Exhibit 31-2
                                 CERTIFICATIONS


I, Thomas J. Riha., certify that:

1. I have reviewed this quarterly report on Form 10-Q of WNC HOUSING TAX CREDITS
   III, L.P.;

2. Based on my  knowledge,  this  quarterly  report  does not contain any untrue
   statement of a material fact or omit to state a  material fact  necessary  to
   make the statements made, in light  of the  circumstances  under  which  such
   statements were made, not  misleading  with respect to the period covered  by
   this quarterly report;

3. Based  on  my  knowledge,  the  financial  statements,  and  other  financial
   information   included  in  this  quarterly  report,  fairly present  in  all
   material respects  the financial  condition,  results of operations  and cash
   flows of the registrant as  of,  and  for,  the  periods  presented  in  this
   quarterly report;

4. The   registrant's  other  certifying  officer  and  I  are  responsible  for
   establishing and maintaining  disclosure  controls and procedures (as defined
   in Exchange Act Rules 13a-15e and 15d-15e) for  the  registrant  and we have:

   (a)  Designed  such  disclosure  controls  and  procedures,  or  caused  such
        disclosure   controls   and   procedures  to   be  designed   under  our
        supervision,  to  ensure  that  material  information  relating  to  the
        registrant,  including its consolidated subsidiaries, is made  known  to
        us by others within those entities,  particularly during  the period  in
        which this quarterly report is being prepared;

   (b)  Evaluated the  effectiveness of  the registrant's   disclosure  controls
        and procedures and presented in this  report our  conclusions  about the
        effectiveness of the disclosure controls and procedures, as  of  the end
        of the period covered by this report based on such evaluation; and

   (c)  Disclosed  in this  report  any  change  in  the  registrant's  internal
        control over financial reporting that occurred during  the  registrant's
        most  recent   fiscal  quarter  that  has  materially  affected,  or  is
        reasonably  likely  to  materially  affect,  the  registrant's  internal
        control over financial reporting; and

5. The registrant's other certifying  officer(s) and I have disclosed,  based on
   our most recent evaluation of internal control over  financial reporting,  to
   the registrant's independent registered public accounting firm and the  audit
   committee of the  registrant's board of directors (or persons performing  the
   equivalent functions):

   (a)  All significant  deficiencies and material weaknesses in  the  design or
        operation  of internal  control  over   financial  reporting  which  are
        reasonably  likely to adversely affect in  the  registrant's  ability to
        record, process, summarize and report financial information; and

   (b)  Any fraud, whether or not material,  that involves  management or  other
        employees who have a  significant  role  in  the  registrant's  internal
        control over financial reporting.

Date:   December 29, 2005




/s/ Thomas J. Riha
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Senior Vice-President - Chief Financial Officer of WNC & Associates, Inc.