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 (Date of earliest event reported):  October 30, 1998 
  
  
NATIONAL HOUSING PARTNERSHIP REALTY FUND I (a Maryland Limited Partnership) 
           (Exact name of registrant as specified in its charter) 
  
       Maryland                          0 13465               52 1358879
 (State or other jurisdiction     (Commission File Number)  (I.R.S. Employer
 of incorporation or organization)                          Identification No.)
   
                9200 Keystone Crossing 
                Suite 500 
                Indianapolis, Indiana                         46240-7602 
                (Address of principal executive offices)      (Zip Code) 
  
        Registrant's telephone, including area code:  (317) 817-7500 
  
  
                               Not Applicable 
        (Former Name or Former Address, if changed since last report)

 Item 4.   Changes in Registrant's Certifying Accountant 
  
      (a)  Previous independent accountants. 
  
           (i)  On or about October 28, 1998, National Housing Partnership
 Realty Fund I (the "Registrant") dismissed Deloitte & Touche LLP as the
 Registrant's independent accountants and engaged Ernst & Young LLP as its
 independent accountants.   
  
           (ii)   Deloitte & Touche LLP's reports on the financial
 statements of the Registrant for the past two fiscal years did not contain
 an adverse opinion or a disclaimer of opinion and were not qualified or
 modified as to uncertainty, audit scope, or accounting principles. 
  
           (iii)  The decision to change independent accountants from
 Deloitte & Touche LLP to Ernst & Young LLP was recommended by the general
 partner of the Registrant. 
  
           (iv)   During the Registrant's fiscal years ending December
 31, 1996 and December 31, 1997 and the subsequent interim period preceding
 the dismissal, there were no disagreements with Deloitte & Touche LLP on
 any matter of accounting principles or practices, financial statement
 disclosure, or auditing scope or procedure which, if not resolved to the
 satisfaction of Deloitte & Touche LLP, would have caused Deloitte & Touche
 LLP to make reference to the subject matter of the disagreement(s) in
 connection with their report. 
  
           (v)   During the periods listed in item (iv) above, there
 have been no "reportable events" (as defined in paragraph (a)(1)(v) of Item
 304 of Regulation S-K). 
  
           (vi)  The Registrant has provided Deloitte & Touche LLP with a
 copy of this disclosure and requested that Deloitte & Touche LLP furnish it
 with a letter addressed to the Securities and Exchange Commission (the
 "Commission") stating whether it agrees with the above statements. (A copy
 of the Deloitte & Touche LLP letter addressed to the Commission will be filed
 by amendment to this Form 8-K within 10 business days). 
  
      (b)  New independent accountants. 
  
           (i)  On or about the date of dismissal of Deloitte & Touche LLP,
 the Registrant engaged Ernst & Young LLP as independent accountants for the
 fiscal year ending December 31, 1998. 
  
           (ii) Prior to the appointment of Ernst & Young LLP, the
 Registrant did not engage or consult with Ernst & Young LLP regarding any
 of the matters described in Item 304(a)(2) of Regulation S-K. 
  
 Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits 
  
           (a)  Financial Statements of Business Acquired 
  
                Not applicable. 
  
           (b)  Pro Forma Financial Information 
  
                Not applicable. 
  
           (c)  Exhibits 
  
                The required letter of Deloitte & Touche LLP regarding a
           change in certifying accountant will be filed by amendment within 
           10 business days. 
  


                                 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. 
  
  
                                NATIONAL HOUSING PARTNERSHIP 
                                REALTY FUND I (a Maryland Limited Partnership)
  
  
  
                                By:  The National Housing Partnership, 
                                     its general partner 
  
  
                                By:  National Corporation for Housing 
                                     Partnerships, its general partner 
  
 Date:  October 30, 1998             By: /s/ Troy D. Butts
                            
                    
                                     _______________________________   
                                     Troy D. Butts 
                                     Senior Vice President and 
                                     Chief Financial Officer
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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 (Date of earliest event reported):  October 30, 1998 
  
  
NATIONAL HOUSING PARTNERSHIP REALTY FUND I (a Maryland Limited Partnership) 
           (Exact name of registrant as specified in its charter) 
  
       Maryland                          0 13465               52 1358879
 (State or other jurisdiction     (Commission File Number)  (I.R.S. Employer
 of incorporation or organization)                          Identification No.)
   
