FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

(Mark One)

 |X| QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                                  ACT OF 1934

                  For the quarterly period ended June 30, 2005

                                       OR

|_| TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                                   ACT OF 1934



                       Commission file number: 333-107181


                 WNC HOUSING TAX CREDIT FUND VI, L.P., Series 12
                 California                            72-1566910
                 (State or other jurisdiction of     (I.R.S. Employer
                 incorporation or organization)     Identification No.)


                              17782 Sky Park Circle
                              Irvine, CA 92614-6404
                    (Address of principal executive offices)

                                 (714) 662-5565
                               (Telephone number)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.
Yes  X      No
   -------    -------

Indicate  by check mark  whether  the  registrant  is an  accelerated  filer (as
defined in rule 12b-2 of the Exchange Act).
Yes         No   X
   -------    -------
<PAGE>



                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 12
                       (A California Limited Partnership)

                               INDEX TO FORM 10-Q

                    For the Three Months Ended June 30, 2005



PART I. FINANCIAL INFORMATION

     Item 1. Financial Statements

             Balance Sheets
              June 30, 2005 and March 31, 2005.................................3

             Statement of Operations
              For the Three Months Ended June 30, 2005 ........................4

             Statement of Partners' Equity
              For the Three Months Ended June 30, 2005 ........................5

             Statement of Cash Flows
              For the Three Months Ended June 30, 2005 ........................6

              Notes to Financial Statements....................................7

     Item 2.  Management's Discussion and Analysis of Financial
              Condition ......................................................15

     Item 3.  Quantitative and Qualitative Disclosures Above Market Risks.....16

     Item 4.  Controls and Procedures.........................................16


PART II. OTHER INFORMATION

     Item 1.  Legal Proceedings...............................................17

     Item 2.  Changes in Securities and Use of Proceed........................17

     Item 3.  Defaults Upon Senior Securities.................................17

     Item 4.  Submission of Matters to a Vote of Security Holders.............18

     Item 5.  Other Information...............................................18

     Item 6.  Exhibits........................................................18

     Signatures...............................................................19


                                       2
<PAGE>



                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 12
                       (A California Limited Partnership)

                                 BALANCE SHEETS



<TABLE>
<CAPTION>
                                                              June 30, 2005              March 31, 2005
                                                             ---------------            -----------------
                                                               (unaudited)
<S>                                                   <C>                        <C>

ASSETS

Cash                                                   $              3,845,351    $               1,883,111
Amounts due from dealers (Note 5)                                       479,000                      376,000
Investments in limited partnerships, net (Notes 2
and 3)                                                                3,288,961                    1,525,688
Prepaid acquisition fees and costs (Note 3)                             422,308                      204,306
Loans receivable (Note 6)                                               135,000                            -
                                                         ------------------------    ------------------------

                                                       $              8,170,620    $               3,989,105
                                                         ========================    ========================
LIABILITIES AND PARTNERS' EQUITY
Liabilities:
   Accrued fees and expenses due to
      General Partner and affiliates (Note 3)          $                171,929    $                 209,694
   Payables to limited partnerships (Note 4)                          1,517,592                      381,771
                                                          ------------------------    ------------------------

      Total liabilities                                               1,689,521                      591,465
                                                         ------------------------    ------------------------

Commitments and contingencies

Partners' equity
     General Partner                                                           9                          40
     Limited partners (25,000 units authorized
       7,770 and 4,084 units issued and
       outstanding at  June 30, 2005 and March
       31, 2005, respectively)                                         6,481,090                   3,397,600
                                                         ------------------------    ------------------------

     Total partners' equity                                            6,481,099                   3,397,640
                                                         ------------------------    ------------------------

                                                       $               8,170,620   $               3,989,105
                                                         ========================    ========================
</TABLE>


                 See accompanying notes to financial statements
                                       3
<PAGE>



                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 12
                       (A California Limited Partnership)

                             STATEMENT OF OPERATIONS

                    For the Three Months Ended June 30, 2005
                                   (unaudited)


<TABLE>
<CAPTION>

                                                                              2005
                                                                         Three Months
                                                                --------------------------------
<S>                                                          <C>

Interest income                                               $                               -
                                                                --------------------------------

Operating expenses:
  Amortization (Note 2)                                                                   1,991
  Asset management fees (Note 3)                                                          2,907
  Legal and accounting                                                                      500
  Organization costs                                                                     25,528
  Other                                                                                       3
                                                                --------------------------------

    Total operating expenses                                                             30,929
                                                                --------------------------------

Loss from operations                                                                    (30,929)


Net loss                                                      $                        ( 30,929)
                                                                ================================

Net loss allocated to:
  General partner                                             $                             (31)
                                                                ================================

  Limited partners                                            $                         (30,898)
                                                                ================================

Net loss per limited partnership unit                         $                           (5.25)
                                                                ================================

Outstanding weighted limited
  partner units                                                                           5,884
                                                                ================================
</TABLE>


                 See accompanying notes to financial statements
                                       4
<PAGE>



                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 12
                       (A California Limited Partnership)

                          STATEMENT OF PARTNERS' EQUITY

                    For the Three Months Ended June 30, 2005
                                   (unaudited)

<TABLE>
<CAPTION>

                                                          General              Limited
                                                          Partner              Partners                 Total
                                                       ---------------      ----------------      ------------------
<S>                                                 <C>                   <C>

Partners' equity at March 31, 2005                   $             40      $      3,397,600      $        3,397,640

Sales of Limited Partnerships units,
     net of discounts of $4,035                                     -             3,681,965               3,681,965

Less Limited Partnership units issued for
     promissory notes receivable (Note 5)                           -              (122,500)               (122,500)
Offering expenses                                                   -              (445,077)               (445,077)

