UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

~~[X]~~ þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~September~~December 3031, 2014

~~[ ]~~ o 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: 0-24855

WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 5

California		33-0745418
(State or other jurisdiction of		(I.R.S. Employer
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
incorporation or organization)		Identification No.)
17782 Sky Park Circle
Irvine, CA		92614-6404
(Address of principal executive offices)		(Zip Code)

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

(714) 662-5565

(Telephone number)

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

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ~~[X]~~ þ No ~~[ ]~~o

Indicate by check mark whether the registrant ~~has~~is ~~submitted~~a ~~electronically~~large ~~and~~accelerated ~~posted~~filer, onan ~~its~~accelerated ~~corporate Web site~~filer, ifa ~~any~~non-accelerated filer, ~~every~~or ~~Interactive Data~~a ~~File~~smaller ~~required~~reporting tocompany. beSee ~~submitted~~the ~~and~~definitions ~~posted pursuant to Rule 405~~ of ~~Regulation~~"large ~~S-T~~accelerated ~~(232.405~~filer," of"accelerated ~~this~~filer" ~~chapter)~~and ~~during~~"smaller ~~the~~reporting ~~preceding 12~~company" ~~months~~in ~~(or~~Rule ~~for~~12b-2 ~~such~~of ~~shorter period that~~ the ~~registrant~~Exchange ~~was~~Act. ~~required~~(Check ~~to submit and post such files~~one).:

~~Yes~~Large ~~[X] No~~accelerated ~~[ ]~~filer o Accelerated filer o Non-accelerated filer þ Smaller reporting company o

Indicate by check mark whether the registrant is a ~~large~~shell ~~accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting~~ company. ~~See~~(as ~~the~~defined ~~definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company”~~ in Rule 12b-2 of the Exchange Act). ~~(Check~~Yes ~~one):~~o No þ

Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [X] Smaller reporting company [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [ ] No [X]

WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 5

(A California Limited Partnership)

INDEX TO FORM 10 – Q

For the Quarterly Period Ended ~~September~~December 3031, 2014

PART I. FINANCIAL INFORMATION
	Item 1.	Financial Statements	F-1
Item 1. Financial Statements			3
		Condensed Balance Sheets As of September 30, 2014 and March 31, 2014	F-1
	Condensed Balance Sheets		3
		Condensed Statements of Operations For the Three and Six Months Ended September 30, 2014 and 2013	F-2
		As of December 31, 2014 and March 31, 2014	3
		Condensed Statement of Partners’ Equity (Deficit) For the Six Months Ended September 30, 2014	F-3
	Condensed Statements of Operations		4
		Condensed Statements of Cash Flows For the Six Months Ended September 30, 2014 and 2013	F-4
		For the Three and Nine Months Ended December 31, 2014 and 2013	4
		Notes to Condensed Financial Statements	F-5
	Condensed Statement of Partners' Equity (Deficit)		5
	Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	3
		For the Nine Months Ended December 31, 2014	5
	Item 3.	Quantitative and Qualitative Disclosures about Market Risks	5
	Condensed Statements of Cash Flows		6
	Item 4.	Controls and Procedures	5
		For the Nine Months Ended December 31, 2014 and 2013	6
	Notes to Condensed Financial Statements		7
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations			17
Item 3. Quantitative and Qualitative Disclosures about Market Risks			19
Item 4. Controls and Procedures			19
PART II. OTHER INFORMATION
	Item 1.	Legal Proceedings	6
Item 1. Legal Proceedings			20
	Item 1A.	Risk Factors	6
Item 1A. Risk Factors			20
	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	6
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			20
	Item 3.	Defaults Upon Senior Securities	6
Item 3. Defaults Upon Senior Securities			20
	Item 4.	Mine Safety Disclosures	6
Item 4. Mine Safety Disclosures			20
	Item 5.	Other Information	6
Item 5. Other Information			20
	Item 6.	Exhibits	6
Item 6. Exhibits			20
Signatures	~~Signatures~~		721

~~Part I~~WNC HOUSING TAX CREDIT FUND VI, L.P., ~~Financial~~SERIES ~~Information~~5

~~Item~~ (A 1.California ~~Financial~~Limited ~~Statements~~Partnership)

~~WNC HOUSING~~CONDENSED ~~TAX~~BALANCE ~~CREDIT FUND VI, L.P., SERIES 5~~SHEETS

(~~A California Limited Partnership~~unaudited)

CONDENSED BALANCE SHEETS

	December 31, 2014			March 31, 2014

ASSETS

Cash	$	35,249		$	17,011
Investments in Local Limited Partnerships, net (Note 2)		-			-
Other assets		2,811			12,917
Due from affiliates, net (Note 4)		-			-

Total Assets	$	38,060		$	29,928


LIABILITIES AND PARTNERS' EQUITY (DEFICIT)

Liabilities:
Accrued fees and expenses due to
General Partner and affiliates (Note 3)	$	39,447		$	1,322,527

Total Liabilities		39,447			1,322,527

Partners’ Equity (Deficit):
General Partner
Limited Partners (25,000 Partnership Units authorized;		(365,659	)		72,379
24,793 and 24,853 Partnership Units issued and outstanding, respectively)		364,272			(1,364,978	)

Total Partners’ Equity (Deficit)		(1,387	)		(1,292,599	)

Total Liabilities and Partners’ Equity (Deficit)	$	38,060		$	29,928

~~(unaudited)~~See accompanying notes to condensed financial statements

	September 30, 2014			March 31, 2014
ASSETS
Cash	$	55,246		$	17,011
Investments in Local Limited Partnerships, net (Note 2)		-			-
Other assets		6,147			12,917
Advances to Local Limited Partnerships (Note 4)		-			-
Total Assets	$	61,393		$	29,928
LIABILITIES AND PARTNERS’ EQUITY (DEFICIT)
Liabilities:
Accrued fees and expenses due to General Partner and affiliates (Note 3)	$	20,378		$	1,322,527
Total Liabilities		20,378			1,322,527
Partners’ Equity (Deficit):
General Partner		(365,235	)		72,379
Limited Partners (25,000 Partnership Units authorized; 24,803 and 24,853 Partnership Units issued and outstanding, respectively)		406,250			(1,364,978	)
Total Partners’ Equity (Deficit)		41,015			(1,292,599	)
Total Liabilities and Partners’ Equity	$	61,393		$	29,928

~~See accompanying~~WNC ~~notes~~HOUSING toTAX ~~condensed~~CREDIT ~~financial~~FUND ~~statements~~VI, L.P., SERIES 5

~~F-1~~ (A California Limited Partnership)

~~WNC HOUSING~~CONDENSED ~~TAX~~STATEMENTS ~~CREDIT~~OF ~~FUND VI, L.P., SERIES 5~~OPERATIONS

~~(A California~~For ~~Limited~~the ~~Partnership)~~Three and Nine Months Ended December 31, 2014 and 2013

~~CONDENSED STATEMENTS OF OPERATIONS~~(unaudited)

For the Three and Six Months Ended September 30, 2014 and 2013

	2014						2013
	Three Months			Nine Months			Three Months			Nine Months

Operating income:
Reporting fees	$	-		$	8,125		$	-		$	-

Total operating income		-			8,125			-			-

Operating expenses:
Asset management fees (Note 3)	$	7,307		$	24,598		$	10,090		$	34,310
Legal and accounting fees		7,343			39,676			14,612			143,329
Write off of other assets		4,737			6,217			-			-
Write off of advance to Local Limited Partnerships		20,500			20,500			-			-
Other		1,669			8,188			1,840			12,633

Total operating expenses		41,556			99,179			26,542			190,272

Loss from operations		(41,556	)		(91,054	)		(26,542	)		(190,272	)

Gain (loss) on sale of Local Limited Partnerships		(849	)		1,837,763			(7,796	)		(7,796	)

Interest income		3			8			1			2

Net income (loss)	$	(42,402	)	$	1,746,717		$	(34,337	)	$	(198,066	)

Net income (loss) allocated to:
General Partner	$	(424	)	$	17,467		$	(343	)	$	(1,981	)

Limited Partners	$	(41,978	)	$	1,729,250		$	(33,994	)	$	(196,085	)

Net income (loss) per Partnership Unit	$	(1	)	$	70		$	(1	)	$	(8	)

Outstanding weighted Partnership Units		24,793			24,793			24,858			24,858

~~(unaudited)~~See accompanying notes to condensed financial statements

	2014						2013
	Three Months			Six Months			Three Months			Six Months
Operating income:
Reporting fees	$	2,125		$	8,125		$	-		$	-
Total operating income		2,125			8,125			-			-
Operating expenses:
Asset management fees (Note 3)		8,198			17,291			12,110			24,220
Legal and accounting fees		26,950			32,333			45,128			128,717
Write off of other assets		-			1,480			-			-
Other		4,501			6,519			5,369			10,793
Total operating expenses		39,649			57,623			62,607			163,730
Loss from operations		(37,524	)		(49,498	)		(62,607	)		(163,730	)
Gain on sale of Local Limited Partnerships		1,518,907			1,838,612			-			-
Interest income		3			5			1			1
Net income (loss)	$	1,481,386		$	1,789,119		$	(62,606	)	$	(163,729	)
Net income (loss) allocated to:
General Partner	$	14,814		$	17,891		$	(626	)	$	(1,637	)
Limited Partners	$	1,466,572		$	1,771,228		$	(61,980	)	$	(162,092	)
Net income (loss) per Partnership Unit	$	59		$	71		$	(3	)	$	(7	)
Outstanding weighted Partnership Units		24,803			24,803			24,903			24,903

~~See accompanying~~WNC ~~notes~~HOUSING toTAX ~~condensed~~CREDIT ~~financial~~FUND ~~statements~~VI, L.P., SERIES 5

~~F-2~~ (A California Limited Partnership)

~~WNC HOUSING~~CONDENSED ~~TAX~~STATEMENT ~~CREDIT~~OF ~~FUND~~PARTNERS’ ~~VI,~~EQUITY ~~L.P., SERIES 5~~(DEFICIT)

~~(A California~~For ~~Limited~~the ~~Partnership)~~Nine Months Ended December 31, 2014

~~CONDENSED STATEMENT OF PARTNERS’ EQUITY~~ (~~DEFICIT~~unaudited)

For the Six Months Ended September 30, 2014

	General			Limited
	Partner			Partners			Total

Partners’ equity (deficit) at March 31, 2014	$	72,379		$	(1,364,978	)	$	(1,292,599	)

Net income		17,467			1,729,250			1,746,717

Return of capital (Note 5)		(455,505	)		-			(455,505	)

Partners’ equity (deficit) at December 31, 2014	$	(365,659	)	$	364,272		$	(1,387	)

~~(unaudited)~~ See accompanying notes to condensed financial statements

	General			Limited
	Partner			Partners			Total
Partners’ equity (deficit) at March 31, 2014	$	72,379		$	(1,364,978	)	$	(1,292,599	)
Net income		17,891			1,771,228			1,789,119
Return of capital (Note 5)		(455,505	)		-			(455,505	)
Partners’ equity (deficit) at September 30, 2014	$	(365,235	)	$	406,250		$	41,015

