UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 10-K

(Mark One)

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

                    For the fiscal year ended March 31, 2006

                                       OR

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

             For the transition period from           to
                                           -----------  -----------

                       Commission file number: 333-124115
                                               333-124116

                 WNC HOUSING TAX CREDIT FUND VI, L.P., Series 13
                 WNC HOUSING TAX CREDIT FUND VI, L.P., Series 14
             (Exact name of registrant as specified in its charter)


                  California                         20-2355224
                                                     20-2355303
                (State or other jurisdiction of    (I.R.S. Employer
               incorporation or organization)     Identification No.)

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

                                 (714) 662-5565
                               (Telephone number)

           Securities registered pursuant to Section 12(b) of the Act:

                                      NONE

           Securities registered pursuant to section 12(g) of the Act:

                      UNITS OF LIMITED PARTNERSHIP INTEREST
                                (Title of Class)


Indicate by check mark if the  registrant is a well-known  seasoned  issuer,  as
defined in Rule 405 of the Securities Act
Yes      No   X
   ------  --------

Indicate  by  check  mark if the  registrant  is not  required  to file  reports
pursuant to Section 13 or Section 15(d) of the Act.

Yes      No   X
   ------  --------

<PAGE>

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 if disclosure of delinquent  filers  pursuant to Item 405
of Regulation  S-K is not contained  herein,  and will not be contained,  to the
best of registrant's  knowledge,  in definitive proxy or information  statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K.

Indicate by check mark whether the registrant is an accelerated filer.
Yes       No   X
   -------  --------

Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated  filer, or a  non-accelerated  filer. See definition of "accelerated
filer and large  accelerated  filer" in Rule 12b-2 of the Exchange  Act.  (Check
one):

Large accelerated filer    Accelerated filer    Non-accelerated filer   X
                       ----                 ----                     ------

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes     No  X
                                    -----  -----

State the aggregate market value of the voting and non-voting common equity held
by non-affiliates  computed by reference to the price at which the common equity
was last sold, or the average bid and asked price of such common  equity,  as of
the last business day of the registrant's most recently  completed second fiscal
quarter. |X|

                                  INAPPLICABLE

                       DOCUMENTS INCORPORATED BY REFERENCE

List hereunder the following documents if incorporated by reference and the Part
of the Form 10-K  (e.g.,  Part I, Part II,  etc.)  into  which the  document  is
incorporated:  (1) Any  annual  report  to  security  holders;  (2) Any proxy or
information  statement;  and (3) Any prospectus filed pursuant to Rule 424(b) or
(c) under the  Securities Act of 1933.  The listed  documents  should be clearly
described for identification  purposes (e.g.,  annual report to security holders
for fiscal year ended December 24, 1980).

                                      NONE

                                       2
<PAGE>

PART 1.

Item 1.  Business

Organization

WNC Housing Tax Credit Fund, VI, L.P., Series 13 (the  "Partnership") was formed
under the California  Revised  Limited  Partnership Act on February 7, 2005, and
commenced  operations on December 14, 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
Credit").

WNC Housing Tax Credit Fund VI,  L.P., Series 14 ("Series 14") currently  has no
assets or  liabilities  and has had no  operations.  Accordingly,  no  financial
information is included herein for Series 14.

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 initial Limited Partner is an affiliate of
Associates.  The chairman and the president of Associates own  substantially all
of the  outstanding  stock of  Associates.  The business of the  Partnership  is
conducted primarily through Associates,  as the Partnership have no employees of
their own.

Pursuant to the  prospectus  of the  Partnership  dated  November  1, 2005,  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."  The  Partnership  is  required  to receive a
minimum offering amount of $1,400,000 to break escrow and effective December 14,
2005 the minimum  amount was  received.  Accordingly,  December 14, 2005 through
March 31, 2006, the Partnership has accepted  subscriptions for 7,691 units, for
which it has received $6,757,485 in cash, $117,500 in promissory notes, $816,000
in amounts due from investors receivable, and $15 in discount.

The Partnership shall continue in full force and effect until December 31, 2070,
unless terminated prior to that date, pursuant to the Partnership  Agreement (as
defined below) or law.

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  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 Credit to
be used to reduce Federal taxes  otherwise due in each year of a ten-year credit
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 15 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,  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  accomplished
promptly at the end of the Compliance 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.

                                       3
<PAGE>
As of March 31, 2006 the Partnership had not acquired any interests in any Local
Limited Partnerships.

Certain Risks and Uncertainties

Item 1A.  Risk Factors

Set forth below are the principal risks the Partnership believes are material to
the Limited Partners. The Partnership and the Local Limited Partnerships operate
in a continually changing business environment and, therefore,  new risks emerge
from time to time. This section contains some forward-looking statements. For an
explanation of the qualifications and limitations on forward-looking statements,
see Item 7.

(a) Risks  arising from the Internal  Revenue  Code rules  governing  Low Income
    Housing Tax Credits

     Low Income Housing Tax Credits might not be available. If a Housing Complex
does not satisfy the  requirements of Internal Revenue Code Section 42, then the
Housing Complex will not be eligible for Low Income Housing Tax Credits.

     Low income  housing tax credits might be less than  anticipated.  The Local
General  Partners  will  calculate  the  amount of the Low  Income  Housing  Tax
Credits.  No opinion of counsel will cover the  calculation of the amount of Low
Income Housing Tax Credits. The IRS could challenge the amount of the Low Income
Housing Tax Credits  claimed  for any Housing  Complex  under any of a number of
provisions set forth in Internal Revenue Code Section 42. A successful challenge
by the IRS would  decrease the amount of the Low Income Housing Tax Credits from
the amount paid for by the Partnership.

     Unless a bond is posted or a Treasury  Direct Account is  established,  Low
Income Housing Tax Credits may be recaptured if Housing  Complexes are not owned
and operated for 15 years.  Housing  Complexes must comply with Internal Revenue
Code  Section 42 for the  15-year  Compliance  Period.  Low Income  Housing  Tax
Credits will be recaptured with interest to the extent that a Housing Complex is
not rented as low  income  housing  or in some  other way does not  satisfy  the
requirements of Internal  Revenue Code Section 42 during the Compliance  Period.
For  example,  unless  a  bond  is  posted  or  a  Treasury  Direct  Account  is
established, recapture with interest would occur if:

     o    a Local  Limited  Partnership  disposed  of its  interest in a Housing
          Complex during the Compliance Period, or
     o    the   Partnership   disposed  of  its  interest  in  a  Local  Limited
          Partnership during the Compliance Period.

For these purposes, disposition includes transfer by way of foreclosure.

It will be up to the Partnership to determine  whether to post a bond.  There is
no obligation under the agreements with the Local Limited  Partnerships that the
Local Limited Partnerships must do so.

There can be no assurance that recapture will not occur.  If it does,  recapture
will be a portion of all credits taken in prior years for that Housing  Complex,
plus   interest.   During  the  first  11  years  of  the   Compliance   Period,
non-compliance  results  in  one-third  of the  credits up to that point for the
particular Housing Complex being recaptured, plus interest. Between years 12 and
15, the recapture is phased out ratably.

     Sales of Housing  Complexes after 15 years are subject to limitations which
may impact a Local Limited  Partnership's  ability to sell its Housing  Complex.
Each  Local  Limited  Partnership   executes  an  extended  low  income  housing
commitment with the state in which the Housing Complex is located.  The extended
low income housing  commitment states the number of years that the Local Limited
Partnership  and any  subsequent  owners  must rent the  Housing  Complex as low
income housing. Under Federal law, the commitment must be for at least 30 years.
The commitment,  actually agreed to, may be significantly  longer than 30 years.
In prioritizing  applicants for Low Income Housing Tax Credits, most states give
additional  points for commitment  periods in excess of 30 years. On any sale of
the Housing  Complex during the commitment  period,  the purchaser would have to
agree to  continue  to rent the  Housing  Complex as low income  housing for the
duration of the  commitment  period.  This  requirement  reduces  the  potential
market, and possibly the sales price, for the Housing  Complexes.  The sale of a
Housing  Complex  may be subject to other  restrictions.  For  example,  Federal
lenders or subsidizers may have the right to approve or disapprove a purchase of
a Housing Complex.  Accordingly,  there can be no assurance that a Local Limited
Partnership will be able to sell its Housing Complex.  Even if it does so, there
can be no assurance that any  significant  amount of cash will be distributed to
the Limited Partners.  As a result, a material portion of the Low Income Housing
Tax  Credits  may  represent  a return of the money  originally  invested in the
Partnership.
                                       4
<PAGE>
     Limited  Partners  can only use Low Income  Housing  Tax Credits in limited
amounts. The ability of an individual or other non-corporate  Limited Partner to
claim Low Income  Housing Tax Credits on his  individual  tax return is limited.
For  example,  an  individual  Limited  Partner  can use Low Income  Housing Tax
Credits to reduce his tax liability on:

     o    an unlimited  amount of passive income,  which is income from entities
          such as the Partnership, and

     o    $25,000 in income from other sources.

However,  the use of Low Income  Housing  Tax Credits by an  individual  against
these types of income is subject to ordering rules,  which may further limit the
use of Low Income  Housing Tax  Credits.  Some  corporate  Limited  Partners are
subject  to similar  and other  limitations.  They  include  corporations  which
provide personal  services,  and  corporations  which are owned by five or fewer
shareholders.

Any  portion of a Low Income  Housing  Tax Credit  which is allowed to a Limited
Partner under such rules is then  aggregated  with all of the Limited  Partner's
other business credits.  The aggregate is then subject to the general limitation
on all business credits. That limitation provides that a Limited Partner can use
business  credits to offset the Limited  Partner's annual tax liability equal to
$25,000 plus 75% of the Limited  Partner's  tax  liability in excess of $25,000.
However, business credits may not be used to offset any alternative minimum tax.
All of these concepts are extremely complicated.

     Historic tax credits may be unavailable  or may be recaptured.  In addition
to Low Income Housing Tax Credits,  the  Partnership is generating  historic tax
credits.  There  can be no  assurance  that the  Housing  Complex  will meet the
requirements  for the  historic  tax credit set forth in Internal  Revenue  Code
Section  47. In order for a Housing  Complex to be  eligible  for  historic  tax
credits, it must:

     o    meet the  statutory  requirements  of Internal  Revenue  Code  Section
          47,and
     o    be certified by the Department of the Interior.

Even if it does meet the requirements,  the IRS may challenge the calculation of
the historic tax credit. The Local General Partners will calculate the amount of
the historic tax credit.

A Limited Partner must recapture historic tax credits if:

     o    the Local Limited  Partnership  sells the Housing  Complex  during the
          first five years of operation,
     o    the  Partnership  sells the interest in the Local Limited  Partnership
          during the first five years of operation, or
     o    the  Limited  Partner  sells his Units  during the first five years of
          operation.

(b)  Risks  related to  investment  in Local  Limited  Partnerships  and Housing
     Complexes

     Because the  Partnership has few  investments,  each investment will have a
great impact on the  Partnership's  results of  operations.  Any single  Housing
Complex  experiencing  poor  operating  performance,   impairment  of  value  or
recapture of Low Income Housing Tax Credits will have a significant  impact upon
the Partnership as a whole.