Net loss                                                          (31)              (30,898)                (30,929)
                                                       ---------------      ----------------      ------------------

Partners' equity at June 30, 2005                    $              9     $       6,481,090      $        6,481,099
                                                       ===============      ================      ==================
</TABLE>


                 See accompanying notes to financial statements
                                        5
<PAGE>



                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 12
                       (A California Limited Partnership)

                             STATEMENT OF CASH FLOWS

                    For the Three Months Ended June 30, 2005
                                   (unaudited)
<TABLE>
<CAPTION>
<S>                                                                           <C>

    Cash flows from operating activities:
      Net loss                                                                 $             (30,929)
        Adjustments to reconcile net loss to net
            Cash used in operating activities:
            Amortization                                                                       1,991
            Change in due from dealers                                                      (103,000)
            Change in accrued fees and expense due to
              General Partner and affiliates                                                 (37,765)
                                                                                 --------------------


                 Net cash used in operating activities                                      (169,703)
                                                                                 --------------------

    Cash flows from investing activities:
            Investments in limited partnerships, net                                        (514,981)
            Capitalized acquisition fees and costs                                          (114,462)
            Prepaid acquisition fees and costs                                              (218,002)
            Loans receivable                                                                (135,000)
                                                                                 --------------------

                Net cash used in investing activities                                       (982,445)
                                                                                 --------------------

    Cash flows from financing activities:
            Sales of limited partnership units, net of
               contributions receivable and subscriptions
               receivable                                                                  3,559,465
            Offering expenses                                                               (445,077)
                                                                                 --------------------

                 Net cash provided by financing activities                                 3,114,388
                                                                                 --------------------

    Net increase in cash and cash equivalents                                              1,962,240

    Cash, beginning of period                                                              1,883,111
                                                                                 --------------------

    Cash, end of period                                                        $           3,845,351
                                                                                 ====================

    SIGNIFICANT NONCASH INVESTING ACTIVITIES
    Prepaid acquisition fees and expenses included within
      due to general partner and affiliates                                    $              63,630
                                                                                 ====================

    SIGNIFICANT NONCASH FINANCING ACTIVITIES
    Offering expenses included within due to general partners
       and affiliates                                                          $              99,515
                                                                                 ====================
</TABLE>
                                       6
<PAGE>



                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 12
                       (A California Limited Partnership)

                          NOTES TO FINANCIAL STATEMENTS

                    For the Three Months Ended June 30, 2005
                                   (unaudited)



NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
--------------------------------------------------------------------

General
-------

The  information  contained  in the  following  notes  to the  balance  sheet is
condensed  from that  which  would  appear in the annual  financial  statements;
accordingly, the balance sheet included herein should be reviewed in conjunction
with the March 31,  2005  audited  financial  statements.  In the opinion of the
General  Partner,   the  accompanying   unaudited  balance  sheet  contains  all
adjustments  necessary to present  fairly the financial  position as of June 30,
2005.

Organization
------------

WNC Housing Tax Credit Fund, VI, L.P., Series 12 (the  "Partnership") was formed
under the  California  Revised  Limited  Partnership  Act on July 20, 2003,  and
commenced  operations on January 21, 2005. The  Partnership was formed to invest
primarily in other limited  partnerships  or limited  liability  companies  (the
"Local Limited  Partnerships")  which will own and operate  multi-family housing
complexes  that are  eligible  for Federal  low-income  housing  and, in certain
cases, California low-income housing tax credits ("Low-Income Housing Credit").

The  general  partner of the  Partnership  is WNC  National  Partners,  LLC (the
"General  Partner".)  The  general  partner  of  the  General  Partner  is WNC &
Associates,  Inc.  ("Associates").  The chairman and the president of Associates
own  substantially  all of the  outstanding  stock of  Associates.  The  initial
limited  partner is an affiliate of Associates.  The business of the Partnership
is  conducted  primarily  through  Associates,  as the  Partnership  and General
Partner have no employees of their own.

The Partnership shall continue in full force and effect until December 31, 2065,
unless terminated prior to that date,  pursuant to the partnership  agreement or
law.

Pursuant to the  prospectus of the  Partnership  dated July 31, 2003, as amended
December 24, 2003, the  Partnership  commenced a public offering of 25,000 units
of  Limited  Partnership  Interest  ("Units"),  at a price of  $1,000  per Unit.
Holders of Units are  referred to herein as "Limited  Partners."  As of June 30,
2005,  subscriptions for 7,770 units have been accepted by the partnership.  The
required minimum offering amount of $1,400,000 was achieved by January 21, 2005.
The General Partner has a 0.1% interest in operating profits and losses, taxable
income and losses,  in cash available for distribution  form the Partnership and
tax credits. The Limited Partners will be allocated the remaining 99.9% interest
in proportion to their respective investments.

After the Limited  Partners  have received  proceeds from a sale or  refinancing
equal to their capital  contributions and their return on investment (as defined
in the  Partnership  Agreement)  and the General  Partner has received  proceeds
equal  to its  capital  contribution  and a  subordinated  disposition  fee  (as
described in Note 3) from the  remainder,  any  additional  sale or  refinancing
proceeds will be distributed 90% to the Limited Partners (in proportion to their
respective investments) and 10% to the General Partner.