~~See accompanying~~WNC ~~notes~~HOUSING toTAX ~~condensed~~CREDIT ~~financial~~FUND ~~statements~~VI, L.P., SERIES 5

~~F-3~~ (A California Limited Partnership)

~~WNC HOUSING~~CONDENSED ~~TAX~~STATEMENTS ~~CREDIT~~OF ~~FUND~~CASH ~~VI, L.P., SERIES 5~~FLOWS

~~(A California~~For ~~Limited~~the ~~Partnership)~~Quarterly Period Ended December 31, 2014

~~CONDENSED STATEMENTS OF CASH FLOWS~~(unaudited)

For the Six Months Ended September 30, 2014 and 2013

	2014			2013

Cash flows from operating activities:
Net income (loss)	$	1,746,717		$	(198,066	)
Adjustments to reconcile net income (loss) to net
cash used in operating activities:
Decrease in accounts payable		-			(10,609	)
(Increase) decrease in other assets		10,106			(6,507	)
Write off of advance to Local Limited Partnerships		20,500			-
(Gain) loss on sale of Local Limited Partnerships		(1,837,763	)		7,796
Increase (decrease) in accrued fees and expenses due to
General Partner and affiliates		(1,283,080	)		204,574

Net cash used in operating activities		(1,343,520	)		(2,812	)

Cash flows from investing activities:
Advances to Local Limited Partnerships		(20,500	)		--
Net proceeds (payments) from sale of investments in Local Limited Partnerships		1,837,763			(7,796	))

Net cash provided by (used in) investing activities		1,817,263			(7,796	)

Cash flows from financing activities:
Return of capital		(455,505	)		-

Net cash used in financing activities		(455,505	)		-

Net increase (decrease) in cash		18,238			(10,608	)

Cash, beginning of period		17,011			27,618

Cash, end of period	$	35,249		$	17,010

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

Taxes paid	$	-		$	800

NON-CASH INVESTING AND FINANCING ACTIVITIES
Advances made to the Partnership by the General Partner in prior years were converted to General Partner equity.	$	-		$	71,000

~~(unaudited)~~See accompanying notes to condensed financial statements

	2014			2013
Cash flows from operating activities:
Net income (loss)	$	1,789,119		$	(163,729	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Decrease in accounts payable		-			(10,609	)
(Increase) decrease in other assets		6,770			(1,480	)
Gain on sale of Local Limited Partnerships		(1,838,612	)		-
Increase (decrease) in accrued fees and expenses due to General Partner and affiliates		(1,302,149	)		165,209
Net cash used in operating activities		(1,344,872	)		(10,609	)
Cash flows from investing activities:
Net proceeds from sale of Local Limited Partnerships		1,838,612			-
Net cash provided by investing activities:		1,838,612			-
Cash flows from financing activities:
Return of capital		(455,505	)		-
Net cash used in financing activities		(455,505	)		-
Net increase (decrease) in cash		38,235			(10,609	)
Cash, beginning of period		17,011			27,618
Cash, end of period	$	55,246		$	17,009
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Taxes paid	$	-		$	800
NONCASH INVESTING AND FINANCING ACTIVITIES:
Advances made to the Partnership by the General Partner in prior years were converted to General Partner equity.	$	-		$	71,000

~~See accompanying~~WNC ~~notes~~HOUSING toTAX ~~condensed~~CREDIT ~~financial~~FUND ~~statements~~VI, L.P., SERIES 5

~~F-4~~ (A California Limited Partnership)

~~WNC HOUSING~~NOTES ~~TAX~~TO ~~CREDIT~~CONDENSED ~~FUND~~FINANCIAL ~~VI, L.P., SERIES 5~~STATEMENTS

~~(A California~~For ~~Limited~~the ~~Partnership)~~Quarterly Period Ended December 31, 2014

~~NOTES TO CONDENSED FINANCIAL STATEMENTS~~(unaudited)

~~For the~~NOTE ~~Quarterly~~1 ~~Period~~- ~~Ended~~SUMMARY ~~September~~OF ~~30,~~SIGNIFICANT ~~2014~~ACCOUNTING POLICIES

~~(unaudited)~~General

~~NOTE 1~~The accompanying condensed unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q ~~SUMMARY~~for OFquarterly ~~SIGNIFICANT~~reports ~~ACCOUNTING~~under ~~POLICIES~~Section 13 or 15(d) of the Securities Exchange Act of 1934. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the nine months ended December 31, 2014 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2015. For further information, refer to the financial statements and footnotes thereto included in the Partnership's annual report on Form 10-K for the fiscal year ended March 31, 2014.

~~General~~Organization

~~The accompanying~~WNC ~~condensed~~Housing ~~unaudited~~Tax ~~financial~~Credit ~~statements~~Fund ~~have~~VI, ~~been~~L.P., ~~prepared~~Series in5, ~~accordance~~a ~~with~~California ~~accounting~~Limited ~~principles~~Partnership ~~generally accepted in~~ (the ~~United~~"Partnership"), ~~States~~was offormed ~~America~~on ~~for~~March ~~interim~~3, ~~financial~~1997 ~~information~~under ~~and with~~ the ~~instructions~~laws ~~to Form 10-Q for quarterly reports under Section 13 or 15(d)~~ of the ~~Securities~~State ~~Exchange Act~~ of ~~1934~~California. ~~Accordingly,~~The ~~they~~Partnership dowas ~~not~~formed ~~include~~to ~~all~~acquire oflimited ~~the~~partnership ~~information~~interests ~~and footnotes required by accounting principles generally accepted~~ in ~~the~~other ~~United~~limited ~~States~~partnerships of("Local ~~America~~Limited ~~for~~Partnerships") ~~complete~~which ~~financial~~own ~~statements. In~~multi-family ~~the~~housing ~~opinion~~complexes of(“Housing ~~management,~~Complexes”) ~~all~~that ~~adjustments~~are ~~(consisting~~eligible offor ~~normal~~Federal ~~recurring~~low ~~accruals)~~income ~~considered~~housing ~~necessary~~tax ~~for~~credits a(“Low ~~fair~~Income ~~presentation have~~Housing ~~been~~Tax ~~included~~Credits”). The ~~Operating~~local ~~results~~general ~~for~~partners (the ~~six~~“Local ~~months~~General ~~ended~~Partners”) ~~September 30, 2014 are not necessarily indicative~~ of ~~the~~each ~~results that~~Local ~~may~~Limited bePartnership ~~expected~~retain responsibility for ~~the fiscal year ending March 31~~maintaining, ~~2015.~~operating ~~For~~and ~~further~~managing ~~information, refer to~~ the ~~financial~~Housing ~~statements~~Complexes. ~~and footnotes~~Each ~~thereto~~Local ~~included~~Limited inPartnership ~~the~~is ~~Partnership’s~~governed ~~annual~~by ~~report~~its onagreement ~~Form~~of ~~10-K~~limited ~~for~~partnership (the ~~fiscal~~“Local ~~year~~Limited ~~ended~~Partnership ~~March 31, 2014~~Agreement”).

~~Organization~~WNC & Associates, Inc. is the general partner of the Partnership (the “General Partner” or “Associates”). The chairman and president owns all of the outstanding stock of Associates. The business of the Partnership is conducted primarily through Associates, as the Partnership has no employees of its own.

~~WNC Housing Tax Credit Fund VI, L.P., Series 5 a California Limited Partnership (the “Partnership”), was formed on March 3, 1997 under the laws of the State of California.~~ The Partnership ~~was~~shall ~~formed~~continue to ~~acquire~~be ~~limited partnership interests~~ in ~~other limited~~full ~~partnerships~~force ~~(“Local~~and ~~Limited~~effect ~~Partnerships”)~~until ~~which~~December ~~own~~31, ~~multi-family~~2052 ~~housing~~unless ~~complexes~~terminated ~~(“Housing~~prior ~~Complexes”)~~ to that ~~are~~date ~~eligible~~pursuant ~~for~~to ~~Federal low income housing tax credits (“Low Income Housing Tax Credits”). The local general partners (~~the ~~“Local~~partnership ~~General Partners”) of each Local Limited Partnership retain responsibility for maintaining, operating and managing the Housing Complexes. Each Local Limited Partnership is governed by its~~ agreement ofor ~~limited partnership (the “Local Limited Partnership Agreement”)~~law.

~~WNC &~~The ~~Associates,~~financial ~~Inc.~~statements isinclude ~~the~~only ~~general~~activity ~~partner~~relating ofto the ~~Partnership~~business (of the ~~“General~~Partnership, ~~Partner”~~and ordo ~~“Associates”). The~~not ~~chairman~~give ~~and~~effect ~~president~~to ~~owns~~any ~~all~~assets ofthat the ~~outstanding~~partners ~~stock~~may ofhave ~~Associates.~~outside ~~The~~of ~~business~~their ofinterests in the Partnership, isor ~~conducted~~to ~~primarily through~~any ~~Associates~~obligations, asincluding ~~the~~income ~~Partnership~~taxes, ~~has no employees~~ of ~~its~~the ~~own~~partners.

The Partnership ~~shall~~Agreement ~~continue~~authorized the sale of up to be25,000 units of limited partnership interest (“Partnership Units”) at $1,000 per Partnership Unit. The offering of Partnership Units has concluded and 25,000 Partnership Units, representing subscriptions in ~~full~~the ~~force~~amount of $24,918,175, net of discounts of $54,595 for volume purchases and ~~effect~~dealer ~~until~~discounts of $27,230 had been accepted. The General Partner has a 1% interest in operating profits and losses, taxable income and losses, in cash available for distribution from the Partnership and Low Income Housing Tax Credits of the Partnership. As of December 31, ~~2052~~2014 ~~unless~~and ~~terminated~~March ~~prior~~31, to2014, ~~that~~a ~~date~~total ~~pursuant to~~of ~~the~~24,793 ~~partnership~~and ~~agreement~~24,853 orPartnership ~~law~~units, respectively, remain outstanding.

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.7

~~The Partnership~~WNC ~~Agreement~~HOUSING ~~authorized~~TAX ~~the~~CREDIT ~~sale~~FUND ~~of up to 25~~VI,~~000~~ ~~units of limited partnership interest (“Partnership Units”) at $1,000 per Partnership Unit~~L. The offering of Partnership Units has concluded and 25,000 Partnership Units, representing subscriptions in the amount of $24,918,175, net of discounts of $54,595 for volume purchases and dealer discounts of $27,230 had been acceptedP. ~~The General Partner has a 1% interest in operating profits and losses~~, ~~taxable~~SERIES income and losses, in cash available for distribution from the Partnership and Low Income Housing Tax Credits of the Partnership. As of September 30, 2014 and March 31, 2014, a total of 24,803 and 24,853 Partnership Units, respectively, remain outstanding.5

~~F-5~~ (A California Limited Partnership)

~~WNC HOUSING~~NOTES ~~TAX~~TO ~~CREDIT~~CONDENSED ~~FUND~~FINANCIAL ~~VI, L.P., SERIES 5~~STATEMENTS

~~(A California~~For ~~Limited~~the ~~Partnership)~~Quarterly Period Ended December 31, 2014

~~NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED~~ (unaudited)

~~For the~~NOTE ~~Quarterly~~1 ~~Period~~- ~~Ended~~SUMMARY ~~September~~OF 30SIGNIFICANT ACCOUNTING POLICIES, ~~2014~~continued

The proceeds from the disposition of any of the Local Limited Partnership properties will be used first to pay debts and other obligations per the respective Local Limited Partnership Agreement. Any remaining proceeds will then be paid to the Partnership. The sale of a Housing Complex may be subject to other restrictions and obligations. 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 amounts of cash will be distributed to the Partnership. Should such distributions occur, the Limited Partners will be entitled to receive distributions equal to their capital contributions and their return on investment (~~unaudited~~as defined in the Partnership Agreement) and the General Partner would then be entitled to receive proceeds equal to its capital contributions 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.