     The failure to pay mortgage debt could result in a forced sale of a Housing
Complex. Each Local Limited Partnership  leverages the Partnership's  investment
therein by incurring mortgage debt. A Local Limited Partnership's revenues could
be less than its debt payments and taxes and other  operating  costs. If so, the
Local  Limited  Partnership  would have to use working  capital  reserves,  seek
additional  funds, or suffer a forced sale of its Housing  Complex,  which could
include a  foreclosure.  The same results  could occur if  government  subsidies
ceased. Foreclosure would result in a loss of the Partnership's capital invested
in the Housing  Complex.  Foreclosure  could also  result in a recapture  of Low
Income Housing Tax Credits, and a loss of Low Income Housing Tax Credits for the
year  in  which   the   foreclosure   occurs.   If  the   Housing   Complex   is
highly-leveraged,  a relatively  slight  decrease in the rental  revenues  could
adversely affect the Local Limited Partnership's ability to pay its debt service
requirements.  Mortgage  debt may be  repayable in a  self-amortizing  series of
equal  installments  or with a large balloon  final  payment.  Balloon  payments
maturing  prior to the end of the  anticipated  holding  period for the  Housing
Complex create the risk of a forced sale if the debt cannot be refinanced. There
can be no assurance that additional funds will be available to any Local Limited
Partnership if needed on acceptable terms or at all.

                                       5
<PAGE>

     The Partnership  does not control the Local Limited  Partnerships  and must
rely on the Local General  Partners.  The Local  General  Partners will make all
management  decisions  for  the  Local  Limited  Partnerships  and  the  Housing
Complexes. The Partnership has very limited rights with respect to management of
the Local Limited Partnerships. The Partnership will not be able to exercise any
control  with  respect  to Local  Limited  Partnership  business  decisions  and
operations.  Consequently,  the  success of the  Partnership  will depend on the
abilities of the Local General Partners.

     Projects  subsidized by other government programs are subject to additional
rules which may make it difficult to operate and sell Housing Complexes. Some or
all of the Housing  Complexes  receive or may receive  government  financing  or
operating subsidies in addition to Low Income Housing Tax Credits. The following
are risks associated with some such subsidy programs:

o    Obtaining tenants for the Housing Complexes.  Government  regulations limit
     the types of people who can rent subsidized housing.  These regulations may
     make it more  difficult  to  rent  the  residential  units  in the  Housing
     Complexes.
o    Obtaining  rent  increases.  In many cases rents can only be increased with
     the prior approval of the subsidizing agency.
o    Limitations  on  cash  distributions.  The  amount  of  cash  that  may  be
     distributed  to owners of  subsidized  Housing  Complexes  is less than the
     amount  that  could be  earned  by the  owners  of  non-subsidized  Housing
     Complexes.
o    Limitations  on sale  or  refinancing  of the  Housing  Complexes.  A Local
     Limited  Partnership  may be  unable  to sell  its  Housing  Complex  or to
     refinance its mortgage loan without the prior  approval of the  subsidizer.
     The  subsidizer  may  withhold  such  approval  in  the  discretion  of the
     subsidizer. Approval may be subject to conditions,  including the condition
     that the purchaser  continues to operate the property as affordable housing
     for terms  which  could be as long as 30 years or more.  In  addition,  any
     prepayment  of a mortgage  may  result in the  assessment  of a  prepayment
     penalty.
o    Limitations  on transfers of interests in Local Limited  Partnerships.  The
     Partnership  may  be  unable  to  sell  its  interest  in a  Local  Limited
     Partnership  without the prior approval of the  subsidizer.  The subsidizer
     may withhold such approval in the  discretion of the  subsidizer.  Approval
     may be subject to conditions.
o    Limitations  on  removal  and  admission  of Local  General  Partners.  The
     Partnership  may be unable to remove a Local  General  Partner from a Local
     Limited Partnership except for cause, such as the violation of the rules of
     the  subsidizer.  Regulations  may prohibit the removal of a Local  General
     Partner or permit removal only with the prior  approval of the  subsidizer.
     Regulations may also require approval of the admission of a successor Local
     General Partner even upon the death or other  disability of a Local General
     Partner.
o    Limitations on subsidy  payments.  Subsidy  payments may be fixed in amount
     and subject to annual legislative appropriations.  The rental revenues of a
     Housing Complex,  when combined with the maximum committed subsidy,  may be
     insufficient to meet obligations. Congress or the state legislature, as the
     case may be, may fail to appropriate or increase the necessary subsidy.  In
     those events,  the mortgage  lender could  foreclose on the Housing Complex
     unless a workout arrangement could be negotiated.
o    Possible  changes in  applicable  regulations.  Legislation  may be enacted
     which adversely  revises  provisions of outstanding  mortgage  loans.  Such
     legislation has been enacted in the past.
o    Limited  Partners may not receive  distributions  if Housing  Complexes are
     sold.  There is no assurance  that Limited  Partners  will receive any cash
     distributions from the sale or refinancing of a Housing Complex.  The price
     at  which a  Housing  Complex  is sold  may not be high  enough  to pay the
     mortgage  and  other  expenses  which  must be paid at such  time.

                                       6
<PAGE>
     If that happens,  a Limited  Partner's  return may be derived only from the
     Low Income Housing Tax Credits and tax losses.

     Uninsured  casualties  could  result in  losses  and  recapture.  There are
casualties  which are either  uninsurable or not economically  insurable.  These
include earthquakes,  floods, wars and losses relating to hazardous materials or
environmental  matters.  If a Housing Complex experienced an uninsured casualty,
the Partnership could lose both its invested capital and anticipated  profits in
such  property.  Even if the casualty  were an insured  loss,  the Local Limited
Partnership  might be unable to rebuild  the  destroyed  property.  A portion of
prior tax credits  could be  recaptured  and future tax credits could be lost if
the Housing  Complex were not restored  within a reasonable  period of time. And
liability judgments against the Local Limited Partnership could exceed available
insurance  proceeds  or  otherwise  materially  and  adversely  affect the Local
Limited Partnership.  The cost of liability and casualty insurance has increased
in recent years.  Casualty insurance has become more difficult to obtain and may
require large deductible amounts.

     Housing Complexes without financing or operating subsidies may be unable to
pay  operating  expenses.  If a Local  Limited  Partnership  were  unable to pay
operating expenses, one result could be a forced sale of its Housing Complex. If
a forced sale occurs during the first 15 years of a Housing  Complex,  a partial
recapture of Low Income Housing Tax Credits could occur. In this regard, some of
the Local Limited Partnerships may own Housing Complexes which have no subsidies
other than Low Income Housing Tax Credits.  Those Housing  Complexes do not have
the benefit of below-market-interest-rate financing or operating subsidies which
often are  important to the  feasibility  of low income  housing.  Those Housing
Complexes  rely  solely  on rents to pay  expenses.  However,  in order  for any
Housing  Complex to be  eligible  for Low Income  Housing Tax  Credits,  it must
restrict the rent which may be charged to tenants.  Over time, the expenses of a
Housing Complex will increase.  If a Local Limited  Partnership  cannot increase
its rents, it may be unable to pay increased operating expenses.

     The Partnership's  investment  protection policies will be worthless if the
net worth of the Local  General  Partners  is not  sufficient  to satisfy  their
obligations.  There is a risk that the Local General  Partners will be unable to
perform their financial obligations to the Partnership.  The General Partner has
not established a minimum net worth  requirement for the Local General Partners.
Rather,  each Local General  Partner  demonstrates a net worth which the General
Partner believes is appropriate under the circumstances. The assets of the Local
General  Partners are likely to consist  primarily  of real estate  holdings and
similar  assets.  The fair market value of these types of assets is difficult to
estimate.  These  types of assets  cannot be readily  liquidated  to satisfy the
financial  guarantees and commitments  which the Local General  Partners make to
the Partnership.  Moreover,  other creditors may have claims on these assets. No
escrow  accounts or other  security  arrangements  will be established to ensure
performance  of a Local  General  Partner's  obligations.  The cost to enforce a
Local General Partner's obligations may be high. If a Local General Partner does
not satisfy its obligations  the  Partnership may have no remedy,  or the remedy
may be limited to removing the Local General  Partner as general  partner of the
Local Limited Partnership.

     Fluctuating  economic  conditions can reduce the value of real estate.  Any
investment  in real  estate  is  subject  to  risks  from  fluctuating  economic
conditions.  These  conditions  can  adversely  affect the  ability to realize a
profit or even to recover invested capital. Among these conditions are:

     o    the general and local job market,
     o    the availability and cost of mortgage financing,
     o    monetary inflation,
     o    tax, environmental, land use and zoning policies,
     o    the supply of and demand for similar properties,
     o    neighborhood conditions,
     o    the availability and cost of utilities and water.

     Properties under development may not be completed.  The Partnership invests
in Housing  Complexes which are under  development.  If a Housing Complex is not
completed,  the  Partnership  could lose any  capital it invested in the Housing
Complex. In general,  investment in an uncompleted Housing Complex involves more
risk than the  purchase of a completed  property.  The Local  General  Partners'
ability to complete  development and  construction  and rent the property may be
affected by conditions beyond their control. If a property is not constructed as

                                       7
<PAGE>

anticipated,  the permanent loan  commitment  might be of no effect.  The lender
could refuse to advance the permanent  loan,  and the Local Limited  Partnership
might be unable to repay the  construction  loan.  Furthermore,  a  decision  to
invest in an uncompleted  Housing Complex is made based on projections of rental
income and expenses.  Whether the property will operate at such projected income
and expense levels cannot be known.

     If a loan made to a Local Limited  Partnership  is not repaid the amount of
capital  available for investment  would be reduced.  The Partnership has or may
make a loan to a Local Limited Partnership before the Partnership's  acquisition
of an interest therein.  If the Partnership  doesn't invest in the Local Limited
Partnership,  the Local  Limited  Partnership  might not repay the loan.  If the
Local  Limited  Partnership  doesn't  repay the  loan,  the  amount  of  capital
available for investment in Local Limited Partnerships would be reduced.

(c)      Tax risks other than those relating to tax credits

In addition to the risks pertaining specifically to tax credits, there are other
Federal income tax risks.  Additional  Federal income tax risks  associated with
the  ownership  of Units and the  operations  of the  Partnership  and the Local
Limited Partnerships include, but are not limited to, the following:

     No opinion of counsel as to certain  matters.  No legal opinion is obtained
regarding matters:

     o    the determination of which depends on future factual circumstances,
     o    which are peculiar to individual Limited Partners, or
     o    which are not customarily the subject of an opinion.

The more significant of these matters include:

     o    allocating purchase price among components of a property, particularly
          as between  buildings and fixtures,  the cost of which is depreciable,
          and the underlying land, the cost of which is not depreciable,
     o    characterizing  expenses and payments made to or by the Partnership or
          a Local Limited Partnership,
     o    identifying  the  portion of the costs of any  Housing  Complex  which
          qualify for historic and other tax credits,
     o    applying to any specific  Limited Partner the limitation on the use of
          tax  credits and tax  losses.  Limited  Partners  must  determine  for
          themselves  the  extent  to  which  they can use tax  credits  and tax
          losses, and
     o    the application of the alternative minimum tax to any specific Limited
          Partner,  or the  calculation  of the  alternative  minimum tax by any
          Limited  Partner.  The  alternative  minimum tax could  reduce the tax
          benefits from an investment in the Partnership.

There can be no assurance,  therefore,  that the IRS will not challenge  some of
the tax positions  adopted by the  Partnership.  The courts could sustain an IRS
challenge. An IRS challenge,  if successful,  could have a detrimental effect on
the Partnership's ability to realize its investment objectives.