                                       7
<PAGE>



                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 12
                       (A California Limited Partnership)

                     NOTES TO FINANCIAL STATEMENTS-CONTINUED

                    For the Three Months Ended June 30, 2005
                                   (unaudited)



NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued
-------------------------------------------------------------------------------

Description of Business
-----------------------

The  Partnership's  principal  business  objective  is to  provide  its  Limited
Partners with Low-Income Housing Credits.  The Partnership's  principal business
therefore  consists of investing as a limited partner or non-managing  member in
Local  Limited  Partnerships  each of which  owns and  operates  a  multi-family
housing  complex (the  "Housing  Complexes")  which  qualify for the  Low-Income
Housing Credits.  In general,  under Section 42 of the Internal Revenue Code, an
owner of low-income housing can receive the Low-Income Housing Credit to be used
to reduce  Federal  taxes  otherwise due in each year of a ten-year  period.  In
general,  under Section 17058 of the  California  Revenue and Taxation  Code, an
owner of low-income housing can receive the California Low-Income Housing Credit
to be used against  California  taxes  otherwise due in each year of a four-year
period. Each Housing Complex is subject to a fifteen-year compliance period (the
"Compliance  Period"),  and  under  state  law  may  have  to be  maintained  as
low-income housing for 30 or more years.

In general,  in order to avoid  recapture of  Low-Income  Housing  Credits,  the
Partnership  does not  expect  that it will  dispose of its  interests  in Local
Limited Partnerships ("Local Limited Partnership Interests") or approve the sale
by any Local Limited  Partnership of its Housing Complex prior to the end of the
applicable  Compliance  Period.  Because  of  (i)  the  nature  of  the  Housing
Complexes,  (ii) the  difficulty of predicting  the resale market for low-income
housing  15 or more years in the  future,  and (iii) the  ability of  government
lenders to  disapprove  of transfer,  it is not possible at this time to predict
whether the liquidation of the  Partnership's  assets and the disposition of the
proceeds,  if any, in  accordance  with the  Partnership's  Agreement of Limited
Partnership,  as amended "by Supplements thereto" (the "Partnership Agreement"),
will be able to be accomplished  promptly at the end of the 15-year period. If a
Local  Limited  Partnership  is  unable  to  sell  its  Housing  Complex,  it is
anticipated that the local general partner ("Local General Partner") will either
continue to operate such Housing Complex or take such other actions as the Local
General  Partner  believes  to be in the  best  interest  of the  Local  Limited
Partnership.  Notwithstanding the preceding, circumstances beyond the control of
the  General  Partner  or the  Local  General  Partners  may  occur  during  the
Compliance   Period,   which  would  require  the  Partnership  to  approve  the
disposition of a Housing Complex prior to the end thereof, possibly resulting in
recapture of Low-Income Housing Credits.

Risks and Uncertainties
-----------------------

An investment in the  Partnership  and the  Partnership's  investments  in Local
Limited  Partnerships  and their Housing  Complexes are subject to risks.  These
risks may impact the tax benefits of an investment in the  Partnership,  and the
amount of proceeds  available for distribution to the Limited Partners,  if any,
on liquidation of the Partnership's investments. Some of those risks include the
following:

The Low Income  Housing  Credit rules are extremely  complicated.  Noncompliance
with these rules  results in the loss of future Low Income  Housing  Credits and
the fractional  recapture of Low Income Housing  Credits  already taken. In most
cases the annual amount of Low Income Housing Credits that an individual can use
is limited to the tax  liability  due on the  person's  last  $25,000 of taxable
income.  The  Local  Limited  Partnerships  may be  unable  to sell the  Housing
Complexes  at a price  which  would  result in the  Partnership  realizing  cash
distributions or proceeds from the transaction. Accordingly, the Partnership may
be unable to distribute  any cash to its investors.  Low Income Housing  Credits
may be the only benefit from an investment in the Partnership.

The Partnership has invested in a limited number of Local Limited  Partnerships.
Such  limited  diversity  means that the  results of  operation  of each  single
Housing Complex will have a greater impact on the Partnership. With limited

                                       8
<PAGE>



                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 12
                       (A California Limited Partnership)

                     NOTES TO FINANCIAL STATEMENTS-CONTINUED

                    For the Three Months Ended June 30, 2005
                                   (unaudited)


NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued
-------------------------------------------------------------------------------

Risks and Uncertainties, continued
----------------------------------

diversity,   poor   performance   of  one  Housing   Complex  could  impair  the
Partnership's ability to satisfy its investment objectives. Each Housing Complex
is subject to mortgage  indebtedness.  If a Local Limited  Partnership failed to
pay its  mortgage,  it  could  lose  its  Housing  Complex  in  foreclosure.  If
foreclosure  were to occur during the first 15 years,  the loss of any remaining
Low Income Housing Credits,  a fractional  recapture of prior Low Income Housing
Credits, and a loss of the Partnership's investment in the Housing Complex would
occur. The Partnership is a limited partner or non-managing member of each Local
Limited Partnership.  Accordingly, the Partnership will have very limited rights
with respect to management of the Local Limited  Partnerships.  The  Partnership
will rely  totally on the Local  General  Partners.  Neither  the  Partnership's
investments in Local Limited  Partnerships,  nor the Local Limited Partnerships'
investments  in Housing  Complexes,  are readily  marketable.  To the extent the
Housing Complexes receive government financing or operating subsidies,  they may
be subject to one or more of the  following  risks:  difficulties  in  obtaining
tenants for the Housing  Complexes;  difficulties  in obtaining rent  increases;
limitations  on cash  distributions;  limitations  on  sales or  refinancing  of
Housing  Complexes;  limitations  on transfers  of  interests  in Local  Limited
Partnerships;  limitations on removal of Local General Partners;  limitations on
subsidy  programs;  and possible  changes in applicable  regulations.  Uninsured
casualties  could result in loss of property and Low Income Housing  Credits and
recapture of Low Income  Housing  Credits  previously  taken.  The value of real
estate is subject  to risks  from  fluctuating  economic  conditions,  including
employment rates, inflation,  tax, environmental,  land use and zoning policies,
supply and demand of similar  properties,  and  neighborhood  conditions,  among
others.