~~NOTE 1~~Risks -and ~~SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued~~ Uncertainties

~~The proceeds~~An ~~from~~investment ~~the~~in ~~disposition of any of~~ the ~~Local Limited~~ Partnership ~~properties will be used first to pay debts~~ and ~~other~~the ~~obligations per~~Partnership’s ~~the~~investments ~~respective~~in Local Limited ~~Partnership~~Partnerships ~~Agreement.~~and ~~Any~~their ~~remaining proceeds will then be paid to the Partnership. The sale of a~~ Housing ~~Complex~~Complexes ~~may~~are be subject to ~~other restrictions and obligations~~risks. These ~~Accordingly,~~risks ~~there~~may ~~can~~impact bethe notax ~~assurance~~benefits ~~that~~of aan ~~Local Limited~~investment ~~Partnership~~in ~~will~~the ~~be able to sell its Housing Complex. Even if it does so~~Partnership, ~~there~~and ~~can~~the beamount ~~no assurance that any significant amounts~~ of ~~cash~~proceeds ~~will~~available befor ~~distributed~~distribution to the ~~Partnership. Should such distributions occur, the~~ Limited Partners, ~~will~~if beany, ~~entitled to receive distributions equal to their capital contributions and their return~~ on ~~investment~~liquidation ~~(as~~of ~~defined in~~ the Partnership’s ~~Agreement) and the General Partner would then be entitled to receive proceeds equal to its capital contributions from the remainder~~investments. Some ~~Any additional~~of ~~sale~~those orrisks ~~refinancing~~include ~~proceeds will be distributed 90% to~~ the ~~Limited Partners (in proportion to their respective investments) and 10% to the General Partner.~~following:

~~Risks~~ 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 ~~Uncertainties~~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 Limited Partners. Low Income Housing Tax Credits may be the only benefit from an investment in the Partnership.

~~An investment~~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. ~~and~~With limited diversity, poor performance of one Housing Complex could impair the Partnership’s ~~investments~~ability into satisfy its investment objectives. Each Housing Complex is subject to mortgage indebtedness. If a Local Limited ~~Partnerships~~Partnership ~~and~~failed ~~their~~to pay its mortgage, it could lose its Housing ~~Complexes are~~Complex ~~subject~~in foreclosure. If foreclosure were to ~~risks.~~occur ~~These~~during ~~risks~~the ~~may~~first ~~impact~~15 years (the ~~tax~~“Compliance ~~benefits~~Period”), the loss of anany remaining future 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, ~~and~~is ~~the~~a ~~amount~~limited partner or non-managing member of ~~proceeds available~~each ~~for~~Local ~~distribution~~Limited Partnership. Accordingly, the Partnership will have very limited rights with respect to management of the Local Limited ~~Partners,~~Partnerships. ifThe ~~any,~~Partnership will rely totally on ~~liquidation~~the ofLocal General Partners. Neither the Partnership’s investments in Local Limited Partnerships, nor the Local Limited Partnerships’ investments in Housing Complexes, are readily marketable. ~~Some~~To ofthe ~~those risks~~extent ~~include~~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 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 Limited Partners. Low Income Housing Tax Credits may be the only benefit from an investment in the Partnership.8

~~The Partnership~~WNC ~~has~~HOUSING ~~invested~~TAX inCREDIT aFUND 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 diversityVI, ~~poor performance of one Housing Complex could impair the Partnership’s ability to satisfy its investment objectives~~L. ~~Each Housing Complex is subject to mortgage indebtedness~~P. ~~If a Local Limited Partnership failed to pay its mortgage~~, itSERIES could lose its Housing Complex in foreclosure. If foreclosure were to occur during the first 15 years (the “Compliance Period”), the loss of any remaining future 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.5

~~F-6~~ (A California Limited Partnership)

~~WNC HOUSING~~NOTES ~~TAX~~TO ~~CREDIT~~CONDENSED ~~FUND~~FINANCIAL ~~VI, L.P., SERIES 5~~STATEMENTS

~~(A California~~For ~~Limited~~the ~~Partnership)~~Quarterly Period Ended December 31, 2014

~~NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED~~(unaudited)

~~For the~~NOTE ~~Quarterly~~1 ~~Period~~- ~~Ended~~SUMMARY ~~September~~OF 30SIGNIFICANT ACCOUNTING POLICIES, ~~2014~~continued

~~(unaudited)~~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 Limited Partners 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.

~~NOTE 1~~All -of ~~SUMMARY~~the OFLow ~~SIGNIFICANT~~Income ~~ACCOUNTING~~Housing ~~POLICIES~~Tax Credits anticipated to be realized from the Local Limited Partnerships have been realized. The Partnership does not anticipate being allocated any Low Income Housing Tax Credits from the Local Limited Partnerships in the future. Until all Local Limited Partnerships have completed the 15 year Low Income Housing Tax Credit Compliance period, ~~continued~~risks exist for potential recapture of prior Low Income Housing Tax Credits received.

~~The ability~~No oftrading ~~Limited~~market ~~Partners~~for ~~to claim tax losses from~~ the Partnership isUnits ~~limited.~~exists ~~The IRS may audit the Partnership~~ or ais ~~Local Limited~~expected ~~Partnership~~to ~~and challenge the tax treatment of tax items~~develop. ~~The amount of Low Income Housing Tax Credits and tax losses allocable to the~~ Limited Partners ~~could~~may be ~~reduced~~unable ifto ~~the~~sell ~~IRS~~their ~~were~~Partnership ~~successful~~Units inexcept ~~such~~at a ~~challenge.~~discount ~~The~~and ~~alternative~~should ~~minimum~~consider ~~tax could~~their ~~reduce~~Partnership ~~tax~~Units ~~benefits~~to ~~from~~be ana ~~investment~~long-term ~~in the Partnership~~investment. ~~Changes~~Individual inLimited ~~tax~~Partners ~~laws~~will ~~could~~have ~~also~~no ~~impact~~recourse ~~the~~if ~~tax~~they ~~benefits~~disagree ~~from~~with ~~an investment~~actions inauthorized ~~the~~by ~~Partnership~~a ~~and/or~~vote of the ~~value~~majority of ~~the~~Limited ~~Housing Complexes~~Partners.

~~All of~~Exit the Low Income Housing Tax Credits anticipated to be realized from the Local Limited Partnerships have been realized. The Partnership does not anticipate being allocated any Low Income Housing Tax Credits from the Local Limited Partnerships in the future. Until all Local Limited Partnerships have completed the 15 year Low Income Housing Tax Credit Compliance period, risks exist for potential recapture of prior Low Income Housing Tax Credits received.Strategy

~~No trading~~The ~~market~~Compliance Period for ~~the~~a ~~Partnership~~Housing ~~Units~~Complex ~~exists or~~ is ~~expected~~generally to15 ~~develop.~~years ~~Limited~~following ~~Partners~~construction ~~may~~or berehabilitation ~~unable~~completion. toAssociates ~~sell~~was ~~their~~one ~~Partnership Units~~of ~~except~~the atfirst ain ~~discount~~the ~~and~~industry ~~should~~to ~~consider~~offer ~~their~~syndicated ~~Partnership~~investments ~~Units~~in toLow beIncome aHousing ~~long-term~~Tax ~~investment~~Credits. The ~~Individual~~initial ~~Limited~~programs ~~Partners will~~ have nocompleted ~~recourse~~their ifCompliance ~~they disagree with actions authorized by a vote of the majority of Limited Partners~~Periods.

~~Exit Strategy~~Upon the sale of a Local Limited Partnership Interest or Housing Complex after the end of the Compliance Period, there would be no recapture of Low Income Housing Tax Credits. A sale prior to the end of the Compliance Period could result in recapture if certain conditions are not met.

~~The Compliance~~With ~~Period~~that ~~for~~in amind, ~~Housing~~the ~~Complex~~General Partner is ~~generally~~continuing 15its ~~years~~review ~~following~~of ~~construction~~the orHousing ~~rehabilitation completion~~Complexes. ~~Associates was~~The ~~one~~review ofconsiders ~~the~~many ~~first~~factors, inincluding ~~the~~extended ~~industry~~use requirements (such as those due to ~~offer~~mortgage ~~syndicated~~restrictions ~~investments~~or instate ~~Low~~compliance ~~Income~~agreements), the condition of the Housing ~~Tax~~Complexes, ~~Credits.~~and ~~The~~the ~~initial~~tax ~~programs~~consequences ~~have completed~~to ~~their~~the ~~Compliance~~Limited ~~Periods~~Partners from the sale of the Housing Complexes.

Upon identifying those Housing Complexes with the ~~sale~~highest ofpotential for a ~~Local~~successful ~~Limited~~sale, refinancing or re-syndication, the Partnership ~~Interest~~expects orto ~~Housing~~proceed ~~Complex~~with ~~after~~efforts ~~the~~to ~~end~~liquidate ofthem. The objective is to maximize the ~~Compliance~~Limited ~~Period~~Partners’ return wherever possible and, ~~there~~ultimately, ~~would~~to wind down the Partnership. Local Limited Partnership interests may be ~~no recapture~~disposed of ~~Low~~any ~~Income~~time ~~Housing~~by ~~Tax~~the ~~Credits~~General Partner in its discretion. While Aliquidation ~~sale~~of ~~prior~~the Housing Complexes continues to be evaluated, the ~~end~~dissolution of the ~~Compliance~~Partnership ~~Period~~was ~~could~~not ~~result~~imminent inas ~~recapture~~of ifDecember ~~certain conditions~~31, ~~are not met~~2014.

~~With that~~As inof ~~mind~~March 31, 2014, the ~~General~~Partnership ~~Partner~~had issold ~~continuing~~ its ~~review~~Local ofLimited ~~the~~Partnership ~~Housing~~Interest ~~Complexes.~~in ~~The~~Murfreesboro ~~review~~Villas, ~~considers~~L.P., ~~many~~Concord ~~factors~~Apartment Partners, ~~including extended~~L.P., ~~use~~Chillicothe ~~requirements~~Plaza ~~(such~~Apartments, asL.P., ~~those~~Enhance, ~~due~~L.P., toEl ~~mortgage~~Reno ~~restrictions~~Housing orAssociates, ~~state~~L.P., ~~compliance~~Austin ~~agreements),~~Gateway ~~the~~Ltd. ~~condition~~and ofHughes ~~the~~Villas Limited Partnership. The Housing Complexes of United Development Co., L.P. 97.1 and ~~the~~United ~~tax~~Development ~~consequences~~Co., toL.P. ~~the~~97.2 ~~Limited~~had ~~Partners~~also ~~from~~been ~~the~~sold ~~sale~~as of ~~the~~March ~~Housing~~31, ~~Complexes~~2014.