     Passive activity rules will limit deduction of the Partnership's losses and
impose tax on interest  income.  The Internal Revenue Code imposes limits on the
ability of most investors to claim losses from  investments  in real estate.  An
individual may claim these so-called  passive losses only as an offset to income
from  investments  in real estate or rental  activities.  An individual  may not
claim  passive  losses as an  offset  against  other  types of  income,  such as
salaries,  wages,  dividends and interest.  These  passive  activity  rules will
restrict the ability of most Limited Partners to use losses from the Partnership
as an offset of non-passive income.

     The  Partnership  may earn interest  income on its reserves and loans.  The
passive activity rules generally will categorize  interest as portfolio  income,
and not passive income.  Passive losses cannot be used as an offset to portfolio
income.  Consequently,  a Limited  Partner  could pay tax liability on portfolio
income from the Partnership.

     At risk rules might  limit  deduction  of the  Partnership's  losses.  If a
significant portion of the financing used to purchase Housing Complexes does not
consist of  qualified  nonrecourse  financing,  the "at risk" rules will limit a
Limited Partner's ability to claim Partnership  losses to the amount the Limited
Partner invests in the Partnership.  The "at risk" rules of the Internal Revenue
Code generally limit a Limited Partner's ability to deduct Partnership losses to
the sum of:
                                       8
<PAGE>
     o    the amount of cash the Limited Partner invests in the Partnership, and
     o    the  Limited  Partner's  share of  Partnership  qualified  nonrecourse
          financing.

Qualified  nonrecourse  financing is non-convertible,  nonrecourse debt which is
borrowed  from a  government,  or  with  exceptions,  any  person  actively  and
regularly engaged in the business of lending money.

     Tax  liability  on sale of  Housing  Complex or Local  Limited  Partnership
Interest  may  exceed the cash  available  from the sale.  When a Local  Limited
Partnership  sells a Housing  Complex it will recognize gain. Such gain is equal
to the difference between:

     o    the sales  proceeds  plus the  amount of  indebtedness  secured by the
          Housing Complex, and
     o    the adjusted basis for the Housing  Complex.  The adjusted basis for a
          Housing Complex is its original cost, plus capital expenditures, minus
          depreciation.

Similarly, when the Partnership sells an interest in a Local Limited Partnership
the  Partnership  will  recognize  gain.  Such  gain is equal to the  difference
between:

     o    the  sales  proceeds  plus the  Partnership's  share of the  amount of
          indebtedness secured by the Housing Complex, and
     o    the  adjusted  basis  for the  interest.  The  adjusted  basis  for an
          interest  in a Local  Limited  Partnership  is the amount paid for the
          interest,  plus income allocations and cash  distributions,  less loss
          allocations.

Accordingly,  gain will be increased by the depreciation deductions taken during
the holding period for the Housing  Complex.  In some cases,  a Limited  Partner
could have a tax liability from a sale greater than the cash  distributed to the
Limited Partner from the sale.

     Alternative  minimum tax  liability  could reduce a Limited  Partner's  tax
benefits. If a Limited Partner pays alternative minimum tax, the Limited Partner
could suffer a reduction in benefits from an investment in the Partnership.  The
application of the alternative  minimum tax is personal to each Limited Partner.
Tax credits may not be utilized to reduce alternative minimum tax liability.

     IRS  could  audit  the  returns  of  the  Partnership,  the  Local  Limited
Partnerships  or the Limited  Partners.  The IRS can audit the  Partnership or a
Local Limited  Partnership  at the entity level with regard to issues  affecting
the  entity.  The IRS does not have to audit  each  Limited  Partner in order to
challenge a position taken by the  Partnership  or a Local Limited  Partnership.
Similarly,  only  one  judicial  proceeding  can  be  filed  to  contest  an IRS
determination.  A contest  by the  Partnership  of any IRS  determination  might
result in high legal fees.

     An audit of the  Partnership  or a Local  Limited  Partnership  also  could
result in an audit of a Limited  Partner.  An audit of a Limited  Partner's  tax
returns  could  result in  adjustments  both to items  that are  related  to the
Partnership and to unrelated  items.  The Limited Partner could then be required
to file amended tax returns and pay additional tax plus interest and penalties.

     A successful IRS challenge to tax allocations of the Partnership or a Local
Limited  Partnership  would  reduce the tax  benefits  of an  investment  in the
Partnership.  Under the Internal  Revenue  Code, a  partnership's  allocation of
income, gains, deductions, losses and tax credits must have substantial economic
effect.   Substantial  economic  effect  is  a  highly-technical   concept.  The
fundamental  principle is two-fold.  If a partner will benefit economically from
an item of  partnership  income or gain,  that item must be  allocated to him so
that he bears the correlative tax burden.  Conversely,  if a partner will suffer
economically  from an item of partnership  deduction or loss,  that item must be
allocated  to  him  so  that  he  bears  the  correlative  tax  benefit.   If  a
partnership's  allocations do not have  substantial  economic  effect,  then the
partnership's tax items are allocated in accordance with each partner's interest
in the  partnership.  The  IRS  might  challenge  the  allocations  made  by the
Partnership:

                                       9
<PAGE>

     o    between the Limited Partners and the General Partner,
     o    among the Limited Partners, or
     o    between the Partnership and a Local General Partner.

If any allocations were successfully  challenged,  a greater share of the income
or gain or a lesser share of the losses or tax credits might be allocated to the
Limited  Partners.  This  would  increase  the tax  liability  or reduce the tax
benefits to the Limited Partners.

     Tax  liabilities  could  arise in later years of the  Partnership.  After a
period  of  years  following  commencement  of  operations  by a  Local  Limited
Partnership,  the Local Limited  Partnership  may generate  profits  rather than
losses.  A Limited Partner would have tax liability on his share of such profits
unless he could offset the income with:

     o    unused passive losses from the Partnership or other investments, or
     o    current passive losses from other investments.

In such circumstances, the Limited Partner would not receive a cash distribution
from the Partnership with which to pay any tax liability.

     IRS challenge to tax treatment of expenditures could reduce losses. The IRS
may  contend  that  fees and  payments  of the  Partnership  or a Local  Limited
Partnership:

     o    should be deductible over a longer period of time or in a later year,
     o    are excessive and may not be capitalized or deducted in full,
     o    should be capitalized and not deducted, or
     o    may not be included as part of the basis for computing tax credits.

Any such contention by the IRS could adversely impact, among other things:

     o    the  eligible  basis of a Housing  Complex  used to compute Low Income
          Housing Tax Credits,
     o    the adjusted basis of a Housing Complex used to compute depreciation,
     o    the correct deduction of fees,
     o    the  amortization of organization  and offering  expenses and start-up
          expenditures.

If the IRS were successful in any such  contention,  the anticipated tax credits
and losses of the Partnership would be reduced, perhaps substantially.

     Changes  in tax law  might  reduce  the  value of Low  Income  Housing  Tax
Credits.  Although all Low Income Housing Tax Credits are allocated to a Housing
Complex at commencement of the 10-year credit period,  there can be no assurance
that  future   legislation  may  not  adversely  affect  an  investment  in  the
Partnership. For example, legislation could reduce or eliminate the value of Low
Income  Housing Tax Credits.  In this regard,  before 1986,  the  principal  tax
benefit of an investment in low income housing was tax losses.  These tax losses
generally  were  used to reduce  an  investor's  income  from all  sources  on a
dollar-for-dollar basis. Investments in low income housing were made in reliance
on the availability of such tax benefits.  However,  tax legislation  enacted in
1986 severely curtailed deduction of such losses.

     New administrative or judicial  interpretations of the law might reduce the
value of tax  credits.  Many of the  provisions  of the  Internal  Revenue  Code
related  to low  income  housing  and  real  estate  investments  have  not been
interpreted by the IRS in regulations,  rulings or public  announcements,  or by
the courts.  In the future,  these provisions may be interpreted or clarified by
the IRS or the  courts  in a manner  adverse  to the  Partnership  or the  Local
Limited Partnerships.  The IRS constantly reviews the Federal tax rules, and can
revise its  interpretations  of established  concepts.  Any such revisions could
reduce  or  eliminate  tax  benefits   associated  with  an  investment  in  the
Partnership.

                                       10
<PAGE>

     State income tax laws may adversely affect the Limited Partners.  A Limited
Partner  may be  required  to file  income tax returns and be subject to tax and
withholding  in each  state or local  taxing  jurisdiction  in which:  a Housing
Complex is located,  the Partnership or a Local Limited  Partnership  engages in
business  activities,  or the Limited Partner is a resident.  Corporate  Limited
Partners may be required to pay state franchise taxes.

     The tax treatment of particular  items under state or local income tax laws
may vary  materially  from the  Federal  income  tax  treatment  of such  items.
Nonetheless,  many of the Federal income tax risks associated with an investment
in the  Partnership  may also apply  under  state or local  income tax law.  The
Partnership may be required to withhold state taxes from distributions or income
allocations to Limited Partners in some instances.

(d)      Risks related to the Partnership and the Partnership Agreement

     The  Partnership may be unable to timely provide  financial  reports to the
Limited   Partners  which  would  adversely  affect  their  ability  to  monitor
Partnership  operations.  Each  Local  General  Partner  is  required  to retain
independent  public  accountants  and to  report  financial  information  to the
Partnership  in a timely  manner.  There cannot be any assurance  that the Local
General Partners will satisfy these  obligations.  If not, the Partnership would
be unable to provide to the Limited  Partners in a timely  manner its  financial
statements and other reports. That would impact the Limited Partners' ability to
monitor  Partnership  operations.  The Partnership's  failure to meet its filing
requirements  under  the  Securities  Exchange  Act of  1934  could  reduce  the
liquidity  for  the  Units  due  to the  unavailability  of  public  information
concerning the  Partnership.  The failure to file could also result in sanctions
imposed by the SEC. Any defense  mounted by the  Partnership in the face of such
sanctions could entail legal and other fees, which would diminish cash reserves.

     Lack of liquidity of  investment.  It is unlikely that a public market will
develop for the purchase and sale of Units.  Accordingly,  Limited  Partners may
not be able to sell their Units promptly or at a reasonable price.  Units should
be considered as a long-term  investment  because the Partnership is unlikely to
sell any Local Limited Partnership Interests for at least 15 years. Units cannot
be transferred to tax-exempt or foreign entities, or through a secondary market.
The General Partner can deny  effectiveness  of a transfer if necessary to avoid
adverse  tax  consequences  from the  transfer.  The  General  Partner  does not
anticipate that any Units will be redeemed by the Partnership.

     The Limited Partners will not control the Partnership and must rely totally
on the General Partner.  The General Partner will make all management  decisions
for the Partnership.  Management  decisions include exercising powers granted to
the Partnership by a Local Limited  Partnership.  Limited Partners have no right
or power to take part in Partnership management.

Individual  Limited Partners will have no recourse if they disagree with actions
authorized  by a vote of the  majority.  The  Partnership  Agreement  grants  to
Limited Partners owning more than 50% of the Units the right to:

     o    remove the General Partner and elect a replacement general partner,
     o    amend the Partnership Agreement,
     o    Terminate the Partnership.

Accordingly, a majority-in-interest of the Limited Partners could cause any such
events to occur,  even if Limited  Partners owning 49% of the Units opposed such
action.

     Limitations  on liability of the General  Partner to the  Partnership.  The
ability of Limited  Partners to sue the General  Partner  and it  affiliates  is
subject to limitations.  The Partnership  Agreement  limits the liability of the
General Partner and it affiliates to the Limited  Partners.  The General Partner
and it  affiliates  will not be  liable  to the  Limited  Partners  for acts and
omissions:  performed  or omitted in good faith,  and  performed or omitted in a
manner which the General Partner  reasonably  believed to be within the scope of
its authority and in the best  interest of the Limited  Partners,  provided such
conduct did not constitute negligence or misconduct.