The  ability of Limited  Partners to claim tax losses  from the  Partnership  is
limited.  The IRS may audit the  Partnership or a Local Limited  Partnership and
challenge  the tax  treatment  of tax items.  The  amount of Low Income  Housing
Credits and tax losses  allocable to the  investors  could be reduced if the IRS
were successful in such a challenge.  The  alternative  minimum tax could reduce
tax benefits from an investment  in the  Partnership.  Changes in tax laws could
also impact the tax benefits from an investment  in the  Partnership  and/or the
value of the Housing Complexes.

No trading market for the Units exists or is expected to develop.  Investors may
be unable to sell their Units  except at a discount  and should  consider  their
Units to be a long-term  investment.  Individual investors will have no recourse
if they  disagree  with actions  authorized by a vote of the majority of Limited
Partners.

Exit Strategy
-------------

The IRS  compliance  period for  low-income  housing  tax credit  properties  is
generally  15 years from  occupancy  following  construction  or  rehabilitation
completion.  WNC was one of the first in the industry to offer investments using
the tax credit.  Now these very first programs are completing  their  compliance
period.

With that in mind, the Partnership will review the Partnership's  holdings, with
special  emphasis  on the more  mature  properties  including  those  that  have
satisfied  the  IRS  compliance  requirements.  The  Partnership's  review  will
consider many factors including  extended use requirements on the property (such
as those due to  mortgage  restrictions  or state  compliance  agreements),  the
condition of the property,  and the tax  consequences  to the investors from the
sale of the property.

Upon identifying  those  properties with the highest  potential for a successful
sale,  refinancing  or  syndication,  the  Partnership  expects to proceed  with
efforts  to  liquidate  those  properties.  The  Partnership's  objective  is to
maximize the investors' return wherever possible and,  ultimately,  to wind down
those funds that no longer  provide tax  benefits  to the Limited  Partners.  To
date, no properties in the Partnership have been selected for disposition.
                                       9
<PAGE>



                WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 12
                       (A California Limited Partnership)

                     NOTES TO FINANCIAL STATEMENTS-CONTINUED

                    For the Three Months Ended June 30, 2005
                                   (unaudited)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued
-------------------------------------------------------------------------------

Method of Accounting for Investments in Limited Partnerships
------------------------------------------------------------

The Partnership  accounts for its investments in limited  partnerships using the
equity method of  accounting,  whereby the  Partnership  adjusts its  investment
balance for its share of the Local Limited  Partnerships'  results of operations
and for any  contributions  made and  distributions  received.  The  Partnership
reviews the  carrying  amount of an  individual  investment  in a Local  Limited
Partnership for possible  impairment whenever events or changes in circumstances
indicate that the carrying  amount of such  investment  may not be  recoverable.
Recoverability  of such investment is measured by the estimated value derived by
management,  generally  consisting of the sum of the remaining future Low-Income
Housing  Credits  estimated to be allocable to the Partnership and the estimated
residual  value  to  the  Partnership.  If an  investment  is  considered  to be
impaired,  the  Partnership  reduces the carrying value of its investment in any
such Local Limited  Partnership and includes such reduction in equity in loss of
limited partnerships. The accounting policies of the Local Limited Partnerships,
generally,  are expected to be consistent with those of the  Partnership.  Costs
incurred by the Partnership in acquiring the investments are capitalized as part
of the investment account and are being amortized over 30 years (Notes 2 and 3).

Equity in losses of limited partnerships for each year and period ended March 31
will be recorded  by the  Partnership  based on nine months of reported  results
provided by the Local Limited  Partnerships  for each year ended December 31 and
on  three  months  of  results  estimated  by  management  of  the  Partnership.
Management's  estimate for the three-month period will be based on either actual
unaudited  results  reported by the Local  Limited  Partnerships  or  historical
trends in the operations of the Local Limited  Partnerships.  In instances where
acquisitions  of limited  partnership  interest  are  acquired  during the year,
equity in losses of these limited  partnerships have been based on either actual
unaudited  results  reported by the Local  Limited  Partnerships  or  historical
trends in the  operations  of the Local Limited  Partnerships.  Equity in losses
from the Local Limited  Partnerships  allocated to the  Partnership  will not be
recognized to the extent that the  investment  balance  would be adjusted  below
zero.  As soon as the  investment  balance  reaches  zero,  amortization  of the
related  costs of acquiring  the  investment  are  accelerated  to the extent of
losses available.  If the Local Limited Partnerships report net income in future
years,  the  Partnership  will resume  applying the equity method only after its
share of such net income  equals the share of net losses not  recognized  during
the period(s) the equity method was suspended.

Use of Estimates
----------------

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the  financial  statements,  and the  reported  amounts of revenues and expenses
during the reporting  period.  Actual results could materially differ from those
estimates.

Offering and Organization Expenses
----------------------------------

Offering  expenses consist of underwriting  commissions,  legal fees,  printing,
filing and recordation fees, and other costs incurred in connection with selling
limited  partnership  interests  in the  Partnership.  The  General  Partner  is
obligated to pay all offering and organization costs in excess of 13% (excluding
sales  commissions  and the dealer manager fee) of the total offering  proceeds.
Offering expenses are reflected as a reduction of partners' capital.

Organization costs are expensed as incurred by the Partnership.

