Exhibit 23.2













            CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby  consent to the inclusion of our report dated February 24, 2005 on the
financial statements of American Church Mortgage Company as of December 31, 2004
and 2003 and for the years ended  December 31,  2004,  2003 and 2002 in the Post
Effective Amendment No 2 to Form S-11 Registration  Statement of American Church
Mortgage  Company  dated on or about  October 28, 2005 and to the reference to
our Firm under the caption "Experts" in the Prospectus included therein.


                                   /s/ Boulay, Heutmaker, Zibell & Co. P.L.L.P.
                                         Certified Public Accountants

Minneapolis, Minnesota
October 28, 2005