~~F-7~~9

WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 5

(A California Limited Partnership)

NOTES TO CONDENSED FINANCIAL STATEMENTS ~~- CONTINUED~~

For the Quarterly Period Ended ~~September~~December 3031, 2014

(unaudited)

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued

~~Upon identifying~~During ~~those~~the ~~Housing~~period ~~Complexes~~ended ~~with~~December ~~the~~31, ~~highest~~2014, ~~potential~~the ~~for~~Housing aComplex ~~successful~~of ~~sale~~Hillcrest Heights, ~~refinancing~~L.P. or(“Hillcrest ~~re-syndication~~Heights”) was sold, terminating the Partnership ~~expects~~’s tointerest ~~proceed~~in ~~with~~the ~~efforts~~Local toLimited ~~liquidate them~~Partnership. ~~The~~Hillcrest ~~objective~~Heights iswas toappraised ~~maximize~~for ~~the~~$860,000 ~~Limited~~and ~~Partners’~~had ~~return~~a ~~wherever~~mortgage ~~possible and,~~balance ~~ultimately~~of $385,000 toas ~~wind~~of ~~down~~December ~~the~~31, ~~Partnership~~2013. ~~Local~~The ~~Limited~~ Partnership ~~interests~~received ~~may~~$324,656 bein ~~disposed~~cash proceeds, of ~~any~~which ~~time~~$249,656 bywas used to reimburse the General Partner inor affiliates for expenses paid on its ~~discretion~~behalf and $75,000 was used to pay accrued asset management fees. ~~While~~The ~~liquidation~~sales ofrelated ~~the~~expenses ~~Housing~~were ~~Complexes~~$4,951 ~~continues~~resulting toin bea ~~evaluated~~gain on sale of $319,705. The investment balance was zero at the ~~dissolution~~time of the sale of the Local Limited Partnership ~~was~~. ~~not~~The ~~imminent~~Compliance asPeriod has been completed therefore there is no risk of ~~September~~recapture ~~30,~~and ~~2014~~investor approval was not required.

~~As of~~During ~~March~~the period ended December 31, 2014, the ~~Partnership~~Housing ~~had~~Complex of Mark Twain Senior Community, L.P (“Mark Twain”) was sold, ~~its~~terminating the Partnership’s interest in the Local Limited Partnership. ~~Interest~~Mark inTwain ~~Murfreesboro~~was ~~Villas~~appraised for $1,800,000 ~~L.P.~~and had a mortgage balance of $1,454,000 ~~Concord~~as ~~Apartment Partners~~of December 31, L2013.P. The Partnership received $1,518,177 ~~Chillicothe~~in ~~Plaza~~cash ~~Apartments~~proceeds, ~~L.P.~~of which $108,240 ~~Enhance~~was used to reimburse the General Partner or affiliates for expenses paid on its behalf, ~~L.P.~~$674,976 Elwas ~~Reno~~used ~~Housing~~to ~~Associates~~pay accrued asset management fees, ~~L.P.~~$455,505 ~~Austin~~to ~~Gateway~~reimburse ~~Ltd.~~the ~~and~~General ~~Hughes Villas.~~Partner ~~The~~or ~~Housing~~its ~~Complexes~~affiliates offor ~~United~~debts ~~Development~~previously ~~Co.~~written off, ~~L.P.~~$259,351 ~~97.1~~for outstanding payables due to the General Partner or its affiliates for advances made to Local Limited Partnerships and ~~United~~$20,075 ~~Development~~was Coplaced in the Partnership’s reserves for future operating expenses. The sales related expenses were $7,770 Lresulting in a gain on sale of $1,510,407.P. 97The investment balance was zero at the time of the sale of the Local Limited Partnership.2 ~~had~~The ~~also~~Compliance Period has been ~~sold~~completed as therefore there is no risk of ~~March~~recapture ~~31,~~and ~~2014~~investor approval was not required.

During the period ended ~~September~~December 3031, 2014, the ~~Housing~~Local ~~Complex~~Limited Partnership interest of ~~Hillcrest~~Spring ~~Heights~~Valley ~~was~~Terrace ~~sold~~Apartments, ~~terminating~~LLC ~~the~~(“Spring ~~Partnership’s~~Valley”) ~~interest in~~was ~~the Local Limited Partnership~~sold. ~~Hillcrest~~Spring ~~Heights~~Valley was appraised for $~~860~~215,000 and had a mortgage balance of $~~385~~690,000 as of December 31, 2013. The Partnership received $~~324~~10,~~656~~000 in cash proceeds, of which ~~$249,656~~ was ~~used~~placed toin ~~reimburse~~ the ~~General~~Partnership’s ~~Partner~~reserves ~~or affiliates~~ for ~~expenses~~future ~~paid~~operating ~~on its behalf and $75,000 was used to pay accrued asset management fees~~expenses. The sales related expenses were $41,~~951~~ 500 resulting in a gain on sale of $~~319~~8,~~705~~500. The investment balance was zero at the time of the sale of the Local Limited Partnership. The Compliance Period has been completed therefore there is no risk of recapture and investor approval was not required.

During the period ended ~~September~~December 3031, 2014, the ~~Housing~~Local ~~Complex~~Limited ofPartnership ~~Mark~~interest ~~Twain~~of ~~Senior~~Bradley ~~Community~~Villas, L.P. (~~Mark~~“Bradley ~~Twain~~Villas”). was sold~~, terminating the Partnership’s interest in the Local Limited Partnership~~. Bradley ~~Mark~~Villas ~~Twain~~ was appraised for $198,~~800,~~000 and had a mortgage balance of $1509,~~454,~~000 as of December 31, 2013. The Partnership received $1~~,518,177~~ in cash proceeds, of which $108,240 was used to reimburse the General Partner or affiliates for expenses paid on its behalf, $674,976 was used to pay accrued asset management fees, $455,505 to reimburse the General Partner or its affiliates for debts previously written off, $259,351 for outstanding payables due to the General Partner or its affiliates for advances made to Local Limited Partnerships and $20,075 was placed in the Partnership’s reserves for future operating expenses. The sales related expenses were $~~7,770~~850 resulting in a ~~gain~~loss onof sale of $~~1,510,407~~849. The investment balance was zero at the time of the sale of the Local Limited Partnership. The Compliance Period has been completed therefore there is no risk of recapture and investor approval was not required.

During the period ended September 30, 2014, the Local Limited Partnership interest of Spring Valley Terrace Apartments, LLC (Spring Valley) was sold. Spring Valley was appraised for $215,000 and had a mortgage balance of $690,000 as of December 31, 2013. The Partnership received $10,000 in cash proceeds which was placed in the Partnership’s reserves for future operating expenses. The sales related expenses were $1,500 resulting in a gain on sale of $8,500. The investment balance was zero at the time of the sale of the Local Limited Partnership. The Compliance Period has been completed therefore there is no risk of recapture and investor approval was not required.

~~F-8~~WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 5

~~WNC HOUSING~~ (A ~~TAX~~California ~~CREDIT~~Limited ~~FUND VI, L.P., SERIES 5~~Partnership)

~~(A California~~NOTES ~~Limited~~TO ~~Partnership)~~CONDENSED FINANCIAL STATEMENTS

~~NOTES TO~~For ~~CONDENSED~~the ~~FINANCIAL~~Quarterly ~~STATEMENTS~~Period -Ended ~~CONTINUED~~December 31, 2014

~~For the Quarterly Period Ended September 30, 2014~~(unaudited)

~~(unaudited)~~NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued

~~NOTE 1~~As -of ~~SUMMARY~~December OF31, ~~SIGNIFICANT~~2014, ~~ACCOUNTING~~the ~~POLICIES,~~Partnership ~~continued~~has identified the following Local Limited Partnerships for possible disposition as listed in the table below.

As of September 30, 2014, the Partnership has identified the following Local Limited Partnerships for possible disposition as listed in the table below.

Local Limited Partnerships	Expected closing date		Appraisal value		Mortgage balance of Local Limited Partnership as of 12/31/2013		Estimated sales proceeds			Estimated sales related expenses		Estimated gain (loss) on sale
Mansur Wood Living Center, L.P.		N/A	$	2,750,000	$	2,962,000		(*	)	$	2,810		(*	)
Apartment Housing of Theodore, LTD		N/A		425,000		981,000		(*	)		-		(*	)

Local Limited Partnerships	Expected closing date	Appraisal value		Mortgage balance of Local Limited Partnership as of 12/31/2013		Estimated sales proceeds		Estimated sales related expenses		Estimated gain (loss) on sale
Bradley Villas, L.P.	N/A	$	98,000	$	509,000		(*)	$	1,350		(*)
Mansur Wood Living Center, L.P.	N/A		2,750,000		2,962,000		234,000		2,622	$	231,378
Apartment Housing of Theodore, LTD.	N/A		425,000		981,000		(*)		2,175		(*)

N/A- The estimated close date has yet to be determined. The Local Limited Partnership is not under contract to be purchased as of the report filing.

~~N/A~~(*)- ~~The~~As ~~estimated~~of ~~close~~the date ~~has~~of ~~yet~~this toreport, bethe ~~determined.~~estimated ~~The~~purchase ~~Local~~price ~~Limited Partnership~~ is ~~not~~still ~~under contract to be purchased as of the report filing~~unknown. ~~Contracts have been drafted and are currently under review by potential purchasers of the Local Limited Partnership interest.~~

~~(*)-As of the date of this report, the estimated purchase price is still unknown.~~11

~~The Compliance~~WNC ~~Period~~HOUSING ~~for~~TAX ~~Bradley~~CREDIT ~~Villas,~~FUND ~~L.P. and Apartment Housing of Theodore~~VI, ~~LTD., has expired so there is no risk of tax credit recapture to the investors in the Partnerships and investor approval is not required. The Compliance Period for Mansur Wood Living Center,~~ L.P. ~~expires December 31~~, ~~2015.~~SERIES Once the sales are finalized, the Partnership will use the cash proceeds to reimburse the General Partner or an affiliate for expenses paid on its behalf or pay accrued asset management fees. Any remaining proceeds will be placed in the partnership’s reserves for future operating expenses. No distributions will be made to the Limited Partners.5

~~Method of~~ (A ~~Accounting~~California ~~for Investments in Local~~ Limited ~~Partnerships~~Partnership)

~~The Partnership~~NOTES ~~accounts~~TO ~~for~~CONDENSED ~~its~~FINANCIAL 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 reviews the carrying amount of an individual investment in a Local Limited Partnership for possible impairment at least annually or 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 allocated to the Partnership and any 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 were capitalized as part of the investment and were being amortized over 30 years.STATEMENTS

~~F-9~~For the Quarterly Period Ended December 31, 2014

~~WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 5~~(unaudited)

~~(A California~~NOTE ~~Limited~~1 ~~Partnership)~~- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued

~~NOTES TO~~The ~~CONDENSED~~Compliance ~~FINANCIAL~~Period ~~STATEMENTS~~for -Apartment ~~CONTINUED~~Housing of Theodore, LTD, has expired so there is no risk of tax credit recapture to the investors in the Partnerships and investor approval is not required. The Compliance Period for Mansur Wood Living Center, L.P expires December 31, 2015. Once the sales are finalized, the Partnership will use the cash proceeds to reimburse the General Partner or an affiliate for expenses paid on its behalf or pay accrued asset management fees. Any remaining proceeds will be placed in the partnership’s reserves for future operating expenses. No distributions will be made to the Limited Partners.