                                       10
<PAGE>


                WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 12
                       (A California Limited Partnership)

                     NOTES TO FINANCIAL STATEMENTS-CONTINUED

                    For the Three Months Ended June 30, 2005
                                   (unaudited)


NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued
-------------------------------------------------------------------------------

Concentration of Credit Risk
----------------------------

At June 30, 2005, the Partnership  maintained cash balances at certain financial
institutions  in  excess  of the  federally  insured  maximum.  The  Partnership
believes it is not exposed to any significant financial risk on cash.

Net Income Loss Per Limited Partner Unit
----------------------------------------

Net income loss per limited partner unit is calculated  pursuant to Statement of
Financial  Accounting Standards No. 128, Earnings Per Share. Net income loss per
unit  includes no  dilution  and is  computed  by  dividing  income  and/or loss
available  to  limited   partners  by  the  weighted  average  number  of  units
outstanding  during the period.  Calculation of diluted net income loss per unit
is not required.

Income Taxes
------------

No provision  for income taxes has been recorded in the  accompanying  financial
statements  as any  liability  and/or  benefits  for income  taxes  flows to the
partners of the Partnership and is their obligation  and/or benefit.  For income
tax purposes the Partnership reports on a calendar year basis.

New Accounting Pronouncements
-----------------------------

As of March 31,  2004,  the  Partnership  adopted FASB  Interpretation  No. 46 -
Revised,  Consolidation  of  Variable  Interest  Entities  ("FIN46R").  FIN  46R
provides  guidance as to when a company should include the assets,  liabilities,
and  activities  of  a  variable   interest  entity  ("VIE")  in  its  financial
statements,   and  when  a  company  should  disclose   information   about  its
relationship  with a VIE. A VIE is a legal structure used to conduct  activities
or hold assets, and a VIE must be consolidated by a company if it is the primary
beneficiary  because a primary  beneficiary absorbs the majority of the entity's
expected losses, the majority of the expected residual returns, or both.

Under FIN 46R, the Local Limited  Partnerships in which the Partnership  invests
are VIEs. However,  management does not consolidate the Partnership's  interests
in these VIE's under FIN46R,  as the  Partnership  is not considered the primary
beneficiary.  Rather,  the  Partnership  currently  records  the  amount  of the
investment in the Local Limited  Partnerships  as an asset in the balance sheet,
and  recognizes  its share of Local  Limited  Partnership  income or loss in the
statement of operations.

The Partnership's balance in its investment in Local Limited Partnerships,  plus
the risk of recapture of tax credits previously recognized on these investments,
represents its maximum exposure to loss. The  Partnership's  exposure to loss is
mitigated  by  the  condition  and  financial   performance  of  the  underlying
properties,  as well as the  strength of the Local  General  Partners  and their
guarantee against credit recapture.

In May 2005, the FASB issued Statement of Financial Accounting Standards No. 154
(SFAS 154),  "Accounting  Changes and Error Corrections" which provides guidance
on the  accounting  for and  reporting of accounting  changes and  correction of
errors.  This  statement  changes the  requirements  for the  accounting for and
reporting  of a change in  accounting  principle  and  applies to all  voluntary
changes in  accounting  principle.  It also  applies to changes  required  by an
accounting pronouncement in the unusual instance that the pronouncement does not
include  specific  transition  provisions.   This  statement  is  effective  for
accounting  changes and  corrections  of errors made in fiscal  years  beginning
after December 15, 2005. The  Partnership  does not anticipate a material effect
upon the adoption of this statement.

                                       11
<PAGE>



                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 12
                       (A California Limited Partnership)

                     NOTES TO FINANCIAL STATEMENTS-CONTINUED

                    For the Three Months Ended June 30, 2005
                                   (unaudited)


NOTE 2 - INVESTMENTS IN LIMITED PARTNERSHIPS
---------------------------------------------

As of June 30, 2005, the  Partnership  acquired  limited  partnership  interests
infive  Local  Limited  Partnerships,  each of which  owns one  Housing  Complex
consisting  of an aggregate of 222  apartment  units.  As of June 30, 2005,  two
Housing  Complexes  are  operating  with  rehabilitation  occurring  around  the
existing tenants and the other one is under construction. The respective general
partners of the Local Limited  Partnerships manage the day-to-day  operations of
the entities.  Significant Local Limited Partnership  business decisions require
approval  from the  Partnership.  The  Partnership,  as a  limited  partner,  is
generally  entitled to 99.98%,  as  specified in the Local  Limited  Partnership
agreements,  of the operating profits and losses,  taxable income and losses and
tax credits of the Local Limited Partnerships.

Distributions  received by limited  partners are accounted for as a reduction of
the investment balance.  Distributions received after the investment has reached
zero are  recognized as income.  As of June 30, 2005, no investment  accounts in
Local Limited Partnerships had reached a zero balance.

The following is a summary of the equity method  activity of the  investments in
local limited partnerships as of:
<TABLE>
<CAPTION>
                                                                       June 30, 2005       March 31, 2005
                                                                       ---------------    ---------------
<S>                                                                 <C>                <C>

Investments in limited partnerships, beginning of period             $     1,525,688    $              -
Capital contributions paid, net                                              514,981             978,680
Capital contributions payable                                              1,135,821             381,771
Capitalized acquisition fees and costs                                       114,462             166,313
Amortization of capitalized acquisition fees and costs                        (1,991)             (1,076)
                                                                       ---------------    ---------------

Investments in limited partnerships, end of period                   $     3,288,961    $      1,525,688
                                                                       ===============    ===============
</TABLE>

As discussed in Note 1, the  Partnership  reports the results of its investments
in Local  Limited  Partnerships  based on their  December  31  annual  financial
statements. As all of the Local Limited Partnerships were acquired subsequent to
December 31,  2004,  combined  condensed  financial  information  from the Local
Limited  Partnership  as of December 31, 2004 is not  presented.  As of June 30,
2005 all of the Local Limited  Partnerships  are under  development and have not
commenced operations.  Accordingly, for the year ended June 30, 2005, management
estimates the Partnership's  equity in losses and/or income of the Local Limited
Partnership is $0.