Therefore,  Limited  Partners may be less able to sue the General Partner and it
affiliates  than would be the case if such  provisions  were not included in the
Partnership Agreement.

                                       11
<PAGE>

     Payment of fees to the General  Partner  and its  affiliates  reduces  cash
available for investment in Local Limited Partnerships.  The General Partner and
it affiliates perform many services for the Partnership.  They are paid fees for
these services,  which reduce the amount of the cash available for investment in
Local Limited Partnerships. Accordingly, an investor investing directly in a low
income  housing  Housing  Complex  would  have a greater  amount  available  for
investment  than  an  investor  investing  in low  income  housing  through  the
Partnership.

     Associates and its  affiliates are serving as the general  partners of many
other  partnerships.  Depending on their corporate area of  responsibility,  the
officers of Associates initially devote approximately 5% to 50% of their time to
the Partnership.  These individuals spend significantly less time devoted to the
Partnership after the investment of the  Partnership's  capital in Local Limited
Partnerships.

     The  interests of Limited  Partners may conflict  with the interests of the
General  Partner and it  affiliates.  The General  Partner and it affiliates are
committed to the  management  of more than 100 other limited  partnerships  that
have investments similar to those of the Partnership. The General Partner and it
affiliates receive substantial compensation from the Partnership.

Exit Strategy

The IRS  Compliance  Period for  low-income  housing  tax credit  properties  is
generally  15  years  following   construction  or  rehabilitation   completion.
Associates were one of the first in the industry to offer syndicated investments
in Low Income Housing Tax Credits.  The initial  programs are  completing  their
compliance periods.

With that in mind,  the General  Partner is continuing its review of the Housing
Complexes,  with special emphasis on the more mature properties such as any that
have  satisfied  the IRS  compliance  requirements.  The review  considers  many
factors,  including  extended  use  requirements  (such as those due to mortgage
restrictions  or state  compliance  agreements),  the  condition  of the Housing
Complex,  and the tax  consequences to the Limited Partners from the sale of the
Housing Complex.

Upon  identifying  those  Housing  Complexes  with the highest  potential  for a
successful sale, refinancing or syndication,  the Partnership expects to proceed
with  efforts to  liquidate  them.  The  objective  is to  maximize  the Limited
Partners'  return  wherever   possible  and,   ultimately,   to  wind  down  the
Partnership.  Local Limited Partnership interests may be disposed of any time by
the General Partner in its discretion.  To date, no Housing  Complexes have been
purchased by the Partnership.

Item 1B.  Unresolved Staff Comments

NOT APPLICABLE

Item 2.  Properties

None

                                       12
<PAGE>

Item 3.  Legal Proceedings

None

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

None

PART II.

Item 5.  Market for Registrant's  Common Equity, Related Stockholder Matters and
         Issuer Purchases of Equity Securities

Item 5a.

(a)  The Units are not traded on a public  exchange but are being sold through a
     public offering.  It is not anticipated that any public market will develop
     for the purchase  and sale of any Unit.  Units can be assigned or otherwise
     transferred only if certain  requirements in the Partnership  Agreement are
     satisfied.

(b)  At March 31,  2006,  there  were 341  Limited  Partners  and there  were no
     assignees of Units who were not admitted as Limited Partners.

(c)  The  Partnership is not designed to provide cash  distributions  to Limited
     Partners in  circumstances  other than  refinancing  or  disposition of its
     investments in Local Limited Partnerships.  Any such distributions would be
     made in accordance with the terms of the Partnership Agreement.

(d)  No securities are authorized for issuance by the  Partnership  under equity
     compensation plans.

(e)  No unregistered  securities  were sold by the  Partnership  during the year
     ended March 31, 2006.

Item 5b. Use of Proceeds

The  Partnership  conducted  an offering  pursuant to a  registration  statement
(Commission File No.  333-124115),  which was declared  effective on November 1,
2005. As of March 31, 2006, the Partnership had received subscriptions for 7,691
Units,  for an aggregate  amount of capital  contributions  of $7,690,985 net of
dealer discounts of $15. At March 31, 2006,  approximately $919,000 was paid and
$47,000  remains  payable  to  Associates  or  WNC  Capital   Corporation,   the
dealer-manager for the offering, for selling commissions, wholesaling activities
and in reimbursement of other  organization and offering  expenses.  As of March
31, 2006,  $117,500 was receivable from  promissory  notes as elected by Limited
Partners upon their  subscription.  Included therein are selling  commissions of
approximately  $505,000 which were paid or are to be paid to non-affiliates.  As
of March 31, 2006, the following  schedule details amounts paid or to be paid to
affiliates  and amounts paid or to be paid to others and/or  available to invest
in Local Limited Partnership Interests or Reserves.
<TABLE>
<CAPTION>
                                                            Paid or to be
                                                               Paid to         Paid or to be
                                                              Affiliates       Paid to Others           Total
                                                            ---------------    ---------------     ---------------
<S>                                                      <C>                <C>                 <C>
Acquisition Fees through 3/31/2006                        $        538,000   $              -    $        538,000
Acquisition Costs through 3/31/2006                                154,000                  -             154,000
Reserves or cash available to be invested                                -          6,033,000           6,033,000
                                                            ---------------    ---------------     ---------------

Total                                                     $        692,000   $      6,033,000    $      6,725,000
                                                            ===============    ===============     ===============
</TABLE>
Item 5c. Purchases of Equity Securities by the Issuer and Affiliated Purchasers

NONE

                                       13
<PAGE>

Item 6.  Selected Financial Data

Selected balance sheet information for the Partnership is as follows:
<TABLE>
<CAPTION>
                                                                            March 31,               March 31,
                                                                               2006                   2005
                                                                          ---------------     -----------------------
ASSETS
<S>                                                                    <C>                 <C>
Cash and cash equivalent                                                $      5,247,602    $                  1,100
Amounts due from investors and interest receivable                               816,640                           -
Deferred acquisition fees and costs paid                                         692,190                           -
                                                                          ---------------     -----------------------
                                                                        $      6,756,432    $                  1,100
                                                                          ===============     =======================
LIABILITIES

Accrued fees and expenses due to
  General Partner and affiliates                                        $        120,215    $                      -
Due to Investors                                                                  27,500                           -
                                                                          ---------------     -----------------------
                                                                                 147,715                           -

PARTNERS' EQUITY                                                               6,608,717                       1,100
                                                                          ---------------     -----------------------
                                                                        $      6,756,432    $                  1,100
                                                                          ===============     =======================
</TABLE>
Selected  results of  operations,  cash  flows,  and other  information  for the
Partnership are as follows:
<TABLE>
<CAPTION>
                                                                                       For the period from
                                                                                     December 14, 2005 (date
                                                                                 operations commenced) to March
                                                                                            31, 2006
                                                                                ----------------------------------
<S>                                                                          <C>
Loss from operations                                                          $                           (74,338)
Equity in losses of limited partnerships                                                                        -
                                                                                ==================================
Net loss                                                                      $                           (74,338)
                                                                                ==================================
Net loss allocated to:
  General Partner                                                             $                               (74)
                                                                                ==================================
  Limited Partners                                                            $                           (74,264)
                                                                                ==================================
Net loss  per limited partner Unit                                            $                            (16.04)
                                                                                ==================================
Outstanding Weighted limit                                                                                  4,630
                                                                                ==================================
  Partner units
</TABLE>

                                       14
<PAGE>
<TABLE>
<CAPTION>
                                                                                              For the period from
                                                                                            December 14, 2005 (date
                                                                                         operations commenced) to March
                                                                                                    31, 2006
                                                                                       -----------------------------------
<S>                                                                                 <C>
Net cash provided by (used in):
  Operating activities                                                               $                            (72,773)
  Investing activities                                                                                           (621,000)
  Financing activities                                                                                          5,940,275
                                                                                       -----------------------------------
Net change in cash and cash
  equivalents                                                                                                   5,246,502

Cash and cash equivalents,
  beginning of period                                                                                               1,100
                                                                                       -----------------------------------
Cash and cash equivalents, end
  of period                                                                          $                          5,247,602
                                                                                       ===================================
</TABLE>
Low Income  Housing Tax Credits per Unit were as follows for the year and period
ended December 31:
<TABLE>
<CAPTION>
                                                                   2005
                                                              ---------------
<S>                                                        <C>
Federal                                                     $              -
State                                                                      -
                                                              ---------------
Total                                                       $              -
                                                              ===============
</TABLE>

Item 7. Management's  Discussion and Analysis of Financial Condition and Results
        of Operations

Forward Looking Statements

With the exception of the  discussion  regarding  historical  information  this,
"Management's  Discussion  and  Analysis of Financial  Condition  and Results of
Operations"  and other  discussions  elsewhere in this Form 10-K 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 the
Partnership  or persons  acting on its behalf are  expressly  qualified in their
entirety by  cautionary  statements in this Form 10-K and in other reports filed
with the Securities and Exchange Commission.  The following discussion 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.

                                       15
<PAGE>
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.

Method of Accounting For Investments in Local Limited Partnerships

The Partnership  will account for its investments in Local Limited  Partnerships
using the equity method of accounting,  whereby the Partnership  will adjust its
investment balance for its share of the Local Limited  Partnerships'  results of
operations  and for any  contributions  made  and  distributions  received.  The
Partnership  will review 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.  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 will be capitalized as part of the investment  account
and will be amortized over 30 years using the straight-line method.

"Equity in losses of limited  partnerships" for each year 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 is based on either actual unaudited results
reported  by  the  Local  Limited  Partnerships  or  historical  trends  in  the
operations of the Local Limited  Partnerships.  In subsequent  annual  financial
statements,  upon  receiving  the actual  annual  results  reported by the Local
Limited  Partnerships,  management  reverses its prior  estimate and records the
actual results reported by the Local Limited Partnerships. Equity in losses from
the Local Limited  Partnerships  allocated to the Partnership are not 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.

Distributions received from the Local Limited Partnerships will be accounted for
as a reduction  of the  investment  balance.  Distributions  received  after the
investment has reached zero will be recognized as distribution income.

Income Taxes

No provision  for income taxes will be recorded in the  financial  statements as
any  liabilities  and/or  benefits  for income taxes flow to the partners of the
Partnership and are their obligations and/or benefits.  For income tax purposes,
the Partnership reports on a calendar year basis.

Certain Risks and Uncertainties

See item 1A for a discussion of risks regarding the partnerships.

                                       16
<PAGE>

Financial Condition

The Partnership's  assets at March 31, 2006 consisted primarily of $5,248,000 in
cash and cash  equivalents,  $817,000 in amounts due from investors  receivable,
and deferred  acquisition fees and costs paid of $692,000.  Liabilities at March
31, 2006  consisted  of $120,000 in accrued fees and expenses due to the General
Partner and affiliates,  and $27,500 due to investors.  (See "Future Contractual
Cash Obligations" below)

The Partnership's  assets at March 31, 2005 consisted of $1,100 in cash and cash
equivalents. Liabilities at March 31, 2005 were $0.

Results of Operations

The Partnership commenced operations on December 14, 2005. Therefore,  there are
no comparative  results of operations or financial  condition from prior periods
to report. A loss of  approximately,  $74,000 from operations  occurred of which
$75,000 was organization  costs. In addition,  there were no Low-Income  Housing
Credits  available for  allocation  to the partners,  due to the fact that as of
March 31, 2006 there were no investments in any Local Limited Partnerships.