~~For the~~Method ~~Quarterly~~of ~~Period~~Accounting ~~Ended~~for ~~September~~Investments ~~30,~~in ~~2014~~Local Limited Partnerships

~~(unaudited)~~The Partnership accounts 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 reviews the carrying amount of an individual investment in a Local Limited Partnership for possible impairment at least annually or 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 allocated 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 and were being amortized over 30 years.

~~NOTE 1~~“Equity in losses of Local Limited Partnerships” for the periods ended December 31, 2014 and 2013 has been recorded by the Partnership. Management’s estimate for the three and nine-month ~~SUMMARY~~periods OFis ~~SIGNIFICANT~~based ~~ACCOUNTING~~on ~~POLICIES~~either actual unaudited results reported by the Local Limited Partnerships or historical trends in the operations of the Local Limited Partnerships. Equity in losses of Local Limited Partnerships allocated to the Partnership are not recognized to the extent that the investment balance would be adjusted below zero. If the Local Limited Partnerships report net income in future years, ~~continued~~the Partnership will resume applying the equity method only after its share of such net income equals the share of net losses not recognized during the period(s) the equity method was suspended (see Note 2).

~~“Equity in~~In ~~losses~~accordance ofwith ~~Local~~the ~~Limited~~accounting ~~Partnerships”~~guidance for the ~~periods~~consolidation ~~ended~~of ~~September~~variable 30interest entities, ~~2014~~the ~~and~~Partnership ~~2013~~determines ~~has~~when ~~been~~it ~~recorded~~should byinclude the ~~Partnership. Management’s~~assets, ~~estimate~~liabilities, ~~for~~and ~~the~~activities ~~three~~of a variable interest entity (VIE) in its financial statements, and ~~six-month~~when ~~periods~~it isshould ~~based~~disclose oninformation ~~either~~about ~~actual~~its ~~unaudited~~relationship ~~results~~with ~~reported~~a byVIE. ~~the~~The ~~Local Limited~~analysis ~~Partnerships~~that ormust ~~historical~~be ~~trends~~performed into ~~the~~determine ~~operations~~which ofentity ~~the~~should ~~Local~~consolidate ~~Limited~~a ~~Partnerships.~~VIE ~~Equity~~focuses inon ~~losses~~control ofand ~~Local~~economic ~~Limited Partnerships~~factors. ~~allocated~~A toVIE ~~the~~is ~~Partnership~~a ~~are~~legal ~~not~~structure ~~recognized~~used to ~~the~~conduct ~~extent~~activities ~~that~~or ~~the~~hold ~~investment~~assets, ~~balance~~which ~~would~~must be ~~adjusted~~consolidated ~~below zero.~~by Ifa company if it is the ~~Local~~primary ~~Limited~~beneficiary ~~Partnerships~~because ~~report~~it ~~net~~has ~~income~~(1) inthe ~~future~~power ~~years,~~to direct the ~~Partnership~~activities ~~will~~of ~~resume~~the ~~applying~~VIE that most significantly impact the ~~equity~~VIE's ~~method only~~economic ~~after~~performance ~~its~~and ~~share~~(2) ofthe ~~such~~obligation ~~net~~to ~~income~~absorb ~~equals~~losses or receive benefits that could potentially be significant to the VIE. If multiple unrelated parties share ofsuch ~~net~~power, ~~losses~~as ~~not~~defined, ~~recognized~~no ~~during~~party will be required to consolidate the ~~period(s)~~VIE. Further, the ~~equity~~guidance ~~method~~requires ~~was suspended~~continual ~~(see~~reconsideration ~~Note~~of 2)the primary beneficiary of a VIE.

In accordance with the accounting guidance for the consolidation of variable interest entities, the Partnership determines when it should include the assets, liabilities, and activities of a variable interest entity (VIE) in its financial statements, and when it should disclose information about its relationship with a VIE. The analysis that must be performed to determine which entity should consolidate a VIE focuses on control and economic factors. A VIE is a legal structure used to conduct activities or hold assets, which must be consolidated by a company if it is the primary beneficiary because it has (1) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (2) the obligation to absorb losses or receive benefits that could potentially be significant to the VIE. If multiple unrelated parties share such power, as defined, no party will be required to consolidate the VIE. Further, the guidance requires continual reconsideration of the primary beneficiary of a VIE.12

~~Based on~~WNC ~~this~~HOUSING ~~guidance,~~TAX ~~the~~CREDIT ~~Local~~FUND ~~Limited Partnerships in which the Partnership invests meet the definition of a VIE because the owners of the equity at risk in these entities do not have the power to direct their operations. However~~VI, management does not consolidate the Partnership’s interests in these VIEs, as it is not considered to be the primary beneficiary since it does not have the power to direct the activities that are considered most significant to the economic performance of these entitiesL. The Partnership currently records the amount of its investment in these Local Limited Partnerships as an asset on its balance sheets, recognizes its share of partnership income or losses in the statements of operations, and discloses how it accounts for material types of these investments in its financial statementsP. ~~The Partnership’s balance in investment in Local Limited Partnerships~~, ~~plus the~~SERIES risk of recapture of tax credits previously recognized on these investments, represents its maximum exposure to loss. The Partnership’s exposure to loss on these Local Limited Partnerships 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 to the investors in the Partnership.5

~~Distributions received~~ (A byCalifornia ~~the~~Limited Partnership are accounted for as a reduction of the investment balance. Distributions received after the investment has reached zero are recognized as income. As of September 30, 2014, all of the investment balances had reached zero.)

~~Use of~~NOTES ~~Estimates~~TO CONDENSED FINANCIAL STATEMENTS

~~The preparation~~For ~~of financial statements in conformity with accounting principles generally accepted in~~ the ~~United~~Quarterly ~~States~~Period ofEnded ~~America requires~~December ~~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~~31, ~~and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates.~~2014

~~Cash and Cash Equivalents~~(unaudited)

~~The Partnership~~NOTE ~~considers~~1 ~~all~~- ~~highly~~SUMMARY ~~liquid~~OF ~~investments~~SIGNIFICANT ~~with~~ACCOUNTING ~~original~~POLICIES, ~~maturities of three months or less when purchased to be cash equivalents. The Partnership had no cash equivalents for all periods presented.~~continued

~~F-10~~Based on this guidance, the Local Limited Partnerships in which the Partnership invests meet the definition of a VIE because the owners of the equity at risk in these entities do not have the power to direct their operations. However, management does not consolidate the Partnership's interests in these VIEs, as it is not considered to be the primary beneficiary since it does not have the power to direct the activities that are considered most significant to the economic performance of these entities. The Partnership currently records the amount of its investment in these Local Limited Partnerships as an asset on its balance sheets, recognizes its share of partnership income or losses in the statements of operations, and discloses how it accounts for material types of these investments in its financial statements. The Partnership's balance in investment in Local Limited Partnerships, plus the risk of recapture of tax credits previously recognized on these investments, represents its maximum exposure to loss. The Partnership's exposure to loss on these Local Limited Partnerships 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 to the investors in the Partnership.

~~WNC HOUSING~~Distributions ~~TAX~~received ~~CREDIT~~by ~~FUND~~the ~~VI,~~Partnership Lare accounted for as a reduction of the investment balance.P Distributions received after the investment has reached zero are recognized as income. As of December 31, ~~SERIES~~2014, 5all of the investment balances had reached zero.

~~(A California~~Use ~~Limited~~of ~~Partnership)~~Estimates

~~NOTES TO~~The ~~CONDENSED~~preparation ~~FINANCIAL~~of ~~STATEMENTS~~financial -statements ~~CONTINUED~~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.

~~For the~~Cash ~~Quarterly~~and ~~Period~~Cash ~~Ended September 30, 2014~~Equivalents

~~(unaudited)~~The Partnership considers all highly liquid investments with original maturities of three months or less when purchased to be cash equivalents. The Partnership had no cash equivalents for all periods presented.

~~NOTE 1~~Reporting -Comprehensive ~~SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued~~Income

~~Reporting Comprehensive~~The ~~Income~~Partnership had no items of other comprehensive income for all periods presented.

~~The Partnership~~Income ~~had no items of other comprehensive income for all periods presented.~~Taxes

The Partnership has elected to be treated as a pass-through entity for income tax purposes and, as such, is not subject to income taxes. Rather, all items of taxable income, deductions and tax credits are passed through to and are reported by its owners on their respective income tax returns. The Partnership’s federal tax status as a pass-through entity is based on its legal status as a partnership. Accordingly, the Partnership is not required to take any tax positions in order to qualify as a pass-through entity. The Partnership is required to file and does file tax returns with the Internal Revenue Service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Partnership has no other tax positions which must be considered for disclosure. Income ~~Taxes~~ tax returns filed by the Partnership are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2011 remain open.

The Partnership has elected to be treated as a pass-through entity for income tax purposes and, as such, is not subject to income taxes. Rather, all items of taxable income, deductions and tax credits are passed through to and are reported by its owners on their respective income tax returns. The Partnership’s federal tax status as a pass-through entity is based on its legal status as a partnership. Accordingly, the Partnership is not required to take any tax positions in order to qualify as a pass-through entity. The Partnership is required to file and does file tax returns with the Internal Revenue Service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Partnership has no other tax positions which must be considered for disclosure. Income tax returns filed by the Partnership are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2011 remain open.13

~~Net~~WNC ~~Loss Per~~HOUSING ~~Partnership~~TAX ~~Unit~~CREDIT FUND VI, L.P., SERIES 5

~~Net loss~~ (A ~~per~~California ~~Partnership Unit includes no dilution and is computed by dividing loss available to~~ Limited ~~Partners by the weighted average number of~~ Partnership ~~Units outstanding during the period. Calculation of diluted net loss per Partnership Unit is not required.~~)

~~Revenue Recognition~~NOTES TO CONDENSED FINANCIAL STATEMENTS

~~The Partnership~~For ~~is entitled to receive reporting fees from~~ the ~~Local~~Quarterly ~~Limited~~Period ~~Partnerships.~~Ended ~~The~~December intent of the reporting fees is to offset (in part) administrative costs incurred by the Partnership in corresponding with the Local Limited Partnerships. Due to the uncertainty of the collection of these fees31, ~~the Partnership recognizes reporting fees as collections are made.~~2014

~~F-11~~(unaudited)

~~WNC HOUSING~~NOTE ~~TAX~~1 ~~CREDIT~~- ~~FUND~~SUMMARY ~~VI,~~OF ~~L.P.,~~SIGNIFICANT ~~SERIES~~ACCOUNTING 5POLICIES, continued

~~(A California~~Net ~~Limited~~Loss Per Partnership) Unit

~~NOTES TO~~Net ~~CONDENSED~~loss ~~FINANCIAL~~per ~~STATEMENTS~~Partnership -Unit ~~CONTINUED~~includes no dilution and is computed by dividing loss available to Limited Partners by the weighted average number of Partnership Units outstanding during the period. Calculation of diluted net loss per Partnership Unit is not required.