NOTE 3 - RELATED PARTY TRANSACTIONS
-----------------------------------

Under the terms of the  Partnership  Agreement,  the  Partnership has paid or is
obligated to the General Partner or its affiliates for the following items:

Acquisition  fees  of 7% of the  gross  proceeds  from  the  sale  of  Units  as
compensation  for services  rendered in connection with the acquisition of Local
Limited  Partnerships.  As of June 30, 2005 and March 31, 2005, the  Partnership
incurred acquisition fees of $543,900 and $285,880, respectively. As of June 30,
2005 and  March  31,  2005,  $328,462  and  $158,905  are  included  in  prepaid
acquisition fees and costs and $215,438 and $126,975 respectively,  are included
in  investment  in  limited  partnerships.  Accumulated  amortization  of  these
capitalized and prepaid costs was $2,350 and $823, as of June 30, 2005 and March
31, 2005, respectively.


                                       12
<PAGE>



                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 12
                       (A California Limited Partnership)

                     NOTES TO FINANCIAL STATEMENTS-CONTINUED

                    For the Three Months Ended June 30, 2005
                                   (unaudited)


NOTE 3 - RELATED PARTY TRANSACTIONS, continued
----------------------------------------------

Acquisition  costs  of 2% of the  gross  proceeds  from  the  sale of Units as a
non-accountable  expense  reimbursement  in connection  with the  acquisition of
Local  Limited  Partnerships.  As of June  30,  2005 and  March  31,  2005,  the
Partnership incurred acquisition costs of $155,400 and $81,680, respectively. As
of June 30,  2005 and March 31,  2005,  $93,846  and  $45,401  were  included in
prepaid  acquisition fees and costs and $61,554 and $36,279  respectively,  were
included in  investment in limited  partnerships.  Accumulated  amortization  of
these  capitalized  and prepaid  costs was $671 and $235 as of June 30, 2005 and
March 31, 2005, respectively.

Selling  commissions  of 7% of the net  proceeds  from the sale of the  Units is
payable  to WNC  Capital  Corp.  As of June 30,  2005  and  March  31,  2005 the
Partnership incurred selling commissions of $524,300 and $274,855, respectively.

A   non-accountable   organization   and  offering  and   underwriting   expense
reimbursement,  collectively  equal to 4% of the gross proceeds from the sale of
the Units,  a dealer manager fee equal to 2% of the gross proceeds from the sale
of the Units, and reimbursement for retail selling  commissions  advanced by the
General Partner or affiliates on behalf of the Partnership.  As of June 30, 2005
and March 31, 2005, the Partnership  incurred  non-accountable  organization and
offering and  underwriting  expense  reimbursement  costs totaling  $310,800 and
$163,360,  respectively;  dealer  manager  fees  totaling  $155,400 and $81,680,
respectively.  All other organizational and offering expenses,  inclusive of the
non-accountable    organization   and   offering   and   underwriting    expense
reimbursement,  and  dealer  manager  fees,  are not to exceed  13% of the gross
proceeds from the sale of the Units.

An  annual  asset  management  fee not to  exceed  0.5% of the  invested  assets
(defined  as  the  sum  of  the   Partnership's   investment  in  Local  Limited
Partnerships,  plus the  revenues of the  Partnership  of up to 5% of gross Unit
sales  proceeds,  and the  Partnership's  allocable  share of the  amount of the
mortgage  loans on, and other debts  related to, the Housing  Complexes)  of the
Local Limited Partnerships. Management fees of $2,907 were incurred in the three
months  ended June 30, 2005.  The  Partnership  paid the General  Partner or its
affiliates $0 of these fees during the three months ended June 30, 2005.

A  subordinated  disposition  fee in an amount equal to 1% of the sales price of
real estate sold.  Payment of this fee is subordinated  to the Limited  Partners
receiving a return on investment (as defined in the  Partnership  Agreement) and
is payable only if the General Partner or its affiliates  render services in the
sales effort.  No  disposition  fees have been incurred  during the period ended
June 30, 2005.

The accrued fees and expenses due to General  Partner and affiliates  consist of
the following at June 30, 2005 and March 31, 2005.
<TABLE>
<CAPTION>

                                                                                June 30, 2005      March 31, 2005
                                                                               ----------------   ------------------
<S>                                                                          <C>                <C>

Acquisition fees payable                                                      $         14,140   $           69,440
Acquisition expenses payable                                                            49,490               19,840
Organizational and offering costs payable                                               42,420               59,520
Commissions payable                                                                     57,095               51,905
Asset management fee payable                                                             8,281                5,374
Reimbursements for expenses paid by the General Partner or an affiliate                    503                3,615
                                                                               ----------------   ------------------

                                                                              $        171,929   $          209,694
                                                                               ================   ==================
</TABLE>

                                       13
<PAGE>



                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 12
                       (A California Limited Partnership)

                     NOTES TO FINANCIAL STATEMENTS-CONTINUED

                    For the Three Months Ended June 30, 2005
                                   (unaudited)


NOTE 4 - PAYABLES TO LIMITED PARTNERSHIPS
-----------------------------------------

Payables to limited  partnerships  amounting to $1,517,592  and $381,771 at June
30, 2005 and March 31, 2005, respectively,  represents amounts, which are due at
various  times  based  on  conditions   specified  in  the  respective   limited
partnership agreements.  These contributions are payable in installments and are
generally due upon the limited  partnerships  achieving certain  development and
operating  benchmarks  (generally within two years of the Partnership's  initial
investment).

