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:  November 21, 2005




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