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Windsong Housing Associates, Ltd.

Schedule V: Sources Of Financing

Annual by participant

exc. construction financing Total 1987 1988 1989 1990 1991 1992 1993
Western Housing                
Lender 5,838,700   5,838,700          
Individual Limited Partner 1,369,500 102300 216975 216975 216975 216975 216975 182325
Other                
IRS                
Corporate Limited Partner 1,369,500 102300 216975 216975 216975 216975 216975 182325
March Securities & Inv.Svcs.                
General Partner                
Collins & Associates                
Special Limited Partner                
Total 8,577,700 204600 6,272,650 433950 433950 433950 433950 364650



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