UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

 

FORM 8-K

 

 

CURRENT REPORT

 

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) January 14, 2010

 

NATIONAL TAX CREDIT PARTNERS, L. P.

(Exact name of Registrant as specified in its charter)

 

      California

  0-18541

       95-3906167

(State or other jurisdiction

(Commission

    (I.R.S. Employer

    of incorporation)

File Number)

Identification Number)

 

 

55 Beattie Place

Post Office Box 1089

Greenville, South Carolina 29602

(Address of principal executive offices)

 

 

(864) 239-1000

(Issuer's telephone number)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

 

[ ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[ ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[ ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 


 

Item 8.01   Other Events

 

National Tax Credit Partners, L.P. (the “Registrant”) holds a 99% limited partnership interest in Tyrone Elderly Limited Partnership, a Pennsylvania limited partnership (“Tyrone Elderly”).

 

As previously disclosed, on October 30, 2009, Tyrone Elderly entered into a Purchase and Sale Contract to sell its investment property, Pennsylvania House, to a third party, California Commercial Investment Group Inc., a California corporation (the “Purchaser”). 

 

On January 14, 2010, the Purchaser delivered notice to Tyrone Elderly indicating its election to terminate the Purchase and Sale Contract pursuant to its terms.

 

 


 

SIGNATURE

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

NATIONAL TAX CREDIT PARTNERS L.P.

 

By:  National Partnership Investments Corp.

General Partner

 

By:  /s/Stephen B. Waters

Stephen B. Waters

Senior Director

 

 

Date: January 15, 2010