                9200 Keystone Crossing 
                Suite 500 
                Indianapolis, Indiana                         46240-7602 
                (Address of principal executive offices)      (Zip Code) 
  
        Registrant's telephone, including area code:  (317) 817-7500 
  
  
                               Not Applicable 
        (Former Name or Former Address, if changed since last report)

 Item 4.   Changes in Registrant's Certifying Accountant 
  
      (a)  Previous independent accountants. 
  
           (i)  On or about October 28, 1998, National Housing Partnership
 Realty Fund I (the "Registrant") dismissed Deloitte & Touche LLP as the
 Registrant's independent accountants and engaged Ernst & Young LLP as its
 independent accountants.   
  
           (ii)   Deloitte & Touche LLP's reports on the financial
 statements of the Registrant for the past two fiscal years did not contain
 an adverse opinion or a disclaimer of opinion and were not qualified or
 modified as to uncertainty, audit scope, or accounting principles. 
  
           (iii)  The decision to change independent accountants from
 Deloitte & Touche LLP to Ernst & Young LLP was recommended by the general
 partner of the Registrant. 
  
           (iv)   During the Registrant's fiscal years ending December
 31, 1996 and December 31, 1997 and the subsequent interim period preceding
 the dismissal, there were no disagreements with Deloitte & Touche LLP on
 any matter of accounting principles or practices, financial statement
 disclosure, or auditing scope or procedure which, if not resolved to the
 satisfaction of Deloitte & Touche LLP, would have caused Deloitte & Touche
 LLP to make reference to the subject matter of the disagreement(s) in
 connection with their report. 
  
           (v)   During the periods listed in item (iv) above, there
 have been no "reportable events" (as defined in paragraph (a)(1)(v) of Item
 304 of Regulation S-K). 
  
           (vi)  The Registrant has provided Deloitte & Touche LLP with a
 copy of this disclosure and requested that Deloitte & Touche LLP furnish it
 with a letter addressed to the Securities and Exchange Commission (the
 "Commission") stating whether it agrees with the above statements. (A copy
 of the Deloitte & Touche LLP letter addressed to the Commission will be filed
 by amendment to this Form 8-K within 10 business days). 
  
      (b)  New independent accountants. 
  
           (i)  On or about the date of dismissal of Deloitte & Touche LLP,
 the Registrant engaged Ernst & Young LLP as independent accountants for the
 fiscal year ending December 31, 1998. 
  
           (ii) Prior to the appointment of Ernst & Young LLP, the
 Registrant did not engage or consult with Ernst & Young LLP regarding any
 of the matters described in Item 304(a)(2) of Regulation S-K. 
  
 Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits 
  
           (a)  Financial Statements of Business Acquired 
  
                Not applicable. 
  
           (b)  Pro Forma Financial Information 
  
                Not applicable. 
  
           (c)  Exhibits 
  
                The required letter of Deloitte & Touche LLP regarding a
           change in certifying accountant will be filed by amendment within 
           10 business days. 
  

                                 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. 
  
  
                                NATIONAL HOUSING PARTNERSHIP 
                                REALTY FUND I (a Maryland Limited Partnership)
  
  
  
                                By:  The National Housing Partnership, 
                                     its general partner 
  
  
                                By:  National Corporation for Housing 
                                     Partnerships, its general partner 
  
 Date:  October 30, 1998             By: /s/ Troy D. Butts
                            
                    
                                     _______________________________   
                                     Troy D. Butts 
                                     Senior Vice President and 
                                     Chief Financial Officer