<ARTICLE>                     5
<LEGEND>
         This schedule contains summary financial information extracted from the
audited financial  statements of Liberty Housing Partners Limited Partnership at
and for the period  ended  December 31, 1999 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>

                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                              DEC-31-1999
<PERIOD-START>                                 JAN-01-1999
<PERIOD-END>                                   DEC-31-1999
<CASH>                                         526,940
<SECURITIES>                                   0
<RECEIVABLES>                                  0
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               567,049
<PP&E>                                         0
<DEPRECIATION>                                 0
<TOTAL-ASSETS>                                 2,042,132
<CURRENT-LIABILITIES>                          12,866,560
<BONDS>                                        648,199
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       0
<OTHER-SE>                                     (11,472,627)
<TOTAL-LIABILITY-AND-EQUITY>                   2,042,132
<SALES>                                        0
<TOTAL-REVENUES>                               247,036
<CGS>                                          0
<TOTAL-COSTS>                                  0
<OTHER-EXPENSES>                               153,550
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             1,695,878
<INCOME-PRETAX>                                0
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            0
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                2,924,123
<CHANGES>                                      0
<NET-INCOME>                                   1,321,731
<EPS-BASIC>                                    60.67
<EPS-DILUTED>                                  0