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 September 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 Six Months Ended September 30, 2005




PART I. FINANCIAL INFORMATION

  Item 1. Financial Statements

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

          Statements of Operations
          For the Three Months Ended and Six Months Ended September 30, 2005 ..4

          Statement of Partners' Equity
          For the Six Months Ended September 30, 2005 .........................5

          Statement of Cash Flows
          For the Six Months Ended September 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>


                                                           September 30, 2005            March 31, 2005
                                                           ------------------            --------------
                                                               (unaudited)
ASSETS

<S>                                                   <C>                         <C>
Cash                                                   $              7,964,219    $               1,883,111
Amounts due from dealers (Note 5)                                     1,034,303                      376,000
Investments in limited partnerships, net (Notes 2
and 3)                                                                9,646,975                    1,525,688
Prepaid acquisition fees and costs (Note 3)                             223,244                      204,306
                                                         ------------------------    ------------------------

                                                       $             18,868,741    $               3,989,105
                                                         ========================    ========================


LIABILITIES AND PARTNERS' EQUITY

Liabilities:
   Accrued fees and expenses due to
      General Partner and affiliates (Note 3)          $                265,038    $                 209,694
   Payables to limited partnerships (Note 4)                          6,765,256                      381,771
                                                         ------------------------    ------------------------

      Total liabilities                                               7,030,294                      591,465
                                                         ------------------------    ------------------------

Commitments and contingencies

Partners' equity
     General Partner                                                         48                          40
     Limited partners (25,000 units authorized
       13,890 and 4,084 units issued and
       outstanding at  September 30, 2005 and
       March 31, 2005, respectively)                                 11,838,399                    3,397,600
                                                         ------------------------    ------------------------

Total partners' equity                                               11,838,447                    3,397,640
                                                         ------------------------    ------------------------

                                                       $             18,868,741    $               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)

                            STATEMENTS OF OPERATIONS

       For the Three Months Ended and Six Months Ended September 30, 2005
                                   (unaudited)


<TABLE>
<CAPTION>
                                                            2005                      2005
                                                        Three Months               Six Months
                                                        ------------               ----------
<S>                                                 <C>                      <C>
Interest income                                     $           7,900        $             7,900
                                                      -----------------         ------------------


Operating expenses:
  Amortization (Note 2)                                         4,818                      6,809
  Asset management fees (Note 3)                               12,235                     15,142
  Legal and accounting                                         18,169                     18,669
  Other                                                         1,663                     27,194
                                                      -----------------         ------------------

    Total operating expenses                                   36,885                     67,814
                                                      -----------------         ------------------


Loss from operations                                          (28,985)                   (59,914)
                                                      -----------------         ------------------


Equity in gain of
  limited partnerships (Note 2)
                                                               67,610                     67,610
                                                      -----------------         ------------------


Net gain                                            $                         $
                                                               38,625                      7,696
                                                      =================         ==================

Net gain allocated to:
  General partner                                   $                         $
                                                                   39                          8
                                                      =================         ==================

  Limited partners                                  $                         $
                                                               38,586                      7,688
                                                      =================         ==================

Net gain per limited partnership unit               $                         $
                                                                    4                          1
                                                      =================         ==================

Outstanding weighted limited
  partner units                                                10,645                      8,264
                                                      =================         ==================
</TABLE>

                                       4

<PAGE>


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

                          STATEMENT OF PARTNERS' EQUITY

                   For the Six Months Ended September 30, 2005
                                   (unaudited)


<TABLE>
<CAPTION>


                                                          General               Limited
                                                          Partner               Partners                 Total
                                                       ---------------      ----------------      ------------------
<S>                                                 <C>                  <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                                    -             9,801,965               9,801,965

Less Limited Partnership units issued for
     promissory notes receivable (Note 5)                          -              (126,500)               (126,500)

Offering expenses                                                  -            (1,242,354)             (1,242,354)


Net gain                                                           8                 7,688                   7,696
                                                       ---------------      ---------------       -----------------

Partners' equity at September 30, 2005               $            48      $     11,838,399     $        11,838,447
                                                       ===============      ===============       =================
</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 Six Months Ended September 30, 2005
                                   (unaudited)


<TABLE>
<CAPTION>
<S>                                                               <C>

      Cash flows from operating activities:
      Net gain                                                     $       7,696
        Adjustments to reconcile net loss to net
            Cash used in operating activities:
            Amortization                                                   6,809
            Equity in gain from limited partnerships                     (67,610)
            Change in due from dealers                                  (655,500)
            Change in due to affiliates                                   24,062
            Change in interest receivable                                 (2,803)
            Change in accrued fees and expense due to
              General Partner and affiliates                              12,344
                                                                ----------------


                 Net cash used in operating activities                  (675,002)
                                                                ----------------

      Cash flows from investing activities:
            Investments in limited partnerships, net                  (7,196,160)
            Capital contribution payable                               6,383,485
            Capitalized acquisition fees and costs                      (864,326)
                                                                ----------------