NOTE 5 - AMOUNTS DUE FROM DEALERS AND NOTES RECEIVABLE
------------------------------------------------------

As of June 30, 2005, the Partnership had received  subscriptions for 7,770 units
which  included  amounts  due from  dealers  totaling  $479,000,  of  which  all
receivable  amounts due from the dealers  were  collected  after June 30,  2005.
Limited  partners who subscribed  for ten or more units of limited  partnerships
interest  ($10,000)  could elect to pay 50% of the  purchase  price in cash upon
subscription and the remaining 50% by the delivery of a promissory note payable,
together with interest at a rate equal to the three month  treasury bill rate as
of the date of  execution  of the  promissory  note,  due no later than 9 months
after the subscription date.

NOTE 6 - LOANS RECEIVABLE
-------------------------

Loans receivable  represents  amounts loaned by the Partnership to certain Local
Limited  Partnerships  in which the  Partnership  may  invest.  These  loans are
generally applied against the first capital  contribution due if the Partnership
ultimately invests in such entities.  In the event that the Partnership does not
invest in such  entities,  the loans are to be repaid  with  interest at a rate,
which is equal  to the rate  charged  to the  holder.  At June 30,  2005,  loans
receivable of $135,000 were due from one Local Limited  Partnership in which the
Partnership had not acquired a limited partnership interest.



                                       14
<PAGE>



Item 2. Management's  Discussion And Analysis of Financial Condition and Results
        of Operations

Forward Looking Statements

With  the  exception  of  the  discussion  regarding   historical   information,
"Management's  Discussion  and  Analysis of Financial  Condition  and Results of
Operations"  and other  discussions  elsewhere in this Form 10-Q contain forward
looking statements. Such statements are based on current expectations subject to
uncertainties  and other  factors which may involve known and unknown risks that
could  cause  actual  results  of  operations  to differ  materially  from those
projected or implied. Further, certain forward-looking statements are based upon
assumptions about future events which may not prove to be accurate.

Risks and uncertainties  inherent in forward looking statements include, but are
not  limited  to,  our  future  cash  flows and  ability  to  obtain  sufficient
financing, level of operating expenses, conditions in the low-income housing tax
credit property market and the economy in general, as well as legal proceedings.
Historical  results are not necessarily  indicative of the operating results for
any future period.

Subsequent  written and oral forward  looking  statements  attributable to us or
persons  acting on our behalf  are  expressly  qualified  in their  entirety  by
cautionary  statements  in this Form 10-Q and in other reports we filed with the
Securities and Exchange Commission.

The following  discussion and analysis  should be read in  conjunction  with the
Financial Statements and the Notes thereto included elsewhere in this filing.

Critical Accounting Policies and Certain Risks and Uncertainties

The  Partnership  believes  that the  following  discussion  addresses  its most
significant  accounting  policies,  which are the most  critical to aid in fully
understanding and evaluating the Partnership's  reported financial results,  and
certain of the Partnership's risks and uncertainties.

Use of Estimates

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the  financial  statements,  and the  reported  amounts of revenues and expenses
during the reporting  period.  Actual results could materially differ from those
estimates.

Financial Condition

The Partnership's  assets at June 30, 2005 consisted  primarily of $3,845,000 in
cash,  $135,000  in loans  receivable,  amounts  due from  dealers of  $479,000,
prepaid  acquisition  fees and costs of $422,000,  and aggregate  investments in
five Local Limited  Partnerships  of  $3,289,000.  Liabilities  at June 30, 2005
primarily  consisted  of  $1,518,000  in  capital  contributions  due to limited
partnerships and $172,000 in accrued fees,  accrued annual asset management fees
and  reimbursements  for  expenses  paid  by  the  General  Partner  and/or  its
affiliates.

Results of Operations

The  Partnership  commenced  operations  on  January  5, 2005 and as such had no
operations  to report for June 30, 2004. As a result,  there are no  comparative
results of operations or financial condition from prior periods to report.

The  Partnership's  net loss  for the  three  months  ended  June  30,  2005 was
$(31,000).  The net loss is due to loss from operations of $(31,000),  including
$(26,000) in organization costs,  $(3,000) in asset management fees and $(2,000)
in amortization expense.

                                       15
<PAGE>



Cash Flows

Net  increase  in cash  during the three  month  period  ended June 30, 2005 was
$1,962,000.  Net cash flows used in investing  activities was $(982,000) for the
three  month  period  ended June 30,  2005.  Net cash  flows  used in  investing
activity  consisted of $(515,000)  for  investment  in lower tier  partnerships,
$(76,000) for  acquisition  fees and costs,  $(256,000) for prepaid  acquisition
fees and costs to the general  partner and $(135,000)  loans advanced to limited
partnerships.  Net cash flows  provided by financing  activities  of  $3,114,000
during the three month  period  ended June 30,  2005,  consisted of net sales of
limited partnership units of $3,682,000, subscriptions receivable of $(123,000),
less offering  expenses of  $(445,000).  Cash used in operating  activities  was
$(170,000),  consisted principally of due from dealers of $(103,000),  change in
accrued fees and expense due to General Partners and/or affiliates of $(38,000),
and amortization expense of $2,000.

It is not expected that any of the local limited partnerships will generate cash
from  operations  sufficient  to  provide  distributions  to  investors  in  any
significant  amount.  Cash from operations,  if any, would first be used to meet
operating  expenses of the  Partnerships.  Operating  expenses include the asset
management fee.

