Exhibit 21

Subsidiaries of America First Multifamily Investors, L.P.

Name		Jurisdiction of Organization
America First LP Holding Corporation II		Delaware
Greens of Pine Glen - AmFirst LP Holding Corporation		Delaware
ATAX TEBS I, L.L.C.		Delaware
ATAX Capital Fund I, L.L.C.		Delaware
ATAX MBS Fund I, L.L.C.		Delaware