                 Net cash used in investing activities                (1,677,001)
                                                                ----------------

      Cash flows from financing activities:
            Sales of limited partnership units, net of
             contributions receivable and subscriptions
            receivable                                                 9,801,965
            Offering expenses                                         (1,242,354)
            Capital contribution receivable                             (126,500)
                                                                ----------------

                  Net cash provided by financing activities            8,433,111
                                                                ----------------


    Net increase in cash and cash equivalents                          6,081,108

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

    Cash, end of period                                          $     7,964,219
                                                                ================


    SIGNIFICANT NONCASH INVESTING ACTIVITIES
    Prepaid acquisition fees and expenses included within
      due to general partner and affiliates                           $   18,938
</TABLE>


                                       6
<PAGE>

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

                          NOTES TO FINANCIAL STATEMENTS

                   For the Six Months Ended September 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 September
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 Tax
Credits").

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 September
30, 2005,  subscriptions for 13,890 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 Six Months Ended September 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  Tax  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 Tax Credits. In general, under Section 42 of the Internal Revenue
Code,  an owner of  low-income  housing can  receive the Low Income  Housing Tax
Credits  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 Tax Credits 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 Tax 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 Tax 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  Tax  Credits   rules  are   extremely   complicated.
Noncompliance  with these rules results in the loss of future Low Income Housing
Tax  Credits  and the  fractional  recapture  of Low Income  Housing Tax Credits
already taken. In most cases the annual amount of Low Income Housing Tax 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  Tax  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 Six Months Ended September 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 Tax  Credits,  a  fractional  recapture  of prior Low Income
Housing Tax 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 Tax
Credits and recapture of Low Income Housing Tax 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 Tax
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 Credits  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 Six Months Ended September 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  Tax  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/gain  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  six-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/gain 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/gains  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.

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 September 30, 2005, no investment  accounts
in Local Limited Partnerships had reached a zero balance.

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.


                                       10
<PAGE>

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

                    NOTES TO FINANCIAL STATEMENTS- CONTINUED

                   For the Six Months Ended September 30, 2005
                                   (unaudited)



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

Organization costs are expensed as incurred by the Partnership.

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

At September  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 Six Months Ended September 30, 2005
                                   (unaudited)


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

As of September 30, 2005, the Partnership acquired limited partnership interests
in seven Local  Limited  Partnerships,  each of which owns one  Housing  Complex
consisting  of an aggregate of 390  apartment  units.  As of September 30, 2005,
five Housing  Complexes are operating with  rehabilitation  occurring around the
existing  tenants  and the  other  two are 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.

The following is a summary of the equity method  activity of the  investments in
local limited partnerships as of:
<TABLE>
<CAPTION>

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

Investments in limited partnerships, beginning of period             $     1,525,688      $                -

Capital contributions paid, net                                              738,250                 978,680

Capital contributions payable                                              6,457,910                 381,771

Capitalized acquisition fees and costs                                       864,326                 166,313

Equity in loss of limited partnerships                                        67,610                       -

Amortization of capitalized acquisition fees and costs                        (6,809)                 (1,076)
                                                                       ---------------    ------------------


Investments in limited partnerships, end of period                   $     9,646,975      $        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 September
30, 2005 five Local Limited Partnerships are operating with rehabilitation.  The
following is the estimated operating results from the Local Limited Partnerships
for the six months ended  September  30,  2005,  which are based on the previous
year's audit reports and/or most current monthly operation reports:

<TABLE>
<CAPTION>
                                                                                  September 30, 2005
                                                                                  -------------------
<S>                                                                            <C>

           Total revenues                                                       $         447,000
                                                                                  -------------------
           Expenses:

               Interest expense                                                            33,000
               Depreciations and amortization                                              35,000
               Other operating expense                                                    311,000
                                                                                  -------------------
                    Total expense                                                         379,000
                                                                                  -------------------

           Net gains                                                                       68,000
                                                                                  ===================

           Net gains allocable to the Partnership                                          68,000
                                                                                  ===================


           Net gains recorded by the Partnership                                $          68,000
                                                                                 ===================
</TABLE>
                                   12

<PAGE>


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

                    NOTES TO FINANCIAL STATEMENTS- CONTINUED

                   For the Six Months Ended September 30, 2005
                                   (unaudited)


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  September  30,  2005  and  March  31,  2005,  the
Partnership incurred acquisition fees of $972,300 and $285,880, respectively. As
of September 30, 2005 and March 31, 2005,  $173,634 and $158,905 are included in
prepaid acquisition fees and costs and $798,666 and $126,975  respectively,  are
included in  investment in limited  partnerships.  Accumulated  amortization  of
these  capitalized  and prepaid  costs was $6,075 and $823,  as of September 30,
2005 and March 31, 2005, respectively.