Investments  in local  limited  partnerships  are not readily  marketable.  Such
investments may be affected by adverse  general  economic  conditions  which, in
turn,  could  substantially  increase  the  risk  of  operating  losses  for the
apartment complexes,  the local limited partnerships and the Partnership.  These
problems  may  result  from a  number  of  factors,  many  of  which  cannot  be
controlled. Nevertheless, WNC & Associates, Inc. anticipates that capital raised
from the sale of the Units will be sufficient to fund the  Partnership's  future
investment commitments and proposed operations.

The capital needs and resources of the Partnership are expected to undergo major
changes  during  its  first  several  years of  operations  as a  result  of the
completion  of its  offering  of  Units  and  its  acquisition  of  investments.
Thereafter,  the  Partnership'  capital  needs and  resources are expected to be
relatively stable.

Item 3. Quantitative and Qualitative Disclosures Above Market Risks

        Not Applicable

Item 4. Controls and Procedures.

As of the end of the period covered by this report,  the  Partnership's  General
Partner, under the supervision and with the participation of the Chief Executive
Officer and Chief Financial  Officer of Associates  carried out an evaluation of
the effectiveness of the Fund's "disclosure  controls and procedures" as defined
in  Securities  Exchange  Act of 1934  Rule  13a-15  and  15d-15.  Based on that
evaluation,  the Chief Executive  Officer and Principal  Financial  Officer have
concluded  that  as of  the  end of the  period  covered  by  this  report,  the
Partnership's  disclosure controls and procedures were adequate and effective in
timely  alerting  them  to  material  information  relating  to the  Partnership
required to be included in the Partnership's periodic SEC filings.

Changes  in  internal  controls.  There  were no  changes  in the  Partnership's
internal control over financial reporting that occurred during the quarter ended
June 30, 2005 that materially  affected,  or are reasonably likely to materially
affect, the Partnership's internal control over financial reporting.


                                       16
<PAGE>



Part II.  Other Information

Item 1.  Legal Proceedings

         NONE

Item 2.  Changes in Securities and Use of Proceeds

(a)-(e)    NONE

(f)      Use of Proceeds

         (1)  The effective date of the Securities Act  registration  statement
               is January 5, 2004 for WNC  Housing  Tax  Credit  Fund VI,  L.P.,
               Series 12.

         (2)  WNC Housing Tax Credit Fund VI,  L.P.,  Series 12  commenced  its
               offering on January 21, 2005.

         (3)  Inapplicable

         (4)  (i)  The offering was not terminated as of June 30, 2005.

             (ii)  The  dealer   manager  for  each  offering  is  WNC  Capital
                   Corporation, an affiliate of the general partner.

            (iii)  The title of the  class of  securities  registered  by each
                   Series is Units of Limited Partnership Interest.

             (iv)  WNC Housing Tax Credit  Fund VI L.P.,  Series 12  registered
                   25,000 Units at an  aggregate  price of  $25,000,000.  As of
                   June 30, 2005, 7,770 Units were sold aggregating  $7,765,965
                   net of discount of $4,035.

              (v)  As of June 30, 2005 WNC  Housing  Tax Credit Fund VI,  L.P.,
                   Series  12  has  incurred   $524,300   for  retail   selling
                   commissions to unaffiliated persons,  dealer manager fees to
                   the  dealer  manager  of  $155,400  and  a   non-accountable
                   organization  and offering expense of $310,800 to the dealer
                   manager.

             (vi)  The net offering proceeds to Series 12 after all expenses as
                   stated above in (f) (4) (v) totals $6,775,465.

            (vii)

                   (A)  An acquisition expense allowance in the amount of 2% of
                        the  gross  proceeds  from  the  sale of  Units as full
                        reimbursement  of costs incurred was paid or accrued to
                        the  General  Partner in the amount of  $155,400  as of
                        June  30,  2005.  Acquisition  fees of 7% of the  gross
                        proceeds  from the sale of  Units as  compensation  for
                        services rendered in connection with the acquisition of
                        Local Limited Partnerships incurred was paid or accrued
                        to the General  Partner in the amount of $543,900 as of
                        June 30, 2005.

                   (B)  Of the net proceeds of $6,076,165  after payment of the
                        foregoing, $5,846,973 was used or has been committed to
                        acquire Local Limited Partnership  Interests (including
                        amounts paid for interest on warehouse financing),  and
                        $229,192 is held in reserves.

           (viii)  Inapplicable


Item 3.  Defaults Upon Senior Securities

         NONE

                                       17
<PAGE>



Item 4.  Submission of Matters to a Vote of Security Holders

         NONE

Item 5.  Other Information

         NONE

Item 6.  Exhibits

         31.1  Certification of the Chief Executive Officer pursuant to 18
               U.S.C.  section 1350,  as adopted  pursuant to section 906 of the
               Sarbanes-Oxley Act of 2002. (filed herewith)

         31.2  Certification of the Chief Financial  Officer pursuant
               to 18 U.S.C.  section 1350,  as adopted  pursuant to section
               906 of the Sarbanes-Oxley Act of 2002. (filed herewith)

         32.1  Section 1350 Certification.  (filed herewith)

         32.2  Section 1350 Certification.  (filed herewith)


                                       18
<PAGE>



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.

WNC HOUSING TAX CREDIT FUND VI, L.P., Series 12
(Registrant)

By:   WNC & Associates, Inc., General Partner




By:   /s/ Wilfred N. Cooper, Jr.
--------------------------------
Wilfred N. Cooper, Jr.
President and Chief Executive Officer of WNC & Associates, Inc.


Date:  August 10, 2005




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

Date:  August 10, 2005

                                       19