Subsidiaries of America First Multifamily Investors, L.P.

Name

Jurisdiction of Organization

Greens of Pine Glen - AmFirst LP Holding Corporation

Delaware

ATAX TEBS I, L.L.C.

Delaware

ATAX TEBS II, L.L.C.

Delaware

ATAX TEBS III, L.L.C.

Delaware

Capital Fund I, L.L.C. ATAX

Delaware

MBS Fund I, L.L.C.

Delaware

ATAX Vantage Holdings, L.L.C.

Delaware