~~For the~~Revenue ~~Quarterly Period Ended September 30, 2014~~Recognition

The Partnership is entitled to receive reporting fees from the Local Limited Partnerships. The intent of the reporting fees is to offset (~~unaudited~~in part) administrative costs incurred by the Partnership in corresponding with the Local Limited Partnerships. Due to the uncertainty of the collection of these fees, the Partnership recognizes reporting fees as collections are made.

NOTE 2 - INVESTMENTS IN LOCAL LIMITED PARTNERSHIPS

As of ~~September~~December 3031, 2014 and March 31, 2014, the Partnership owns limited partnership interests in 32 and 6 Local Limited Partnerships, respectively, each of which owns one Housing Complex consisting of an aggregate ~~175~~of 155 and 333 apartment units, respectively. The respective Local General Partners of the Local Limited Partnerships manage the day to day operations of the entities. Significant Local Limited Partnership business decisions require approval from the Partnership. The Partnership, as a limited partner, is generally entitled to 99.9%, as specified in the Local Limited Partnership agreements, of the operating profits and losses, taxable income and losses, and Low Income Housing Tax Credits of the Local Limited Partnerships.

Selected financial information for the ~~six~~nine months ended ~~September~~December 3031, 2014 and 2013 from the unaudited combined condensed financial statements of the Local Limited Partnerships in which the Partnership has invested is as follows:

COMBINED CONDENSED STATEMENTS OF OPERATIONS

	2014			2013
Revenues	$	~~653~~912,000		$	1,~~197~~521,000
Expenses:
Interest expense		~~142~~204,000			~~240~~282,000
Depreciation and amortization		~~279~~402,000			~~413~~510,000
Operating expenses		~~489~~664,000			~~910~~1,161,000
Total expenses		~~910~~1,270,000			1,~~563~~953,000
Net loss	$	(~~257~~358,000	)	$	(~~366~~432,000	)
Net loss allocable to the Partnership	$	(~~254~~354,000	)	$	(~~364~~429,000	)
Net loss recorded by the Partnership	$	-		$	-

Certain Local Limited Partnerships have incurred significant operating losses and/or have working capital deficiencies. In the event these Local Limited Partnerships continue to incur significant operating losses, additional capital contributions by the Partnership may be required to sustain operations of such Local Limited Partnerships. The Compliance Period for a Housing Complex is generally 15 years following construction or rehabilitation completion. Associate was one of the first in the industry to offer syndicated investments in Low Income Housing Tax Credits. The initial programs have completed their Compliance Period.14

~~F-12~~WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 5

~~WNC HOUSING~~ (A ~~TAX~~California ~~CREDIT~~Limited ~~FUND VI, L.P., SERIES 5~~Partnership)

~~(A California~~NOTES ~~Limited~~TO ~~Partnership)~~CONDENSED FINANCIAL STATEMENTS

~~NOTES TO~~For ~~CONDENSED~~the ~~FINANCIAL~~Quarterly ~~STATEMENTS~~Period -Ended ~~CONTINUED~~December 31, 2014

~~For the Quarterly Period Ended September 30, 2014~~(unaudited)

~~(unaudited)~~NOTE 2 - INVESTMENTS IN LOCAL LIMITED PARTNERSHIPS, continued

~~NOTE 3~~Certain -Local ~~RELATED~~Limited ~~PARTY~~Partnerships ~~TRANSACTIONS~~have incurred significant operating losses and/or have working capital deficiencies. In the event these Local Limited Partnerships continue to incur significant operating losses, additional capital contributions by the Partnership may be required to sustain operations of such Local Limited Partnerships. The Compliance Period for a Housing Complex is generally 15 years following construction or rehabilitation completion. Associate was one of the first in the industry to offer syndicated investments in Low Income Housing Tax Credits. The initial programs have completed their Compliance Period.

~~Under the~~NOTE ~~terms~~3 of- ~~the~~RELATED ~~Partnership~~PARTY ~~Agreement, the Partnership has paid or is obligated to the General Partner or its affiliates the following fees:~~TRANSACTIONS

~~(a)~~Under ~~An annual asset management fee equal to 0.2% of~~ the ~~Invested~~terms ~~Assets~~ of the Partnership, as defined respectively. “Invested Assets” means the sum of the Partnership’s investment in Local Limited Partnership interests and the Partnership’s allocable share of mortgage loans on and other debts related to the Housing Complexes owned by such Local Limited Partnerships. Asset management fees of $17Agreement,~~291~~ ~~and $24,220 were incurred during~~ the ~~six months ended September 30, 2014 and 2013, respectively, of which $749,976 and $0 was paid during the six months ended September 30, 2014 and 2013, respectively. (b) The~~ Partnership ~~reimburses~~has ~~the General Partner or its affiliates for operating expenses incurred by the Partnership and~~ paid ~~for by the General Partner~~ or its affiliates on behalf of the Partnership. Operating expense reimbursements of $357,896 and $0 were made during the six months ended September 30, 2014 and 2013, respectively. (c) A subordinated disposition fee in an amount equal to 1% of the sales price of real estate sold. Payment of this fee is ~~subordinated~~obligated to the ~~limited partners receiving a preferred return of 12% through December 31, 2008 and 6% thereafter (as defined in the Partnership Agreement) and is payable only if the~~ General Partner or its affiliates ~~render services in~~ the ~~sales~~following ~~effort. No such fee was incurred for all periods presented.~~fees:

~~The accrued~~(a) ~~fees~~An annual asset management fee equal to 0.2% of the Invested Assets of the Partnership, as defined respectively. “Invested Assets” means the sum of the Partnership’s investment in Local Limited Partnership interests and ~~expenses~~the ~~due~~Partnership’s allocable share of mortgage loans on and other debts related to the ~~General~~Housing ~~Partner~~Complexes owned by such Local Limited Partnerships. Asset management fees of $24,598 and ~~affiliates~~$34,310 ~~consist~~were incurred during the nine months ended December 31, 2014 and 2013, respectively, of which $749,976 and $0 was paid during the ~~following~~nine ~~at:~~months ended December 31, 2014 and 2013, respectively.

	September 30, 2014		March 31, 2014
Expenses paid by the General Partner or an affiliate on behalf of the Partnership	$	12,180	$	354,619
Advances made to the Partnership from the General Partner or affiliates		-		227,025
Asset management fee payable		8,198		740,883
Total	$	20,378	$	1,322,527

(b)

The Partnership reimburses the General Partner or its affiliates for operating expenses incurred by the Partnership and paid for by the General Partner or its affiliates on behalf of the Partnership. Operating expense reimbursements paid were $357,895 and $0 during the nine months ended December 31, 2014 and 2013, respectively.

~~The General~~(c) ~~Partner~~A ~~and/or~~subordinated ~~its~~disposition ~~affiliates~~fee doin ~~not~~an ~~anticipate~~amount ~~that~~equal ~~these~~to ~~accrued~~1% ~~fees~~of ~~will~~the besales ~~paid~~price ~~until~~of ~~such~~real ~~time~~estate assold. ~~capital~~Payment ~~reserves are~~of inthis ~~excess~~fee ofis ~~future~~subordinated ~~foreseeable~~to ~~working~~the ~~capital~~limited ~~requirements~~partners receiving a preferred return of 12% through December 31, 2008 and 6% thereafter (as defined in the Partnership Agreement) and is payable only if the General Partner or its affiliates render services in the sales effort. No such fee was incurred for all periods presented.

~~NOTE 4~~The -accrued ~~ADVANCES~~fees TOand ~~LOCAL~~expenses ~~LIMITED~~due ~~PARTNERSHIPS~~to the General Partner and affiliates consist of the following at:

As of September 30, 2014 and March 31, 2014, the Partnership in total had voluntarily advanced $279,580 and $312,223 to two Local Limited Partnerships, Hillcrest Heights, L.P. and Mansur Wood Living Center, L.P. No advances were made during the six months ended September 30, 2014. All advances were reserved for in full during the period they were advanced.

	December 31, 2014		March 31, 2014

Expenses paid by the General Partner or an affiliate on behalf of the Partnership	$	23,942	$	354,619
Advances made to the Partnership from the General Partner or affiliates		-		227,025
Asset management fee payable		15,505		740,883

Total	$	39,447	$	1,322,527

~~NOTE 5~~The -General ~~RETURN~~Partner OFand/or ~~CAPITAL~~its affiliates do not anticipate that these accrued fees will be paid until such time as capital reserves are in excess of future foreseeable working capital requirements of the Partnership.

During prior years, the Partnership was relieved of debt which was owed to the General Partner or an affiliate. The debt was a result of advances that had previously been made to the Partnership by the General Partner or affiliate to aid the Partnership in providing funding to several Local Limited Partnerships which were experiencing operational issues. During the six months ended September 30, 2014, $455,505 was reimbursed to the General Partner for repayment of the previously written off amounts, the repayment was a result of the sales proceeds that resulted from the disposition of one of the Local Limited Partnerships.15

~~F-13~~WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 5

~~Item~~ (A 2.California ~~Management’s~~Limited ~~Discussion and Analysis of Financial Condition and Results of Operations~~Partnership)

~~Forward-Looking~~NOTES ~~Statements~~TO CONDENSED FINANCIAL STATEMENTS

~~With~~For the ~~exception~~Quarterly ofPeriod ~~the~~Ended ~~discussion~~December ~~regarding historical information~~31, this “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and other discussions elsewhere in this Form 10-Q contain forward looking statements. Such statements are based on current expectations subject to uncertainties and other factors which may involve known and unknown risks that could cause actual results of operations to differ materially from those projected or implied. Further, certain forward-looking statements are based upon assumptions about future events which may not prove to be accurate.2014

Risks and uncertainties inherent in forward looking statements include, but are not limited to, the Partnership’s 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.(unaudited)

~~Subsequent~~NOTE ~~written~~4 ~~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~~-Q ~~and~~ADVANCES inTO ~~other~~LOCAL ~~reports~~LIMITED ~~filed with the Securities and Exchange Commission.~~PARTNERSHIPS

~~The~~As ~~following~~of ~~discussion~~December, 2014 and ~~analysis~~March ~~compares~~ 31, 2014, the ~~results~~Partnership ofin ~~operations~~total had voluntarily advanced $300,080 and $279,580, respectively, to Mansur Wood Living Center, L.P. All advances were reserved for in full during the ~~three~~period ~~and~~they ~~six~~were ~~months~~advanced. ~~ended~~As ~~September~~of 30March 31, 2014, ~~and~~the ~~2013~~Partnership had voluntarily advanced $32,623 ~~and~~to ~~should~~Hillcrest beHeights, ~~read~~L.P. All advances were reserved for in ~~conjunction~~full ~~with~~ during the ~~condensed~~period ~~unaudited~~they ~~financial~~were ~~statements~~advanced. ~~and~~Hillcrest ~~accompanying~~Heights, ~~notes~~L.P ~~included~~was ~~within~~sold ~~this~~during ~~report~~the period ended December 31, 2014, therefore, the related advances and reserves were written off.

