Exhibit 23.2

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in Registration Statement No. 333-139864 on Form S-3 of our reports dated January 28, 2006 and February 2, 2007 (which reports express an unqualified opinion), related to the 2005 and 2006 financial statements, respectively, of Woodbridge Apartments of Louisville II, L.P., appearing in this Annual Report on Form 10-K of America First Tax-Exempt Investors, L.P. for the year ended December 31, 2007.

/s/ Katz, Sapper & Miller, LLP

Indianapolis, Indiana
March 11, 2008