EXHIBIT
32.1



CERTIFICATION
PURSUANT TO

18
U.S.C. SECTION 1350,

AS
ADOPTED PURSUANT TO

SECTION
906 OF THE SARBANES-OXLEY ACT OF 2002



In
connection with the Quarterly Report on Form 10-Q of WNC Housing Tax Credit Fund V L.P., Series 4 (the
“Partnership”) for the quarters ended December 31, 2008, September 30, 2008 and June 30, 2008 as filed with the
Securities and Exchange Commission on the date hereof (the “Report”), and pursuant to 18 U.S.C., section 1350, as
adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, I, Wilfred N. Cooper, Jr., President and Chief Executive
Officer of WNC & Associates, Inc., general partner of the Partnership, hereby certify that:



| | 1. | The
                                                                                                                                                                                                                  Report
                                                                                                                                                                                                                  fully
                                                                                                                                                                                                                  complies
                                                                                                                                                                                                                  with
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  requirements
                                                                                                                                                                                                                  of
                                                                                                                                                                                                                  section
                                                                                                                                                                                                                  13(a)
                                                                                                                                                                                                                  or
                                                                                                                                                                                                                  15(d)
                                                                                                                                                                                                                  of
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  Securities
                                                                                                                                                                                                                  Exchange
                                                                                                                                                                                                                  Act
                                                                                                                                                                                                                  of
                                                                                                                                                                                                                  1934,
                                                                                                                                                                                                                  except
                                                                                                                                                                                                                  to
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  extent
                                                                                                                                                                                                                  that
                                                                                                                                                                                                                  such
                                                                                                                                                                                                                  provisions
                                                                                                                                                                                                                  require
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  audit
                                                                                                                                                                                                                  report
                                                                                                                                                                                                                  of
                                                                                                                                                                                                                  Local
                                                                                                                                                                                                                  Limited
                                                                                                                                                                                                                  Partnership
                                                                                                                                                                                                                  financial
                                                                                                                                                                                                                  statements
                                                                                                                                                                                                                  to
                                                                                                                                                                                                                  refer
                                                                                                                                                                                                                  to
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  auditing
                                                                                                                                                                                                                  standards
                                                                                                                                                                                                                  of
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  Public
                                                                                                                                                                                                                  Company
                                                                                                                                                                                                                  Accounting
                                                                                                                                                                                                                  Oversight
                                                                                                                                                                                                                  Board
                                                                                                                                                                                                                  for
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  Partnership’s
                                                                                                                                                                                                                  annual
                                                                                                                                                                                                                  financial
                                                                                                                                                                                                                  statements
                                                                                                                                                                                                                  and
                                                                                                                                                                                                                  except
                                                                                                                                                                                                                  that
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  Report
                                                                                                                                                                                                                  is
                                                                                                                                                                                                                  a
                                                                                                                                                                                                                  cumulative
                                                                                                                                                                                                                  report
                                                                                                                                                                                                                  covering
                                                                                                                                                                                                                  each
                                                                                                                                                                                                                  of
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  quarters
                                                                                                                                                                                                                  ended
                                                                                                                                                                                                                  December
                                                                                                                                                                                                                  31,
                                                                                                                                                                                                                  September
                                                                                                                                                                                                                  30
                                                                                                                                                                                                                  and
                                                                                                                                                                                                                  June
                                                                                                                                                                                                                  30,
                                                                                                                                                                                                                  2008;
                                                                                                                                                                                                                  and
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| | 2. | The
                                                                                                                                                                                                                  information
                                                                                                                                                                                                                  contained
                                                                                                                                                                                                                  in
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  Report
                                                                                                                                                                                                                  fairly
                                                                                                                                                                                                                  presents,
                                                                                                                                                                                                                  in
                                                                                                                                                                                                                  all
                                                                                                                                                                                                                  material
                                                                                                                                                                                                                  respects,
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  financial
                                                                                                                                                                                                                  condition
                                                                                                                                                                                                                  and
                                                                                                                                                                                                                  result
                                                                                                                                                                                                                  of
                                                                                                                                                                                                                  operations
                                                                                                                                                                                                                  of
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  Partnership.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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



Date: November 4, 2013