<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report
February 6, 1996
CAPITAL REALTY INVESTORS-IV LIMITED PARTNERSHIP
--------------------------------------------------------------------------
(Exact name of registrant as specified in charter)
Maryland
--------------------------------------------------------------------------
(State or other jurisdiction of incorporation)
0-13523 52-1328767
- ------------------------- ----------------------------------
(Commission File Number) (IRS Employer Identification No.)
11200 Rockville Pike, Rockville, Maryland 20852
- ----------------------------------------- ----------------------------
(Address of principal executive offices) (Zip Code)
(301) 468-9200
--------------------------------------------------------------------------
(Registrant's telephone number, including area code)
<PAGE>
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
-----------------------------------
On May 22, 1992 and March 1, 1994, the local general partners of Clearfield
Hills I Limited Partnership (Clearfield I) and New Village Apartments North
(Village Apartments North), respectively, filed notices of intent to participate
under the Low Income Housing Preservation and Resident Home Ownership Act of
1990 (LIHPRHA). This program may provide incentives to owners of multifamily
housing who commit to operate their properties as low to moderate-income housing
permanently and who have participated under specific federal subsidy programs
(Section 236 or Section 221(d)(3)) for at least 18 years. Incentives available
under the LIHPRHA program include selling the property to qualified buyers.
On February 6, 1996, the local general partners of Clearfield I sold the
property, a 100-unit apartment project located in Clearfield, Utah, under the
LIHPRHA program to Community Housing Services-Clearfield Hills Limited
Partnership, a non-profit entity. The sale of the property generated net cash
proceeds to Capital Realty Investors-IV Limited Partnership (the Partnership) of
approximately $439,000. The proceeds were net of $1.9 million used to retire,
at a slight discount, the Partnership's purchase money note obligation with
respect to the property.
Also, on February 6, 1996, the local general partners of Village Apartments
North sold the property, a 92-unit apartment project located in Salt Lake City,
Utah, under the LIHPRHA program to Community Housing Services-New Village
Apartments North Limited Partnership, a non-profit entity. The sale of the
property generated net cash proceeds to the Partnership of approximately
$598,000. The proceeds were net of $1.396 million used to retire, at a
discount, the Partnership's purchase money note obligation with respect to the
property.
The Managing General Partner intends to retain all of the Partnership's net
sale proceeds from Clearfield I and Village Apartments North for the possible
repayment, prepayment or purchase of the Partnership's outstanding purchase
money notes related to other Local Partnerships. The General Partner of the
Partnership and/or its affiliates will not receive any fees relating to the
sales of Clearfield I and Village Apartments North.
-2-
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Capital Realty Investors-IV Limited
Partnership
(Registrant)
By: C.R.I., Inc., General Partner
February 26, 1996 /s/ Richard J. Palmer
- ------------------ By: --------------------------------------
Date Richard J. Palmer
Senior Vice President
-3-