~~Financial~~NOTE ~~Condition~~5 - RETURN OF CAPITAL

~~The~~During prior years, the Partnership~~’s assets~~ atwas ~~September~~relieved ~~30,~~of ~~2014~~debt ~~consisted~~which was owed to the General Partner or an affiliate. The debt was a result of ~~$55,000~~advances inthat ~~cash~~had ~~and~~previously ~~$6,000~~been made to the Partnership by the General Partner or affiliate to aid the Partnership in ~~other~~providing ~~assets~~funding to several Local Limited Partnerships which were experiencing operational issues. ~~Liabilities~~During atthe ~~September~~nine 30months ended December 31, 2014 ~~consisted~~, $455,505 was reimbursed to the General Partner for repayment of ~~$20~~the previously written off amounts,~~000~~ the repayment was a result of ~~accrued~~the ~~fees~~sales ~~and~~proceeds ~~expenses~~that ~~due~~resulted tofrom the ~~General~~disposition ~~Partner~~of ~~and~~one ~~affiliates~~of the Local Limited Partnerships.

~~Results of Operations~~16

~~Three~~Item ~~Months Ended September 30, 2014 Compared to the Three Months Ended September 30, 2013~~2. ~~The Partnership’~~ Management's ~~net~~Discussion income for the three months ended September 30, 2014 was $1,481,000 reflecting an increase of approximately $1,544,000 from the $63,000 net loss experienced for the three months ended September 30, 2013. The increase was partially due to an increase of $1,519,000 in gain on sale of Local Limited Partnerships during the three months ended September 30, 2014. The gains recorded vary from period to period depending on sale prices and ~~values~~Analysis of ~~Local~~Financial ~~Limited~~Condition ~~Partnerships sold. For the three months ended September 30, 2014, legal~~ and ~~accounting~~Results ~~expenses decreased by $18,000 compared to the three months ended September 30, 2013. This was due to legal expenses related to the Wells Fargo lawsuit against the Local General Partner~~ of United Development Co., L.P. – 97.1 (“UD 97.1”) and United Development Co., L.P. – 97.2 (“UD 97.2) during the three months ended September 30, 2013. Reporting fees increased by $2,000 for the three months ended September 30, 2014. Local Limited Partnerships pay reporting fees to the Partnership when the Local Limited Partnerships’ cash flows will allow for payment. There was a $4,000 decrease in asset management fees during the three months ended September 30, 2014. These fees are calculated based on the Invested Assets. As Local Limited Partnerships are sold, the Invested Assets decrease, thereby decreasing the asset management fees that are incurred.Operations

3Forward-Looking Statements

~~Item 2.~~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-Q contain forward looking statements. Such statements are based on current expectations subject to uncertainties and other factors which may involve known and unknown risks that could cause actual results of operations to differ materially from those projected or implied. Further, ~~continued~~certain forward-looking statements are based upon assumptions about future events which may not prove to be accurate.

~~Six Months~~Risks ~~Ended~~and ~~September~~uncertainties ~~30,~~inherent ~~2014~~in ~~Compared~~forward tolooking ~~the~~statements ~~Six~~include, ~~Months~~but ~~Ended~~are ~~September~~not 30limited to, ~~2013.~~the ~~The~~ Partnership’s ~~net~~future ~~income~~cash ~~for the~~flows ~~six~~and ~~months~~ability ended September 30, 2014 was $1,789,000, reflecting an increase of approximately $1,953,000 from the $164,000 net loss experienced for the six months ended September 30, 2013. The increase was partially due to anobtain ~~increase~~sufficient ~~of $1~~financing,~~839,000~~ inlevel ~~gain on sale~~ of ~~Local~~operating Limited Partnerships during the six months ended September 30, 2014. The gains recorded vary from period to period depending on sale prices and values of Local Limited Partnerships sold. For the six months ended September 30, 2014, legal and accounting expenses ~~decreased by $97~~,~~000~~ ~~compared~~conditions toin the ~~three~~Low ~~months~~Income ~~ended~~Housing ~~September~~Tax ~~30,~~Credit ~~2013.~~property ~~This~~market ~~was due to legal expenses related to the Wells Fargo lawsuit against the Local General Partner of United Development Co., L.P. – 97.1 (“UD 97.1”)~~ and ~~United Development Co., L.P. – 97.2 (“UD 97.2”) incurred during~~ the ~~six~~economy months ended September 30, 2013. Reporting fees increased by $8,000 for the six months ended September 30, 2014. Local Limited Partnerships pay reporting fees to the Partnership when the Local Limited Partnerships’ cash flows will allow for payment. There was a $7,000 decrease in ~~asset~~ ~~management fees during the six months ended September 30~~general, ~~2014.~~as ~~These~~well ~~fees~~as ~~are~~legal ~~calculated based on the Invested Assets~~proceedings. As Historical ~~Local~~results ~~Limited Partnerships~~ are ~~sold,~~not ~~the~~necessarily ~~Invested~~indicative ~~Assets~~of ~~decrease, thereby decreasing~~ the ~~asset~~operating ~~management~~results ~~fees that are incurred. There was an increase of $1,000 in write off of other assets~~ for ~~the~~any ~~six~~future ~~months ended September 30, 2014~~period. ~~Capitalized costs from the potential disposition of Local Limited partnerships were expensed due to the length of time it had taken to dispose of the properties.~~

~~Liquidity~~ Subsequent written and ~~Capital~~oral ~~Resources~~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-Q and in other reports filed with the Securities and Exchange Commission.

~~Six Months Ended September 30, 2014 Compared to Six Months Ended September 30, 2013.~~ The ~~net increase~~following indiscussion ~~cash~~and ~~during~~analysis ~~the~~compares ~~six months ended September 30, 2014 was $38,000 compared to a net decrease in cash during~~ the ~~six months~~results ~~ended September 30, 2013~~ of ~~$11,000.~~operations ~~The~~for ~~increase during~~ the ~~six~~three months ended September 30, 2014 was due to a $1,839,000 increase in net cash proceeds from the disposition of its Local Limited Partnerships. Proceeds received from the disposition of Local Limited partnerships will vary from period to period as discussed above. Additionally, the Partnership paid $456,000 of disposition proceeds to the General partner for advances previously forgiven and ~~$259,000~~nine ~~to the General Partner for outstanding payables for advances made to Local Limited Partnerships. During the six~~ months ended ~~September~~December 3031, 2014, ~~there~~and ~~were no payments to outstanding accounts payable compared to $11,000 paid during the six months ended September 30,~~ 2013~~. During the six months ended September 30~~, ~~2014, the Partnership paid to the General Partner or an affiliate for accrued asset management fees~~ and ~~reimbursements~~should ofbe ~~operating~~read ~~expenses~~in ~~which~~conjunction ~~were~~with ~~paid~~the oncondensed ~~its~~unaudited ~~behalf~~financial ~~$750,000~~statements and ~~$358,000~~accompanying ~~compared~~notes toincluded nowithin ~~reimbursements made~~this ~~to the General Partner or an affiliate during the six months ended September 30, 2013~~report.

~~During the~~Financial six months ended September 30, 2014, accrued payables, which consist primarily of related party asset management fees and advances due to the General Partner, decreased by $1,302,000. The General Partner does not anticipate that the balance of the accrued fees and advances will be paid until such time as capital reserves are in excess of foreseeable working capital requirements of the Partnership.Condition

~~Recent Accounting~~The ~~Changes~~Partnership’s assets at December 31, 2014 consisted of $35,000 in cash and $3,000 in other assets. Liabilities at December 31, 2014 consisted of $39,000 of accrued fees and expenses due to the General Partner and affiliates.

~~In January~~Results 2014, the FASB issued an amendment to the accounting and disclosure requirements for investments in qualified affordable housing projects. The amendments provide guidance on accounting for investments by a reporting entity in flow-through limited liability entities that manage or invest in affordable housing projects that qualify for the low-income housing tax credit. The amendments permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received, and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). The amendments are effective for interim and annual periods beginning after December 15, 2014 and should be applied retrospectively to all periods presented. Early adoption is permitted. The adoption of this update is not expected to materially affect the Partnership’s financial statements.Operations

4Three Months Ended December 31, 2014 Compared to Three Months Ended December 31, 2013. The Partnership’s net loss for the three months ended December 31, 2014 was $42,000 reflecting a decrease of approximately $8,000 from the $34,000 net loss experienced for the three months ended December 31, 2013. The increase in net loss was partially due to a $21,000 increase in write off of advances to Local Limited Partnerships for the three months ended December 31, 2014. The advances and write offs vary from period to period based on the needs of the Local Limited Partnership. There was a $7,000 decrease in legal and accounting fees for the three months ended December 31, 2014. The decrease was due to legal expenses related to the Wells Fargo lawsuit against the Local General Partner of United Development Co., L.P.- 97.1 (“UD 97.1) and United Development Co., L.P.- 97.2 (“UD 97.2) during the three months ended December 31, 2013. Loss on sale of Local Limited Partnerships decreased by $7,000 during the nine months ended December 31, 2014. The losses recorded vary from period to period depending on sale prices and values of Local Limited Partnerships sold. There was a $3,000 decrease in asset management fees during the three months ended December 31, 2014. These fees are calculated based on the Invested Assets. As Local Limited Partnerships are sold, the Invested Assets decrease, thereby decreasing the asset management fees. Lastly, there was an increase of $5,000 in write offs of other assets. Capitalized costs from potential disposition of Local Limited Partnerships were expensed due to the length of time it has taken to dispose those properties.

~~Item 3. Quantitative and Qualitative Disclosures About Market Risks~~17

~~NOT APPLICABLE~~Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations, continued

~~Item 4~~Nine Months Ended December 31, 2014 Compared to Nine Months Ended December 31, 2013 The Partnership’s net income for the nine months ended December 31, 2014 was $1,747,000, reflecting an increase of approximately $1,945,000 from the $198,000 net loss experienced for the nine months ended December 31, 2013. The ~~Controls~~increase was partially due to an increase of $1,846,000 in gain (loss) sale of Local Limited Partnerships during the nine months ended December 31, 2014. The gains or losses recorded vary from period to period depending on sale prices and ~~Procedures~~values of Local Limited Partnerships sold. For the nine months ended December 31, 2014, legal and accounting fees decreased by $104,000 compared to the nine months ended December 31, 2013. The decrease was due to legal expenses related to the Wells Fargo lawsuit against the Local General Partner of United Development Co., L.P.-97.1 (“UD 97.1) and United Development Co., L.P.- 97.2 (“UD 97.2) during the three months ended December 31, 2013. There was an increase of $21,000 in write off of advances due to Local Limited Partnerships for the nine months ended December 31, 2014. The advances and write off vary from period to period based on the needs of the Local Limited Partnerships. There was a $10,000 decrease in asset management fees during the nine months ended December 31, 2014. These fees are calculated based on the Invested Assets. As Local Limited Partnerships are sold, the Invested Assets decreased, thereby decreasing the asset management fees that are incurred. There was an increase of $6,000 in write offs of other assets during the nine months ended December 31, 2014. Capitalized costs from the potential disposition of Local Limited Partnerships were expensed due to the length of time it had taken to dispose of the properties. Lastly, reporting fees increased by $8,000 during the nine months ended December 31, 2014. Local Limited Partnerships pay reporting fees to the Partnership when Local Limited Partnerships’ cash flows allow for payment.