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 September  30, 2005 and March 31, 2005,  the
Partnership incurred acquisition costs of $277,800 and $81,680, respectively. As
of September  30, 2005 and March 31, 2005,  $49,610 and $45,401 were included in
prepaid acquisition fees and costs and $228,190 and $36,279  respectively,  were
included in  investment in limited  partnerships.  Accumulated  amortization  of
these capitalized and prepaid costs was $1,736 and $235 as of September 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  September  30, 2005 and March 31, 2005 the
Partnership incurred selling commissions of $948,777 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 September 30,
2005 and March 31, 2005, the Partnership incurred  non-accountable  organization
and offering and underwriting expense  reimbursement costs totaling $555,600 and
$163,360,  respectively;  dealer  manager  fees  totaling  $277,800 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 $15,142 were incurred in the six
months ended September 30, 2005. The Partnership paid the General Partner or its
affiliates $0 of these fees during the six months ended September 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
September 30, 2005.

                                       13


<PAGE>


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

                    NOTES TO FINANCIAL STATEMENTS- CONTINUED

                   For the Six Months Ended September 30, 2005
                                   (unaudited)


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

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


                                                                                September 30,      March 31, 2005
                                                                                    2005
                                                                               ----------------   ------------------
<S>                                                                         <C>                   <C>
Acquisition fees payable                                                      $         73,430   $           69,440
Acquisition expenses payable                                                            20,980               19,840
Organizational and offering costs payable                                               62,940               59,520
Commissions payable                                                                     67,417               51,905
Asset management fee payable                                                            20,516                5,374
Reimbursements for expenses paid by the General Partner or an affiliate                 19,755                3,615
                                                                                -----------------  -----------------

                                                                              $        265,038   $          209,694
                                                                               ================   ==================
</TABLE>


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

Payables  to limited  partnerships  amounting  to  $6,765,256  and  $381,771  at
September 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
---------------------------------

As of September 30, 2005, the Partnership had received  subscriptions for 13,890
units which included amounts due from dealers totaling $1,032,000,  of which all
receivable amounts due from the dealers were collected after September 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.


                                       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
Credits  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  September  30,  2005  consisted  primarily  of $
7,964,000 in cash, amounts due from dealers of $1,034,000,  prepaid  acquisition
fees and costs of $223,000,  and  aggregate  investments  in seven Local Limited
Partnerships  of  $9,647,000.   Liabilities  at  September  30,  2005  primarily
consisted of $6,765,000 in capital contributions due to limited partnerships and
$265,000  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 gain for the six months  ended  September  30,  2005 was
$8,000.  The net gain is  primarily  due to gains from Limited  Partnerships  of
$68,000 offset by $(60,000) losses from operations, which includes of $19,000 in
accounting  fees,  $15,000  in asset  management  fees,  $7,000 in  amortization
expenses  along with  $27,000 in other  expenses,  offset by $8,000 of  interest
income.

                                       15

<PAGE>

Cash Flows

Net increase in cash during the  six-month  period ended  September 30, 2005 was
$6,081,000. Net cash flows used in investing activities was $(1,677,000) for the
six-month  period ended  September  30,  2005.  Net cash flows used in investing
activity  consisted of $(7,196,000)  for investment in lower tier  partnerships,
and $(864,000) for acquisition fees and costs,  offset by $6,383,000 for capital
contribution  payable.  Net cash  flows  provided  by  financing  activities  of
$8,433,000  during the six-month  period ended September 30, 2005,  consisted of
net sales of limited partnership units of $9,802,000,  subscriptions  receivable
of $(127,000),  less offering  expenses of $(1,242,000).  Cash used in operating
activities  was  $(675,000),  consisted  principally  of  due  from  dealers  of
$(656,000),  change in accrued fees and expense due to General  Partners  and/or
affiliates of $12,000,  amortization  expense of $7,000,  interest receivable of
$(3,000) and $24,000 in due from affiliates.

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  Partnershi'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
September  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 September 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
                    September  30,  2005,  13,890  Units  were sold  aggregating
                    $13,885,965 net of discount of $4,035.

              (v)   As of  September  30,  2005 WNC  Housing Tax Credit Fund VI,
                    L.P.,  Series 12 has incurred  $948,777  for retail  selling
                    commissions to unaffiliated persons,  dealer manager fees to
                    the  dealer  manager  of  $277,800  and  a   non-accountable
                    organization  and offering expense of $555,600 to the dealer
                    manager.

              (vi)  The net offering proceeds to Series 12 after all expenses as
                    stated above in (f) (4) (v) totals $12,103,788.

              (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  $277,800  as of
                         September 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 $972,300 as of
                         September  30,  2005.

                    (B)  Of the net proceeds of $10,853,688 after payment of the
                         foregoing, $9,810,494 was used or has been committed to
                         acquire Local Limited Partnership  Interests (including
                         amounts paid for interest on warehouse financing),  and
                         $1,043,194 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:  November 14, 2005




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

Date:  November 14, 2005


                                       19