Liquidity and Capital Resources

The Partnership had cash used in operating activities of approximately $(73,000)
cash used in investing activities of approximately  $(621,000) and cash provided
by financing  activities of approximately  $5,940,000 for the period ended March
31, 2006.

The Partnership  expects its future cash flows,  together with its net available
assets at March 31, 2006, to be  sufficient  to meet all  currently  foreseeable
future cash  requirements.  This  excludes  amounts  owed to  Associates  by the
Partnership disclosed below.

Future Contractual Cash Obligations

As of March  31,  2006,  the  Partnership  has the  following  contractual  cash
obligations:
<TABLE>
<CAPTION>
                                        Total           < 1 year       1-3 years       3-5 years      > 5 years
<S>                                      <C>           <C>                <C>        <C>             <C>
   Other Long Term Liabilities
   Accounts Payable and
     Accrued Expenses                 $         -     $        -           $    -     $    -         $     -
   Accrued fees and expenses
     Due to GP and affiliates             147,715         147,715               -          -               -
   Accrued selling  commissions Due
     to non-affiliates                          -              -                -          -               -
   Contributions payable to Local               -              -                -          -               -
     Limited Partnerships                 -------         --------         --------    --------      -------
                                      $   147,715     $   147,715          $    -     $    -         $     -
                                         ========        =========         ========     =======      =======
</TABLE>
Off Balance Sheet Arrangements

The Partnership has no off-balance sheet arrangements.

Exit Strategy

See item 1 for information in this regard.

                                       17
<PAGE>

Impact of New Accounting Pronouncements

The Partnership adopted FASB  Interpretation No. 46 - Revised,  Consolidation of
Variable  Interest  Entities ("FIN 46R"). 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  will
invest are considered  VIEs.  However,  the Partnership will not consolidate its
interests in these VIE's under FIN46R,  as the Partnership is not considered the
primary  beneficiary.  Rather,  the  Partnership  will  record 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.  (See "Method of Accounting  for  Investments in Local
Limited Partnerships" above.)

The Partnership's balance in its investment in Local Limited Partnerships,  plus
the risk of recapture of Low Income Housing 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  Housing  Complexes,  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
due to the adoption of this statement.

Item 7A.  Quantitative and Qualitative Disclosures About Market Risk

NONE.

Item 8.  Financial Statements and Supplementary Data

                                       18

<PAGE>

            REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Partners
WNC Housing Tax Credit Fund VI, L.P., Series 13

     We have audited the  accompanying  balance sheets of WNC Housing Tax Credit
Fund VI, L.P., Series 13 (a California Limited Partnership) (a Development Stage
Enterprise) (the  "Partnership")  as of March 31, 2006 and 2005, and the related
statement of operations, partners' equity and cash flows for the period December
14, 2005 (date  operations  commenced)  through March 31, 2006.  These financial
statements  are  the  responsibility  of  the  Partnership's   management.   Our
responsibility  is to express an opinion on these financial  statements based on
our audits.

     We  conducted  our audits in  accordance  with the  standards of the Public
Company Accounting Oversight Board (United States). Those standards require that
we plan and perform the audit to obtain  reasonable  assurance about whether the
financial statements are free of material  misstatement.  The Partnership is not
required  to have,  nor were we engaged  to  perform,  an audit of its  internal
control over financial reporting.  Our audit included  consideration of internal
control over financial  reporting as a basis for designing audit procedures that
are appropriate in the  circumstances,  but not for the purpose of expressing an
opinion on the  effectiveness  of the company's  internal control over financial
reporting.  Accordingly,  we express  no such  opinion.  An audit also  includes
examining,  on a test basis,  evidence supporting the amounts and disclosures in
the  financial   statements,   assessing  the  accounting  principles  used  and
significant  estimates  made by  management,  as well as evaluating  the overall
financial  statement  presentation.   We  believe  that  our  audits  provide  a
reasonable basis for our opinion.

     In our opinion,  the financial statements referred to above present fairly,
in all material respects,  the financial position of WNC Housing Tax Credit Fund
VI, L.P.,  Series 13 (a California  Limited  Partnership)  (a Development  Stage
Enterprise) as of March 31, 2006 and 2005, and the results of its operations and
its cash flows for the period  December  14,  2005 (date  operations  commenced)
through March 31, 2006,  in  conformity  with  accounting  principles  generally
accepted in the United States of America.




/s/ Reznick Group, P.C.
-----------------------

Bethesda, Maryland
June 16, 2006
Except for Notes 6 and 7, which are dated June 22, 2006


<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 13
                       (A California Limited Partnership)
                        (A Development Stage Enterprise)

                                 BALANCE SHEETS
<TABLE>
<CAPTION>
                                                                March 31,                 March 31,
                                                                   2006                     2005
                                                            ------------------       --------------------
ASSETS
<S>                                                            <C>                <C>
  Cash and cash equivalents                                 $       5,247,602      $               1,100
  Amounts due from dealers (Note 4)                                   816,640                          -
  Deferred acquisition fees and costs paid (Note 2 )                  692,190                          -
                                                            ------------------       --------------------
                                                            $       6,756,432      $               1,100
                                                            ==================       ====================
LIABILITIES AND PARTNERS' EQUITY
Liabilities:
  Accrued fees and expenses due to General Partner
    and Affiliates (Note 2)                                 $         120,215      $                   -
  Due to Investors (Note 5)                                            27,500                          -
                                                            ------------------       --------------------
                                                                      147,715                          -
Commitments and contingencies (Note 6)                                      -                          -

Partners' equity (Notes 2 and 7)
   General partner                                                         26                        100
   Limited partners (25,000 units authorized, 7,691 and 0
     units issued and outstanding at March 31, 2006 and
     March 31, 2005, respectively)                                  6,608,691                      1,000
                                                            ------------------       --------------------
     Total partners' equity                                         6,608,717                      1,100
                                                            ------------------       --------------------
                                                            $       6,756,432      $               1,100
                                                            ==================       ====================
</TABLE>
                 See accompanying notes to financial statements
                                       20
<PAGE>
                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 13
                       (A California Limited Partnership)
                        (A Development Stage Enterprise)

                             STATEMENT OF OPERATIONS

          For The Period December 14, 2005 (Date Operations Commenced)
                             through March 31, 2006
<TABLE>
<CAPTION>
                                                          For The Period December 14, 2005
                                                         (Date Operations Commenced) through
                                                                   March 31, 2006
                                                      -----------------------------------------
<S>                                                <C>
Interest income                                     $                                    2,227
                                                      -----------------------------------------
Operating expenses:
    Organization costs                                                                  75,000
    Accounting and legal fees                                                              500
    Other                                                                                1,065
                                                      -----------------------------------------
      Total operating expenses                                                          76,565
                                                      -----------------------------------------
Loss from operations                                                                   (74,338)

Net loss                                            $                                  (74,338)
                                                      =========================================
Net loss allocated to:
   General Partner                                  $                                      (74)
                                                      =========================================
   Limited Partners                                 $                                  (74,264)
                                                      =========================================
Net loss per limited partner unit                   $                                   (16.04)
                                                      =========================================
Outstanding weighted limited partner units                                               4,630
                                                      =========================================
</TABLE>

                 See accompanying notes to financial statements
                                       21
<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 13
                       (A California Limited Partnership)
                        (A Development Stage Enterprise)

                          STATEMENT OF PARTNERS' EQUITY

          For The Period December 14, 2005 (Date Operations Commenced)
                             through March 31, 2006
<TABLE>
<CAPTION>
                                                               General            Limited              Total
                                                               Partner            Partners
                                                            --------------     ---------------     ---------------
<S>                                                      <C>                 <C>                <C>
Contribution from General Partner and initial
   limited partner                                        $           100     $         1,000    $          1,100
                                                            --------------     ---------------     ---------------
Partners' equity at March 31, 2005                                    100               1,000               1,100

Sale of limited partnership units (net of discounts
   of $15)                                                              -           7,690,985           7,690,985

Sale of limited partnership units issued for
   promissory notes receivable (Note 4)                                 -            (117,500)           (117,500)

Offering expenses                                                       -            (891,530)           (891,530)

Net loss                                                              (74)            (74,264)            (74,338)
                                                            --------------      --------------     ---------------
Partners' equity at March 31, 2006                        $            26     $     6,608,691     $     6,608,717
                                                            ==============      ==============     ===============
</TABLE>

                 See accompanying notes to financial statements
                                    22
<PAGE>


                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 13
                       (A California Limited Partnership)
                        (A Development Stage Enterprise)

                             STATEMENT OF CASH FLOWS

          For The Period December 14, 2005 (Date Operations Commenced)
                             through March 31, 2006
<TABLE>
<CAPTION>
                                                                                        For The Period December 14,
                                                                                      2005 (Date Operations Commenced)
                                                                                                  through
                                                                                               March 31, 2006
                                                                                     -----------------------------------
<S>                                                                                <C>
Cash flows from operating activities:
     Net loss                                                                      $                            (74,338)
     Adjustments to reconcile net loss to
       net cash used in operating activities:
     Change in Accrued fees and expenses due to General Partner and Affiliates                                    1,565
                                                                                     -----------------------------------
Net cash used in operating activities                                                                           (72,773)
                                                                                     -----------------------------------
Cash flows used in investing activities:
   Deferred acquisition costs and fees paid                                                                    (621,000)
                                                                                     -----------------------------------
Cash flows from financing activities:
   Due to Investors                                                                                             27,500
   Sales of limited partner units, net of contribution
        receivable and subscriptions receivable                                                               6,756,860
   Offering expenses paid                                                                                      (844,085)
                                                                                     -----------------------------------
Net cash provided by financing activities                                                                     5,940,275
                                                                                     -----------------------------------
Net increase in cash and cash equivalents                                                                     5,246,502

Cash and cash equivalents, beginning of period                                                                    1,100
                                                                                     -----------------------------------
Cash and cash equivalents, end of period                                           $                          5,247,602
                                                                                     ===================================
SUPPLEMENTAL DISCLOSURE OF
   CASH FLOW INFORMATION
   Taxes paid                                                                      $                                800
                                                                                     ===================================
SIGNIFICANT NONCASH INVESTING ACTIVITES
   Prepaid  acquisition fees and expenses included within due to general partner
     and affiliates                                                                $                             71,190
                                                                                     ===================================
SIGNIFICANT NONCASH FINANCING ACTIVITES

   Offering expenses included within due to general partners and affiliates        $                             47,460
                                                                                     ===================================

   Amounts due from investors for unpaid subscriptions                             $                            816,640
                                                                                     ===================================
</TABLE>

                 See accompanying notes to financial statements
                                      23
<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 13
                       (A California Limited Partnership)
                        (A Development Stage Enterprise)

                          NOTES TO FINANCIAL STATEMENTS

          For The Period December 14, 2005 (Date Operations Commenced)
                             through March 31, 2006

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

WNC  Housing  Tax  Credit  Fund  VI,  L.P.,  Series  13,  a  California  Limited
Partnership (the "Partnership") (a Development Stage Enterprise),  was formed on
February  7,  2005  under  the laws of the State of  California,  and  commenced
operations on December 14, 2005. The Partnership was formed to invest  primarily
in other  limited  partnerships  and  limited  liability  companies  (the "Local
Limited Partnerships") which own and operate multi-family housing complexes (the
"Housing  Complex")  that are e"igible for Low Income  Housing Tax Credits.  The
local  general  partners  (the "Local  General  Partners") of each Local Limited
Partnership retain  responsibility  for maintaining,  operating and managing the
Housing Complex.

