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) April 4, 2011
NATIONAL HOUSING PARTNERSHIP REALTY FUND I
(Exact name of Registrant as specified in its charter)
|
Maryland |
0-013465 |
52-1358879 |
|
(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 Housing Partnership Realty Fund I (the “Registrant”) has a 99% limited partnership interest in Hurbell IV Ltd., an Alabama limited partnership (“Hurbell”). As previously disclosed, on February 10, 2011, Hurbell entered into a Purchase and Sale Contract to sell its investment property, Talladega Downs, a 100-unit apartment complex located in Talladega, Alabama (the “Property”), to a third party, GH Capital National Housing Fund LLC, a Delaware limited liability company (the “Purchaser”), for $700,000. The sale is expected to close during May 2011.
As previously disclosed, on March 28, 2011, Hurbell and the Purchaser entered into a First Amendment to Purchase and Sale Contract pursuant to which the feasibility period was extended from March 28, 2011 to April 4, 2011.
On April 4, 2011, Hurbell and the Purchaser entered into a Second Amendment to Purchase and Sale Contract pursuant to which the feasibility period was further extended from April 4, 2011 to April 8, 2011.
The Registrant has no remaining investment balance in Hurbell at December 31, 2010 and 2009.
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 HOUSING PARTNERSHIP REALTY FUND I
By: The National Housing Partnership
General Partner
National Corporation for Housing
Partnerships
General Partner
By: /s/Stephen B. Waters
Stephen B. Waters
Senior Director of Partnership Accounting
Date: April 7, 2011