American Affordable Housing II Limited Partnership
One Boston Place
Suite 2100
Boston, MA 02108
(617) 624-8900
February 28, 200 8
Dear Unit Holder (“Unit Holder”):
In January 2008, a Consent Solicitation Statement and accompanying information regarding the proposed liquidation of American Affordable Housing II Limited Partnership (“AAH II” or the “Partnership”) were sent to you as an outstanding Unit Holder.
For your convenience, we have enclosed another copy of the consent form regarding the liquidation (the “Proxy Card”). To receive your vote, we recommend that you fax your consent form to ACS Securities Services Inc., at 214-887-7411; vote by phone, toll free at 888-332-5715; or via the internet at http://www.acssecurities.com/bc/americanaffordable2 and follow the link to the Proxy voting website. In order to vote by phone or internet you will need the unique seven-digit number printed on the enclosed Proxy Card. Or, if you choose you can mail your Proxy Card to ACS Securities Services Inc., 3988 N. Central Expressway, Dallas, TX 75204. For a complete set of voting instructions please see the “Voting Procedures” section of the Consent Solicitation Statement or call Boston Capital Investor Services toll free at 1-800-955-2733.
YOUR VOTE IS VERY IMPORTANT. FAILURE TO VOTE YOUR CONSENT WILL HAVE THE SAME EFFECT AS A VOTE AGAINST THE LIQUIDATION.
Consent cards may be sent in indefinitely, until the requisite consent is obtained or the General Partner abandons the solicitation, at its sole discretion. Consent cards, however, will only remain valid for 11 months from the time they are signed and dated. If the liquidation is approved by the holders of a majority of Units, the General Partner will enter its plan of liquidation and begin the orderly liquidation of the remaining assets held by the Partnership. If holders of a majority of Units do not approve or do not vote for the proposed liquidation, the Partnership will continue to operate.
The General Partner recommends for liquidation of the Partnership. The General Partner makes this recommendation for reasons explained in further detail in the Consent Solicitation Statement, including that liquidation of the Partnership may free suspended passive activity losses for certain Unit Holders, the properties owned by the Partnership no longer produce tax credits for the Unit Holders, and the lack of an established trading market for the Units. The liquidation will provide Unit Holders with an opportunity to dispose of their Units, which are not actively traded.
For a complete description of the proposed liquidation and reasons for our recommendation in favor of the liquidation, please see our Consent Solicitation Statement, dated January 9, 2008, filed as a definitive proxy statement with the Securities and Exchange Commission. The Consent Solicitation Statement may be accessed on the Internet through the SEC’s website at http://www.sec.gov, and is available in paper form to Unit Holders without charge upon written request to President, One Boston Place, Suite 2100, Boston, MA 02108 or by calling Boston Capital Investor Services, toll free at 1-800-955-2733.
In addition, if you have any questions or require assistance in completing or submitting your consent card, please call Boston Capital Investor Services, toll free at 1-800-955-2733.
Sincerely,

John P. Manning
President, C&M Management, Inc.,
the general partner of BCA Associates Limited Partnership,
the general partner of Boston Capital Associates Limited Partnership,
the general partner of American Affordable Housing II Limited Partnership
FORWARD-LOOKING STATEMENTS
This letter and the Consent Solicitation Statement referenced herein contain forward-looking statements. When used in this letter and the Consent Solicitation Statement, the words “may,” “believes,” “anticipates,” “expects” and similar expressions are intended to identify forward-looking statements; however, not all forward-looking statements will contain such expressions. Such statements are subject to a number of risks and uncertainties. Actual results or events in the future could differ materially from those described in the forward-looking statements as a result of intervening events and general economic conditions and other factors set forth in this Consent Solicitation Statement. We further caution recipients of this letter and the Consent Solicitation Statement that the discussion of these factors may not be exhaustive. We undertake no obligation to update any forward-looking statements that may be made to reflect any future events or circumstances.
REMINDER:
You can vote your Units by facsimile, phone or the Internet.
Please follow the instructions on the Proxy Card included with the Consent Solicitation Statement.
If you have any questions, or need assistance
In voting your Units, please contact:
Boston Capital Investor Services
toll free at 1-800-955-2733