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UNITED STATES
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 the Report (Date of earliest event reported): 12/11/98
NATIONAL HOUSING TRUST LIMITED PARTNERSHIP
(A Delaware Limited Partnership)
Commission File Number
0-17669
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I.R.S. Employer Identification No. 04-2981989
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2335 North Bank Drive, Columbus, OH 43220
Registrant's Telephone Number, Including Area Code: (614) 451-9929
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Item 4. Changes in Registrant's Certifying Accountant.
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The Registrant has elected, effective December 11, 1998 to replace
Ernst & Young LLP, as its independent auditors for the fiscal year ending
December 31, 1998. The Registrant has selected Reznick Fedder & Silverman to be
its new accountants, also effective December 11, 1998. The change in
accountants has been approved by the Board of Trustees of the General Partner.
The reason for the change in accountants is that the General Partner
subjected the audit of financial statements to a bidding process involving a
number of national and regional accounting firms and concluded Reznick Fedder &
Silverman was the best overall value. The reports of Ernst & Young LLP on the
Registrant's financial statements for the past two fiscal years did not contain
an adverse or a disclaimer of opinion and were not qualified or modified as to
uncertainty, audit scope or accounting principles. In connection with the
audits of the Registrant's financial statements for each of the two fiscal years
ended December 31, 1997 and 1996 and for the subsequent interim period, there
were no disagreements with Ernst & Young LLP on any matters of accounting
principles or practices, financial statement disclosure or auditing scope or
procedures, which if not resolved to the satisfaction of Ernst & Young LLP,
would have caused Ernst & Young LLP to make reference to the matter in their
report.
The Registrant has requested Ernst & Young LLP to furnish it a letter
addressed to the Commission stating whether it agrees with the above statements.
A copy of that letter dated December 15, 1998 is filed as an Exhibit to this
Form 8-K.
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(a) Financial Statement
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Not Applicable
(b) Pro Forma Financial Information
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Not Applicable
(c) Exhibits
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Exhibit No. 16.1
Letter of Ernst & Young LLP, dated December 15, 1998
regarding change in accountants of the Registrant.
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SIGNATURES
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
National Housing Trust Limited Partnership
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(Registrant)
Date December 15, 1998 By /s/ James A. Bowman
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James A. Bowman, President
NHT, Inc., General Partner
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EXHIBIT 16.1
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EXHIBIT 16.1 TO FORM 8-K
December 15, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read Item 4 of Form 8-K dated December 15, 1998, of National Housing
Trust Limited Partnership and are in agreement with the statements contained in
the first and third paragraphs and the second and third sentences of the second
paragraph on page 2 therein. We have no basis to agree or disagree with other
statements of the registrant contained therein.
/s/ Ernst & Young LLP
Ernst & Young LLP