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, 2070,
unless terminated prior to that date,  pursuant to the partnership  agreement or
law.

The financial  statements  include only activity relating to the business of the
Partnership  and do not give  effect to any assets  that the  partners  may have
outside of their interests in the Partnership, or to any obligations,  including
income taxes of the partners.

The  Partnership  agreement  authorizes the sale of up to 25,000 units at $1,000
per Unit ("Units"). As of March 31, 2006, subscriptions for 7,691 Units had been
accepted by the Partnership.  The required minimum offering amount of $1,400,000
was achieved by December  14,  2005.  Holders of Units are referred to herein as
"Limited Partners." The General Partner has a 0.1% interest in operating profits
and losses,  taxable income and losses,  in cash available for distribution from
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.

A Development - Stage Enterprise
--------------------------------
The  Partnership  is  a  development  -  stage  enterprise,   whereby  they  are
establishing  as a new  business  and  planned  principal  operations  have  not
commenced.  Further,  the  Partnership  will  initially be devoting  most of its
efforts to the activities of raising capital.

Cash and Cash Equivalents
-------------------------
The  Partnership  considers  all  highly  liquid  investments  with an  original
maturity of three months or less when  purchased to be cash  equivalents.  As of
March 31, 2006, the Partnership  maintained cash equivalents in the amount of $5
million which was invested in a repurchased overnight investment account.

                                       24

<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 13
                       (A California Limited Partnership)
                        (A Development Stage Enterprise)

                     NOTES TO FINANCIAL STATEMENTS-CONTINUED

          For The Period December 14, 2005 (Date Operations Commenced)
                             through March 31, 2006

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

                                       25
<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 13
                       (A California Limited Partnership)
                        (A Development Stage Enterprise)

                    NOTES TO FINANCIAL STATEMENTS-CONTINUED

          For The Period December 14, 2005 (Date Operations Commenced)
                             through March 31, 2006

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

The IRS  Compliance  Period for  low-income  housing  tax credit  properties  is
generally  15  years  following   construction  or  rehabilitation   completion.
Associates were one of the first in the industry to offer syndicated investments
in Low Income Housing Tax Credits.  The initial  programs are  completing  their
compliance periods.

With that in mind,  the General  Partner is continuing its review of the Housing
Complexes,  with special emphasis on the more mature properties such as any that
have  satisfied  the IRS  compliance  requirements.  The review  considers  many
factors,  including  extended  use  requirements  (such as those due to mortgage
restrictions  or state  compliance  agreements),  the  condition  of the Housing
Complex,  and the tax  consequences to the Limited Partners from the sale of the
Housing Complex.

Upon  identifying  those  Housing  Complexes  with the highest  potential  for a
successful sale, refinancing or syndication,  the Partnership expects to proceed
with  efforts to  liquidate  them.  The  objective  is to  maximize  the Limited
Partners'  return  wherever   possible  and,   ultimately,   to  wind  down  the
Partnership.  Local Limited Partnership interests may be disposed of any time by
the General Partner in its discretion.  To date, no Housing  Complexes have been
purchased by the Partnership.

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

The Partnership  will account for its investments in Local 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  will review 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.  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 on the straight line method over 30 years.

"Equity in losses of limited  partnerships" for each year 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 is based on either actual unaudited results
reported  by  the  Local  Limited  Partnerships  or  historical  trends  in  the
operations of the Local Limited  Partnerships.  In subsequent  annual  financial
statements,  upon  receiving  the actual  annual  results  reported by the Local
Limited  Partnerships,  management  reverses its prior  estimate and records the
actual results reported by the Local Limited Partnerships. Equity in losses from
the Local Limited  Partnerships  allocated to the Partnership are not 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.

Distributions received from the Local Limited Partnerships will be accounted for
as a reduction  of the  investment  balance.  Distributions  received  after the
investment has reached zero will be recognized as distribution income.

                                       26
<PAGE>
                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 13
                       (A California Limited Partnership)
                        (A Development Stage Enterprise)

                     NOTES TO FINANCIAL STATEMENTS-CONTINUED

          For The Period December 14, 2005 (Date Operations Commenced)
                             through March 31, 2006

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

Concentration of Credit Risk
----------------------------
At March 31, 2006, 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 Loss Per Limited Partner Unit
---------------------------------
Net loss per  limited  partner  unit is  calculated  pursuant  to  Statement  of
Financial  Accounting  Standards No. 128,  Earnings Per Share. Net loss per unit
includes no dilution  and is computed  by  dividing  loss  available  to limited
partners by the weighted average number of units outstanding  during the period.
Calculation of diluted net loss per unit is not required.

Income Taxes
------------
No provision  for income taxes has been recorded in the  accompanying  financial
statements as any  liabilities  and/or  benefits for income tax purposes flow to
the partners of the Partnership and are their obligations  and/or benefits.  For
income tax purposes, the Partnership reports on a calendar year basis.

New Accounting Pronouncements
-----------------------------
The Partnership adopted FASB  Interpretation No. 46 - Revised,  Consolidation of
Variable  Interest  Entities ("FIN 46R"). 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  will
invest are considered  VIEs.  However,  the Partnership will not consolidate its
interests in these VIE's under FIN46R,  as the Partnership is not considered the
primary  beneficiary.  Rather,  the  Partnership  will  record the amount of the
investment in the Local Limited  Partnerships  as an asset in the balance sheet,
and  recognize  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 Low Income Housing 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.

                                       27

<PAGE>
                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 13
                       (A California Limited Partnership)
                        (A Development Stage Enterprise)

                     NOTES TO FINANCIAL STATEMENTS-CONTINUED

          For The Period December 14, 2005 (Date Operations Commenced)
                             through March 31, 2006

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

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
due to the adoption of this statement.

NOTE 2 - 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.  For the period  ended  March 31,  2006,  the
     Partnership  incurred  acquisition  fees of $538,370  which are included in
     deferred acquisition fees and costs paid.

     A  non-accountable  acquisition  costs of 2% of the gross proceeds from the
     sale  of  Units  as  an  expense   reimbursement  in  connection  with  the
     acquisition of Local Limited  Partnerships.  For the period ended March 31,
     2006, the Partnership incurred acquisition costs of $153,820,  all of which
     are included in deferred acquisition fees and costs paid.

     Selling commissions of 7% of the net proceeds from the sale of the Units of
     the  payable  to WNC  Capital  Corp.  advanced  by the  General  Partner or
     affiliates  on behalf of the  Partnership.  For the period  ended March 31,
     2006 the Partnership incurred and paid selling commissions of $505,070.

     A  non-accountable  organization  and  offering  and  underwriting  expense
     reimbursement, collectively equal to 4% of the gross proceeds from the sale
     of the Units  and 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.  For the period ended March 31, 2006, the Partnership incurred
     non-accountable   organization  and  offering  and   underwriting   expense
     reimbursement costs collectively  totaling $307,640 and dealer manager fees
     totaling  $153,820.   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.  No Asset  Management  fees have been
     incurred during the period ended March 31, 2006.

     The  Partnership  will reimburse the General  Partner or its affiliates for
     operating  expenses  incurred on behalf of the  Partnership.  There were no
     operating expense reimbursements for the period ended March 31, 2006.

                                       28
<PAGE>
                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 13
                       (A California Limited Partnership)
                        (A Development Stage Enterprise)

                     NOTES TO FINANCIAL STATEMENTS-CONTINUED

          For The Period December 14, 2005 (Date Operations Commenced)
                             through March 31, 2006

NOTE 2 - RELATED PARTY TRANSACTIONS, continued
----------------------------------------------
     A subordinated disposition fee will be paid 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 March 31, 2006.

The accrued fees and expenses due to General  Partner and affiliates  consist of
the following at:
<TABLE>
<CAPTION>
                                                                              March 31, 2006
                                                                            ------------------
<S>                                                                       <C>
Acquisition fees payable                                                   $           55,370
Acquisition expenses payable                                                           15,820
Organizational and offering costs payable                                              47,460
Reimbursements for expenses paid by the General Partner or an affiliate                 1,565
                                                                            ------------------
                                                                           $          120,215
                                                                            ==================
</TABLE>
<TABLE>
<CAPTION>
NOTE 3 - QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
----------------------------------------------------
The  following is a summary of the rounded  quarterly  operations  for the years
ended March 31, 2006:
                                           June 30           September 30       December 31           March 31
                                        ---------------     ---------------    ---------------     ---------------
<S>                                  <C>                 <C>                <C>                 <C>
Income                                $              -    $              -   $              -    $          2,000

Operating expenses                                   -                   -            (35,000)            (41,000)

Equity in losses of Local Limited
     Partnerships                                    -                   -                  -                   -

Net loss                                             -                   -            (35,000)            (39,000)

Net Loss available to limited
     partners                                        -                   -            (35,000)            (39,000)

Net Loss per weighted average
     limited partnership unit                        -                   -                (12)                 (9)
</TABLE>

                                       29
<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 13
                       (A California Limited Partnership)
                        (A Development Stage Enterprise)

                     NOTES TO FINANCIAL STATEMENTS-CONTINUED

          For The Period December 14, 2005 (Date Operations Commenced)
                             through March 31, 2006

NOTE 4 - AMOUNTS DUE FROM DEALERS AND NOTES RECEIVABLE
------------------------------------------------------
Limited partners who subscribed for twenty or more units of limited  partnership
interest  ($20,000)  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 nine months
after the subscription  date. As of March 31, 2006, the Partnership had received
subscriptions  for 7,691 units which included  amounts due from dealers totaling
$816,000 and promissory notes of $117,500,  of which all receivable  amounts due
from the dealers were  collected  subsequent  to March 31, 2006 and prior to the
issuance of these financial statements.

NOTE 5 - DUE TO INVESTORS
-------------------------
The  Partnership  was  overpaid  subscriptions  by the amount of $27,500.  These
overpayments were refunded to the investors subsequent to March 31, 2006.

NOTE 6 - COMMITMENTS AND CONTINGINCIES
--------------------------------------
From  April 1, 2006 to June 22,  2006,  the  Partnership  acquired  three  Local
Limited  Partnership  interests  which required total capital  contributions  of
approximately  $1,892,000.  Of this  amount,  approximately  $614,000  has  been
contributed  to WNC Holding,  LLC., an affiliate of the fund, who is a temporary
special  limited  partner for the properties  until the permanent  Local Limited
Partner is identified and established as the long-term Local Limited Partner.

NOTE 7 - SUBSEQUENT EVENT
-------------------------
From April 1, 2006 to June 22, 2006, the Partnership received  subscriptions for
an additional 4,805 units, an equity of $4,802,340,  net of $2,660 discounts, of
which it has received $4,678,840 in cash, $123,500 in notes receivable.

                                       30
<PAGE>

Item  9.  Changes  in and  Disagreements  With  Accountants  on  Accounting  and
          Financial Disclosure

NOT APPLICABLE

Item 9A. Controls and Procedures

     (a)  Associates,  on  behalf  of  the  Partnership,   maintains  disclosure
          controls and procedures  that are designed to ensure that  information
          required to be disclosed in the  Partnership's  periodic reports filed
          with the  Securities  and  Exchange  Commission  ("SEC") is  recorded,
          processed,  summarized and reported within the time periods  specified
          in the  rules  and  forms  of the SEC and  that  such  information  is
          accumulated  and  communicated  to  the  Partnership's  management  as
          appropriate to allow timely decisions  regarding required  disclosure.
          In designing and evaluating the  disclosure  controls and  procedures,
          Associates recognizes that any controls and procedures,  no matter how
          well designed and operated,  can provide only reasonable  assurance of
          achieving the desired  control  objectives and Associates  necessarily
          was  required to apply its  judgment in  evaluating  the  cost-benefit
          relationship of possible controls and procedures.

