Boston Capital Tax Credit Fund 03-Series 16 LP

Boston Capital Tax Credit Fund III, Series 16 L.P. was formed on September 19, 1991, to invest and operate apartment complexes which are expected to receive Government Assistance and qualify for low-income housing tax credit. The part- nership units ($10/unit) were offered on July 10, 1992 and terminated on Dec- ember 28, 1992. The general partner is Boston Capital Associates III L.P.