March 31, 1992

Mr. Del J. Lauria
General Partner
Pine Hill Partners
32605 Twelve Mile Road Suite 350
Farmington Hills, MI 48334

RE: Loan and Participation Modification
       Pine Hill Apartments
       Howell,  Michigan

Dear Mr. Lauria:

The Investment Committee for Krupp Insured Plus Limited Partnership (KIP)
has approved the following modifications to the loan and participation
workout agreement between Pine Hill Partners (Borrower) and Krupp dated
January 7, 1992.

1.      The interest rate to KIP will be reduced to 7.0% for the four year
        workout period.  The Borrower will continue to make full payments to
        Mellon Financial pursuant to the terms of its first mortgage.  Once
        KIP receives its payment from Mellon, the difference between the
        reduced rate of 7.0% and the original rate to KIP of 8.5% will be
        rebated to the Borrower.  There will be a retroactive adjustment to
        the beginning of the workout period effective with the next rebate.

2.      The floor for shared appreciation interest, as stipulated in the
        January 7, 1992 agreement, will be $4,900,000.

3.      Any surplus cash generated by the property during the workout period,
        after payment of debt service and funding of all required monthly
        reserves, may be applied to first, to pay any property payables;
        second, for property repair and improvements; and third, funded into
        the reserve for replacement only.  During the workout period no
        surplus cash may be used of repay Borrower/owner advances.

        Borrower will submit a capital budget for review and approval by KIP, 
        prior to  the expenditure of any surplus cash for property repairs and
        improvements.

4.      During the workout period, the Borrower will be required to submit
        monthly financial and other property reports including, but not limited
        to operating statements, balance sheets, rent rolls, occupancy,
        and delinquency reports, and will be subject to quarterly
        inspections by KMC to review operations.

All other terms and conditions of the loan documents will remain in full
force and effect.

If you are in agreement with the proposed interest rate reduction and
participation modification, please acknowledge by signing below and
returning one copy to us.  Upon your acceptance of this agreement, we will
instruct our legal counsel to draft a revised Subordinated Promissory Note,
as well as other required documentation.  These documents will be sent to
you for your review.  All legal costs associated with documentation of the
loan modification will be paid by 252 Associates.

This proposed agreement shall expire on April 8, 1992.

Sincerely,

Krupp Insured Plus             Pine Hill Partners
Limited Partnership

Joanne Leary                                                                
         
Vice President                  By: Del J. Lauria
Portfolio Manager               General Partner          



cc:     Ronald Halpern
        Peter Donovan