     (b)  Based on their most recent  evaluation,  which was completed within 90
          days of the filing of this  Annual  Report on Form 10-K,  the  persons
          performing  functions similar to that of a principal executive officer
          and principal financial officer for the partnerships  believe that the
          Partnership's  disclosure controls and procedures (as defined in Rules
          13a-14 and 15d-14 of the Securities  Exchange Act of 1934, as amended)
          are effective.  There were no significant changes in internal controls
          or in other  factors that could  significantly  affect these  internal
          controls subsequent to the date of their most recent evaluation.


Item 9B. Other Information

NOT APPLICABLE

PART III

Item 10. Directors and Executive Officers of the Registrant

(a)  Identification of Directors,  (b) Identification of Executive Officers, (c)
     ---------------------------------------------------------------------------
     Identification of Certain Significant Employees,  (d) Family Relationships,
     ---------------------------------------------------------------------------
     and (e) Business Experience
     ---------------------------

Neither  the General  Partner  nor the  Partnership  has  directors,  executives
officers or employees of its own. The business of the  Partnership  is conducted
primarily through Associates.  Associates is a California  corporation which was
organized in 1971. The following  biographical  information is presented for the
directors of Associates,  and for the officers and employees of Associates  with
principal responsibility for the Partnership's affairs.

Wilfred N. Cooper, Sr.         Chairman
Wilfred N. Cooper, Jr.         President and Chief Executive Officer
David N. Shafer, Esq.          Executive Vice President
Michael J. Gaber               Executive Vice President
Sylvester P. Garban            Senior Vice President - Institutional Investments
Thomas J. Riha, CPA            Senior Vice President - Chief Financial Officer
Thomas J. Hollingsworth        Vice President - Asset Management
Gregory S. Hand                Vice President - Acquisitions
Melanie R. Wenk                Vice President - Portfolio Management
Thomas H. Mason                Director of Construction
J. Brad Hurlbut                Director of Syndications
Elizabeth Selby                Director of Development

In addition to Wilfred N. Cooper,  Sr., the directors of Associates  are Wilfred
N. Cooper, Jr., David N. Shafer, and Kay L. Cooper. The principal shareholder of
Associates is a trust established by Wilfred N. Cooper, Sr. and Kay Cooper.

                                       31
<PAGE>

Wilfred N.  Cooper,  Sr.,  age 75, is the founder  and  Chairman of the Board of
Directors of Associates,  a Director of WNC Capital  Corporation,  and a general
partner in some of the  partnerships  previously  sponsored by  Associates.  Mr.
Cooper has been actively involved in the affordable housing industry since 1968.
Previously,  during 1970 and 1971,  he was  founder and a principal  of Creative
Equity  Development  Corporation,  a predecessor of Associates,  and of Creative
Equity Corporation, a real estate investment firm. For 12 years before that, Mr.
Cooper was employed by Rockwell International  Corporation,  last serving as its
manager  of  housing  and urban  developments  where he had  responsibility  for
factory-built  housing  evaluation and project  management in urban planning and
development.  He has testified before committees of the U.S. Senate and the U.S.
House  of  Representatives  on  matters  pertaining  to the  affordable  housing
industry.  Mr.  Cooper is a Life  Director of the National  Association  of Home
Builders,  a National Trustee for NAHB's Political Action Committee,  and a past
Chairman of NAHB's Multifamily Council. He is a Director of the National Housing
Conference and a member of NHC's Board of Governors,  and a founder and Director
of the California  Housing  Consortium.  He is the husband of Kay Cooper and the
father of Wilfred N. Cooper,  Jr. Mr. Cooper  graduated  from Pomona  College in
1956 with a Bachelor of Arts degree.

Wilfred  N.  Cooper,  Jr.,  age  42,  is  President,  Chief  Executive  Officer,
Secretary,  a Director and a member of the Acquisition  Committee of Associates.
He is President and a Director of, and a registered  principal with, WNC Capital
Corporation, and is a Director and Vice President of WNC Management, Inc. He has
been involved in real estate  investment and acquisition  activities  since 1988
when he  joined  Associates.  Previously,  he  served  as a  Government  Affairs
Assistant with Honda North America in Washington, D.C. Mr. Cooper is a member of
the Editorial  Advisory  Boards of Affordable  Housing Finance and LIHTC Monthly
                                   ---------------------------     -------------
Report,  a  Steering  Member  of  the  Housing  Credit  Group  of  the  National
------
Association  of Home  Builders,  a  member  of the Tax  Policy  Council  for the
National Trust for Historic Preservation,  a member of the Advisory Board of the
New York State  Association for Affordable  Housing,  a member of the Urban Land
Institute and a member of TEC  International,  a global  network of business and
chief  executives.  He is the son of Wilfred  Cooper,  Sr. and Kay  Cooper.  Mr.
Cooper  graduated  from The American  University in 1985 with a Bachelor of Arts
degree.

David N. Shafer, age 53, is an Executive Vice President, a Director and a member
of the Acquisition Committee of Associates,  and a Director,  Vice President and
Secretary of WNC Management,  Inc. Mr. Shafer has been active in the real estate
industry  since 1984.  Before  joining  Associates in 1990, he was engaged as an
attorney  in the private  practice  of law with a  specialty  in real estate and
taxation.  Mr. Shafer is a Director and past President of the California Council
of Affordable Housing,  and a member of the State Bar of California.  Mr. Shafer
graduated  from the  University  of  California  at Santa Barbara in 1978 with a
Bachelor of Arts degree, from the New England School of Law in 1983 with a Juris
Doctor  degree  cum  laude and from the  University  of San Diego in 1986 with a
Master of Law degree in Taxation.

Michael  J.  Gaber,  age 39, is an  Executive  Vice  President  -  oversees  the
Originations,  Acquisitions and Real Estate  Development  Departments,  and is a
member of the  Acquisition  Committee  and the  Commercial  Real Estate Group of
Associates  and a Vice  President  of WNC  Management,  Inc.  Mr. Gaber has been
involved in real estate acquisition,  valuation and investment  activities since
1989 and has been  associated  with  Associates  since  1997.  Prior to  joining
Associates, he was involved in the valuation and classification of major assets,
restructuring  of debt and  analysis of real estate  taxes with H.F.  Ahmanson &
Company,  parent of Home  Savings  of  America.  Mr.  Gaber  graduated  from the
California State University, Fullerton in 1991 with a Bachelor of Science degree
in Business Administration - Finance.

Sylvester  P.  Garban,   age  59,  is  Senior  Vice  President  -  Institutional
Investments  of  Associates   and  a  registered   principal  with  WNC  Capital
Corporation.  Mr. Garban has been involved in real estate investment  activities
since 1978.  Before  joining  Associates  in 1989,  he served as Executive  Vice
President with MRW,  Inc., a real estate  development  and management  firm. Mr.
Garban is a member of the National Association of Affordable Housing Lenders and
the Financial Planning Association.  He graduated from Michigan State University
in 1967 with a Bachelor of Science degree in Business Administration.

                                       32
<PAGE>
Thomas J. Riha, age 50, is Senior Vice President - Chief Financial Officer and a
member of the  Acquisition  Committee  and the  Commercial  Real Estate Group of
Associates and Vice President,  Treasurer and a Director of WNC Management, Inc.
He has been involved in real estate acquisition and investment  activities since
1979.  Before joining  Associates in 1994, Mr. Riha was employed by Trust Realty
Advisor, a real estate acquisition and Management Company,  last serving as Vice
President - Operations.  He is a founding member of the Housing Credit Certified
Professional Board of Governors,  a national professional  certification program
administered  by  the  NAHB  and  the  National  Affordable  Housing  Management
Association. Mr. Riha graduated from the California State University,  Fullerton
in 1977 with a Bachelor of Arts degree cum laude in Business Administration with
a concentration in Accounting and is a Certified Public  Accountant and a member
of the American Institute of Certified Public Accountants.

Thomas J.  Hollingsworth,  CPA, age 54, is Vice President - Asset  Management of
WNC  &  Associates,   Inc.  and  oversees  WNC's  asset  management  group.  Mr.
Hollingsworth  has been  involved in real estate  acquisitions,  operations  and
syndication  of  multifamily  properties  for 25 years.  Prior to joining WNC in
2005,  he  was  the  senior  workout  specialist  at  Key  Corporation   Housing
Management,  Inc.,  a division  of Key Bank.  He has also been  responsible  for
structuring  several tax sheltered  multifamily  acquisitions during his career.
Mr. Hollingsworth  graduated from the University of Utah in 1973 with a Bachelor
of Science degree (cum laude) in Business Administration.

Gregory S. Hand, age 42, is Vice  President -  Acquisitions  and a member of the
Commercial Real Estate Group of Associates.  He is responsible for the oversight
of property  underwriting.  Mr. Hand has been involved in real estate  analysis,
development and management since 1987.  Prior to joining  Associates in 1998, he
was  a  portfolio  asset  manager  with  a  national  tax  credit  sponsor  with
responsibility  for the management of $200 million in assets.  Prior to that, he
was a finance  manager  with The Koll  Company and a financial  analyst with The
Irvine  Company.  Mr. Hand graduated  from Iowa State  University in 1987 with a
Bachelor of Business Administration degree in finance.

Melanie R. Wenk,  CPA,  age 37, is Vice  President of  Portfolio  Management  of
Associates.  She is  responsible  for overseeing  institutional  and retail fund
portfolio management, including partnership accounting, SEC reporting, quarterly
and  annual  investor  reporting  and  monitoring  investment  returns  for  all
stabilized WNC  institutional  funds.  Prior to joining  Associates in 2003, Ms.
Wenk was associated as a public accountant with BDO Seidman,  LLP. She graduated
from  the  California  Polytechnic  State  University,  Pomona,  in 1999  with a
Bachelor of Science degree in accounting.

Thomas H. Mason,  CPM, age 49, is Director of  Construction  and a member of the
Commercial  Real Estate Group of Associates  and is  responsible  for overseeing
Associates' construction management department. He has 20 years of experience in
the real estate and banking  industries and holds a Certified  Property  Manager
designation  from the  Institute  of Real  Estate  Management.  Prior to joining
Associates  in 1999,  Mr.  Mason  was  responsible  for  managing  assets in the
western-states region for a national  owner/operating company of commercial real
estate.  Prior to  that,  he  served  with  the  FDIC as a  senior  real  estate
specialist.  Mr. Mason  graduated from the University of California,  Santa Cruz
with  a  Bachelor  of  Arts  degree,   and  also  holds  a  Master  of  Business
Administration   degree  in  finance  and  marketing   from  the  University  of
California, Irvine, Graduate School of Management.

J.  Brad  Hurlbut,  age 46,  is  Director  of  Syndications  and a member of the
Commercial Real Estate Group of Associates.  He is responsible for the financial
structuring  of  Associates'  institutional  funds.  Mr. Hurlbut has 20 years of
experience  in  real  estate  investment  and  development.   Prior  to  joining
Associates in 2000, he served as corporate  controller  for Great Western Hotels
Corporation.  Mr. Hurlbut has been an enrolled agent licensed to practice before
the IRS since 1984. He graduated  from the University of Redlands in 1981 with a
Bachelor of Science  degree in business  management  and from  California  State
University, Fullerton in 1985 with a Master of Science degree in taxation.

