EXHIBIT
32.2



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, Melanie R. Wenk, Vice-President and Chief Financial 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/
    Melanie     R. Wenk                                          | 
|-------------------------------------------------------------------- | 
|Melanie
    R. Wenk                                                  | 
|Vice-President and Chief Financial Officer of WNC & Associates, Inc.





Date:
November 4, 2013