Exchange Commission by America First Apartment Investors, Inc.IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney on the 2nd day ofFebruary, 2007.                                       /s/ George H. Krauss   George H. Krauss      
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POWER OF ATTORNEY     The undersigned hereby appoints John H. Cassidy and/or Paul Beldin as his agent andattorney-in-fact for the purpose of executing and filing all reports on Form 10-K and anyamendments or supplements thereto, relating to the year ended December 31, 2006, required to befiled with the Securities and Exchange Commission by America First Apartment Investors, Inc.IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney on the 26th day ofJanuary, 2007.                                 /s/ Lisa Y. Roskens   Lisa Y. Roskens      
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POWER OF ATTORNEY     The undersigned hereby appoints John H. Cassidy and/or Paul Beldin as his agent andattorney-in-fact for the purpose of executing and filing all reports on Form 10-K and any amendments orsupplements thereto, relating to the year ended December 31, 2006, required to be filed with theSecurities and Exchange Commission by America First Apartment Investors, Inc.INWITNESS WHEREOF, the undersigned has executed this Power of Attorneyon the 25th day of January,2007.         /s/ John Schlegel   John Schlegel     
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POWER OF ATTORNEY     The undersigned hereby appoints John H. Cassidy and/or Paul Beldin as his agent andattorney-in-fact for the purpose of executing and filing all reports on Form 10-K and any amendments orsupplements thereto, relating to the year ended December 31, 2006, required to be filed with theSecurities and Exchange Commission by America First Apartment Investors, Inc.INWITNESS WHEREOF, the undersigned has executed this Power of Attorneyon the 6th day of March,2007.                                       /s/ Steven W. Seline   Steven W. Seline      
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