Elizabeth Selby, age 31, is Director of Development of Associates. Ms. Selby has
been involved in real estate acquisition,  development and valuation  activities
since 1998 and has been associated with Associates  since 2003. Prior to joining
Associates,  she was  involved in the  development  of  affordable  multi-family
housing in New York City with BFC  Construction.  Ms. Selby  graduated  from the
University  of  California,  Berkeley in 1995 with a Bachelor of Arts degree and
from the University of Southern  California in 2001 with a Master of Real Estate
Development degree.

                                       33
<PAGE>
Kay L. Cooper,  age 68, is a Director of  Associates.  Mrs.  Cooper was the sole
proprietor of Agate 108, a manufacturer and retailer of home accessory products,
from 1975 until its sale in 1998. She is the wife of Wilfred Cooper, Sr. and the
mother of Wilfred  Cooper,  Jr. Ms.  Cooper  graduated  from the  University  of
Southern California in 1958 with a Bachelor of Science degree.

(f)       Involvement in Certain Legal Proceedings
          ----------------------------------------
          Two    local    limited    partnerships    invested    in   by   other
          Associates-sponsored  public limited  partnerships were unable to meet
          their  obligations  as they became due, and each has filed a voluntary
          petition in  bankruptcy.   The local general partner of one of them is
          not  affiliated  with  Associates.  The  original  unaffiliated  local
          general  partner of the other was removed and replaced  with a general
          partner   wholly-owned  by  two  of  the  executive  officers  of  WNC
          identified above.

(g)      Promoters and Control Persons
         -----------------------------
         Inapplicable.

(h)      Audit Committee  Financial Expert, and (i)  Identification of the Audit
         -----------------------------------------------------------------------
         Committee
         ---------
         Neither the partnership nor Associates has an audit committee.

(j)      Changes to Nominating Procedures
         --------------------------------
         Inapplicable.

(k)      Compliance With Section 16(a) of the Exchange Act
         -------------------------------------------------
         None.

(l)      Code of Ethics
         --------------
         Associates  has  adopted a  Code of Ethics  which  applies to the Chief
         Executive Officer and  Chief Financial Officer of Associates.  The Code
         of Ethics will be  provided  without  charge to any person who requests
         it. Such  request  should  be directed to:  Investor  Services at (714)
         662-5565 extension 187.

Item 11.  Executive Compensation

The Partnership has no officers,  employees,  or directors.  However,  under the
terms of the  Partnership  Agreement the Partnership is obligated to the General
Partner or its affiliates for the following fees:

(a)  Organization  and Offering  Expenses.  A  non-accountable  organization and
     offering expense  reimbursement  equal to 3% 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,  non-accountable  underwriting expense equal to
     1% of the gross proceeds from the sale of the Units and  reimbursement  for
     retail selling  commissions equal to 7% of the gross proceeds from the sale
     of the Units advanced by the General Partner or affiliates on behalf of the
     Partnership.  This reimbursement plus all other organizational and offering
     expenses,  inclusive  of  the  non-accountable  organization  and  offering
     expense  reimbursement,  and the dealer manager fees, are not to exceed 13%
     of the gross proceeds from the sale of the Units.

As of March 31, 2006, the following organization and offering expenses were paid
or accrued to affiliates of the General Partner as follows:
<TABLE>
<CAPTION>
                           Description                        Affiliate                              Amount
                           -----------                        ---------                          ----------------
<S>                                                                                             <C>
                           Non-accountable O & O              WNC & Associates, Inc.             $      230,730
                           Non-accountable O & O              WNC Capital Corp.                          76,910
                           Dealer Manager Fee                 WNC Capital Corp.                         153,820
                           Sales Commissions                  WNC Capital Corp.                         505,070
                                                                                                 ---------------
                              Total
                                                                                                 $      966,530
                                                                                                 ===============
</TABLE>
                                       34
<PAGE>
     (b)  Acquisition  Fees.  Acquisition fees in an amount equal to 7.0% of the
          gross proceeds of the Partnership's offering ("Gross Proceeds"). As of
          March  31,  2006 the  aggregate  amount  of  acquisition  fees paid or
          accrued was approximately $538,370.

     (c)  Acquisition  Expense.  The Partnership  reimbursed the General Partner
          for acquisition  expenses,  on a  non-accountable  basis, in an amount
          equal  to 2% of the  Gross  Proceeds,  pursuant  to the  terms  of the
          partnership  agreement.  As of March 31, 2006, the aggregate amount of
          acquisition fees paid or accrued was approximately $153,820.

     (d)  Annual Asset Management Fee. An annual asset management fee accrues in
          an amount  equal to 0.5% of the  Invested  Assets of the  Partnership.
          "Invested   Assets"  is  defined  as  the  sum  of  the  Partnership's
          Investment  in Local  Limited  Partnerships,  plus the reserves 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 and
          other  debts  related  to the  Housing  Complexes  owned by such Local
          Limited Partnerships. There were no fees incurred for the period ended
          March 31, 2006.

     (e)  Operating  Expenses.  The  Partnership  did not  reimburse the General
          Partner or its affiliates for operating  expenses for the period ended
          March 31, 2006.

     (f)  Subordinated  Disposition  Fee. A subordinated  disposition  fee in an
          amount equal to 1% of the sale price maybe received in connection with
          the  sale  or  disposition  of a  Housing  Complex  or  Local  Limited
          Partnership   Interest.   Subordinated   disposition   fees   will  be
          subordinated  to the prior  return of the  Limited  Partners'  capital
          contributions  and payment of the Return on  Investment to the Limited
          Partners.  "Return on Investment" means an annual,  cumulative but not
          compounded,  "return" to the Limited  Partners  (including  Low-Income
          Housing  Credits) as a class on their adjusted  capital  contributions
          commencing  for each  Limited  Partner on the last day of the calendar
          quarter during which the Limited  Partner's  capital  contribution  is
          received by the  Partnership,  calculated at the following  rates: (i)
          11%  through  December 31,  2010,  and (ii) 6% for the  balance of the
          Partnerships term. No disposition fees have been incurred.

     (g)  Interest in Partnership.  The General Partner will receive 0.1% of the
          Low Income Housing Tax Credits. No Low Income Housing Tax Credits were
          allocated for the period ended December 31, 2005. The General Partners
          is also entitled to receive a percentage of gain and loss  allocations
          and of cash distributions. There were no distributions of cash owed to
          the  General  Partner  during  the  period  December  14,  2005  (date
          operations commenced) through March 31, 2006.

Item 12.  Security  Ownership of Certain  Beneficial  Owners and  Management and
          Related Stockholder Matters

     (a)  Securities Authorized for Issuance Under Equity Compensation Plans
          ------------------------------------------------------------------
          Inapplicable.

     (b)  Security Ownership of Certain Beneficial Owners
          -----------------------------------------------
          No  person  is  known  to  own  beneficially  in  excess  of 5% of the
          outstanding Units.

     (c)  Security Ownership of Management
          --------------------------------
          Neither the General Partner,  Associates, their affiliates, nor any of
          the officers or directors of the General  Partner,  Associates  or its
          affiliates own directly or beneficially  any Units in the Partnership.

     (d)  Changes in Control
          ------------------
          The  management  and control of the General  Partner and of Associates
          and their  affiliates  may be changed at any time in  accordance  with
          their  respective  organizational  documents,  without  the consent or
          approval  of  the  Limited  Partners.  In  addition,  the  Partnership
          Agreement  provides for the  admission of one or more  additional  and
          successor General Partners in certain circumstances.

                                       35
<PAGE>
          First,   with  the  consent  of  any  other  General  Partners  and  a
          majority-in-interest  of the Limited Partners, any General Partner may
          designate  one or more persons to be successor or  additional  General
          Partners. In addition, any General Partner may, without the consent of
          any other General Partner or the Limited  Partners,  (i) substitute in
          its  stead as  General  Partner  any  entity  which  has,  by  merger,
          consolidation or otherwise,  acquired substantially all of its assets,
          stock or other evidence of equity interest and continued its business,
          or (ii) cause to be admitted to the Partnership an additional  General
          Partner or  Partners if it deems such  admission  to be  necessary  or
          desirable so that the Partnership will be classified a partnership for
          Federal income tax purposes.  Finally, a  majority-in-interest  of the
          Limited  Partners  may at any time remove the  General  Partner of the
          Partnership and elect a successor General Partner.

Item 13.  Certain Relationships and Related Transactions

The General Partners manage all of the Partnership's  affairs.  The transactions
with  the  General  Partners  are  primarily  in the  form of  fees  paid by the
Partnership for services rendered to the Partnership, reimbursement of expenses,
and the General Partner's  interest in the Partnership,  as discussed in Item 11
and in the notes to the Partnership's financial statements.

Item 14.  Principal Accountant Fees and Services

The  following  is a  summary  of  fees  paid  to  the  Partnership's  principal
independent registered public accounting firm for the year ended March 31:
<TABLE>
<CAPTION>
                                             2006
                                        ---------------
<S>                                  <C>
Audit Fees                            $              -
Audit-related Fees                                   -
Tax Fees                                             -
All Other Fees                                       -
                                        ---------------
TOTAL                                 $              -
                                        ===============
</TABLE>
The  Partnership  has no Audit  Committee.  All audit services and any permitted
non-audit  services  performed  by the  Partnership's  independent  auditors are
pre-approved by the General Partner.

PART IV.

Item 15.  Exhibits and Financial Statement Schedules

(a)(1)    List of Financial statements included in Part II hereof:
          -------------------------------------------------------

          Report of Independent Registered Public Accounting Firm
          Balance Sheets, March 31, 2006 and March 23, 2005
          Statement of  Operations  for the  period  December  14,  2005,  (Date
               Operations Commenced) through March 31, 2006
          Statement of Partners'  Equity for the period  December 14, 2004 (Date
               Operations Commenced) through March 31, 2006
          Statement of Cash  Flows  for  the  period  December  14,  2004  (Date
               Operations Commenced) through March 31, 2006
          Notes to Financial Statements

(a)(2)    List of Financial statement schedules:
          --------------------------------------
          NONE

 (a)(3)   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 of the Chief Executive Officer.
                  (filed herewith)

          32.2    Section 1350 Certification of the Chief Financial Officer.
                  (filed herewith)
                                       36
<PAGE>

                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) 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 14

By:  WNC National Partners, LLC
     General Partner

By:  WNC & Associates, Inc.,
     General Partner




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

Date: July 14, 2006

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following  persons on behalf of the  registrant and
in the capacities and on the dates indicated.




By: /s/ Wilfred N. Cooper, Jr.
    --------------------------
    Wilfred N. Cooper, Jr.,
    Chief Executive Officer, President and Director of WNC & Associates, Inc.
    (chief executive officer)

Date: July 14, 2006




By: /s/ Thomas J. Riha
    ------------------
    Thomas J. Riha,
    Senior  Vice-President - Chief  Financial Officer of WNC & Associates,  Inc.
    (chief financial officer and principal accounting officer)

Date: July 14, 2006




By: /s/ Wilfred N. Cooper, Sr.
    --------------------------
    Wilfred N. Cooper, Sr.,
    Chairman of the Board of WNC & Associates, Inc.

Date: July 14, 2006




By: /s/ David N. Shafer
    -------------------
    David N Shafer,
    Director of WNC & Associates, Inc.

Date: July 14, 2006


                                       37