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:  March 6, 2007




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