~~(a)~~Liquidity ~~Disclosure controls~~ and ~~procedures~~Capital Resources

~~As of~~Nine ~~the~~Months ~~end~~Ended ofDecember ~~the~~31, ~~period~~2014 ~~covered~~Compared byto ~~this~~Nine ~~report~~Months Ended December 31, 2013 The net increase in cash during the ~~Partnership’s~~nine ~~General~~months ~~Partner~~ended December 31, ~~under~~2014 ~~the~~was ~~supervision~~$18,000 ~~and~~compared ~~with~~to ~~the~~a ~~participation of~~net ~~the~~decrease ~~Chief~~in ~~Executive~~cash ~~Officer~~during ~~and~~the ~~Chief~~nine ~~Financial~~months ~~Officer~~ended December 31, 2013 of ~~Associates~~$11,000. ~~carried~~The ~~out~~change anwas ~~evaluation~~partially ofdue to a $1,846,000 increase in net cash proceeds from the ~~effectiveness~~disposition of ~~the~~ its Local Limited Partnership’s. ~~“disclosure~~Proceeds ~~controls~~received ~~and~~from ~~procedures”~~the disposition of local Limited Partnerships will vary from period to period as ~~defined~~discussed inabove. ~~Securities~~In ~~Exchange~~addition, ~~Act~~the Partnership paid $456,000 of ~~1934~~disposition ~~Rule~~proceeds ~~13a-15 and~~to ~~15d-15~~the General partner for advances previously forgiven. ~~Based~~During onthe ~~that~~nine ~~evaluation~~months ended December 31, 2014, the ~~Chief~~Partnership ~~Executive~~advanced ~~Officer~~$21,000 ~~and~~to ~~Chief~~Local ~~Financial~~Limited ~~Officer~~Partnerships. The ~~have~~advances ~~concluded~~to ~~that,~~troubled asLocal ofLimited Partnerships can vary each year depending on the ~~end~~ operations of the ~~period~~individual ~~covered~~Local byLimited ~~this~~Partnerships. ~~report,~~During the ~~Partnership’s~~nine ~~disclosure~~months ~~controls~~ended ~~and~~December ~~procedures~~31, 2014, there were ~~not~~no ~~effective~~payments to ~~ensure that~~outstanding ~~material~~accounts ~~information~~payable ~~required~~compared to be$11,000 ~~disclosed~~paid induring the ~~Partnership’s~~nine ~~periodic~~months ~~report~~ended ~~filings~~December ~~with~~31, ~~SEC~~2013. isThe ~~recorded,~~Partnership ~~processed~~reimbursed $358, ~~summarized~~000 and ~~reported~~$750,000 ~~within~~to the ~~time~~general ~~period~~partner ~~specified~~of byaffiliates ~~the~~for ~~SEC’s~~operating ~~rules~~expenses paid on its behalf and ~~forms,~~accrued ~~consistent~~asset ~~with~~management fees during the ~~definition~~nine ~~of “disclosure~~months ~~controls~~ended ~~and~~December ~~procedures”~~31, ~~under~~2014 compared to no such payments during the ~~Securities~~nine ~~Exchange~~months ~~Act~~ended ofDecember ~~1934~~31, 2013.

~~The Partnership~~During ~~must~~the ~~rely~~nine onmonths ~~the~~ended ~~Local~~December ~~Limited~~31, ~~Partnerships~~2014, toaccrued ~~provide~~payables, ~~the~~which ~~Partnership~~consist ~~with~~primarily ~~certain~~of ~~information~~related ~~necessary~~party toasset ~~the~~management ~~timely filing~~fees ofand ~~the~~advances ~~Partnership’s~~due ~~periodic~~to ~~reports.~~the ~~Factors~~General inPartner, ~~the~~decreased ~~accounting~~by at$1,283,000. ~~the~~The ~~Local~~General ~~Limited~~Partner ~~Partnerships~~does ~~have~~not ~~caused~~anticipate ~~delays in~~that the ~~provision~~balance of ~~such~~the ~~information~~accrued ~~during~~fees ~~past~~and ~~reporting~~advances ~~periods,~~will ~~and~~be ~~resulted~~paid inuntil ~~the~~such ~~Partnership’s~~time ~~inability~~as tocapital ~~file its~~reserves ~~periodic~~are ~~reports~~ in aexcess ~~timely~~of ~~manner~~foreseeable working capital requirements of the Partnership.

~~Once the~~Recent ~~Partnership~~Accounting has received the necessary information from the Local Limited Partnerships, the Chief Executive Officer and the Chief Financial Officer of Associates believe that the material information required to be disclosed in the Partnership’s periodic report filings with SEC is effectively recorded, processed, summarized and reported, albeit not in a timely manner. Going forward, the Partnership will use the means reasonably within its power to impose procedures designed to obtain from the Local Limited Partnerships the information necessary to the timely filing of the Partnership’s periodic reports.Changes

In January 2014, the FASB issued an amendment to the accounting and disclosure requirements for investments in qualified affordable housing projects. The amendments provide guidance on accounting for investments by a reporting entity in flow-through limited liability entities that manage or invest in affordable housing projects that qualify for the low-income housing tax credit. The amendments permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received, and recognizes the net investment performance in the income statement as a component of income tax expense (bbenefit). ~~Changes~~The inamendments ~~internal~~are ~~controls~~effective for interim and annual periods beginning after December 15, 2014 and should be applied retrospectively to all periods presented. Early adoption is permitted. The adoption of this update is not expected to materially affect the Partnership's financial statements.

There were no changes in the Partnership’s internal control over financial reporting that occurred during the quarter ended September 30, 2014 that materially affected, or are reasonably likely to materially affect, the Partnership’s internal control over financial reporting.18

5Item 3. Quantitative and Qualitative Disclosures About Market Risks

Part II.	Other Information
Item 1.	Legal Proceedings
	NONE
Item 1A.	Risk Factors
	No material changes in risk factors as previously disclosed in the Partnership’s Form 10-K.
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds
	NONE
Item 3.	Defaults Upon Senior Securities
	NONE
Item 4.	Mine Safety Disclosures
	NOT APPLICABLE
Item 5.	Other Information
	NONE
Item 6.	Exhibits

NOT APPLICABLE

31.1	Certification of the Principal Executive Officer pursuant to Rule 13a-14 and 15d-14, as adopted pursuant to section 302 of the Sarbanes-Oxley Act of 2002. (filed herewith)
31.2	Certification of the Principal Financial Officer pursuant to Rule 13a-14 and 15d-14, as adopted pursuant to section 302 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)
101	Interactive data files pursuant to Rule 405 of Regulation S-T: (i) the Condensed Balance Sheets at September 30, 2014 and March 31, 2014, (ii) the Condensed Statements of Operations for the three and six months ended September 30, 2014 and September 30, 2013, (iii) the Condensed Statements of Cash Flows for the six months ended September 30, 2014 and September 30, 2013, (iv) the Statement of Partner’s Equity (Deficit) for the six months ended September 30, 2014 and (v) the Notes to Condensed Financial Statements.
	Exhibits 32.1, 32.2 and 101 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that Section. Such exhibits shall not be deemed incorporated by reference into any filing under the Securities Act of 1933 or Securities Exchange Act of 1934.

Item 4. Controls and Procedures

6(a) Disclosure controls and procedures

~~Signatures~~As of the end of the period covered by this report, the Partnership’s General Partner, under the supervision and with the participation of the Chief Executive Officer and Chief Financial Officer of Associates, carried out an evaluation of the effectiveness of the Partnership’s “disclosure controls and procedures” as defined in Securities Exchange Act of 1934 Rule 13a-15 and 15d-15. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that, as of the end of the period covered by this report, the Partnership’s disclosure controls and procedures were not effective to ensure that material information required to be disclosed in the Partnership’s periodic report filings with SEC is recorded, processed, summarized and reported within the time period specified by the SEC’s rules and forms, consistent with the definition of “disclosure controls and procedures” under the Securities Exchange Act of 1934.

~~Pursuant~~ The Partnership must rely on the Local Limited Partnerships to provide the ~~requirements~~Partnership with certain information necessary to the timely filing of the ~~Securities~~Partnership’s ~~Exchange~~periodic ~~Act~~reports. ofFactors ~~1934,~~in the ~~registrant~~accounting ~~has~~at ~~duly~~the Local Limited Partnerships have caused ~~this~~delays ~~report~~in tothe beprovision ~~signed~~of onsuch ~~its~~information ~~behalf by~~during ~~the~~past ~~undersigned~~reporting periods, ~~thereunto~~and ~~duly~~resulted ~~authorized~~in the Partnership’s inability to file its periodic reports in a timely manner.

WNC HOUSING TAX CREDIT FUND VI, L.P. SERIES 5
By:	WNC & ASSOCIATES, INC. General Partner
By:	/s/ Wilfred N. Cooper, Jr.
	Wilfred N. Cooper, Jr.
	President and Chief Executive Officer of WNC & Associates, Inc.
Date:	December 16, 2014
By:	/s/ Melanie R. Wenk
	Melanie R. Wenk
	Senior Vice-President - Chief Financial Officer of WNC & Associates, Inc.
Date:	December 16, 2014

Once the Partnership has received the necessary information from the Local Limited Partnerships, the Chief Executive Officer and the Chief Financial Officer of Associates believe that the material information required to be disclosed in the Partnership’s periodic report filings with SEC is effectively recorded, processed, summarized and reported, albeit not in a timely manner. Going forward, the Partnership will use the means reasonably within its power to impose procedures designed to obtain from the Local Limited Partnerships the information necessary to the timely filing of the Partnership’s periodic reports.

7(b) Changes in internal controls

There were no changes in the Partnership’s internal control over financial reporting that occurred during the quarter ended December 31, 2014 that materially affected, or are reasonably likely to materially affect, the Partnership’s internal control over financial reporting.

Part II. Other Information

Item 1. Legal Proceedings

NONE

Item 1A. Risk Factors

No material changes in risk factors as previously disclosed in the Partnership’s Form 10-K.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

NONE

Item 3. Defaults Upon Senior Securities

NONE

Item 4. Mine Safety Disclosures

NOT APPLICABLE

Item 5. Other Information

NONE

Item 6. Exhibits

Exhibit No.		Description

31.1		Certification of the Principal Executive Officer pursuant to Rule 13a-14 and 15d-14, as adopted pursuant to section 302 of the Sarbanes-Oxley Act of 2002. (filed herewith)

31.2		Certification of the Principal Financial Officer pursuant to Rule 13a-14 and 15d-14, as adopted pursuant to section 302 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)

101		Interactive data files pursuant to Rule 405 of Regulation S-T: (i) the Condensed Balance Sheets at December 31, 2014 and March 31, 2014, (ii) the Condensed Statements of Operations for the three and nine months ended December 31, 2014 and December 31, 2013, (iii) the Statement of Partners' Equity (Deficit) for the nine months ended December 31, 2014, (iv) the Condensed Statements of Cash Flows for the nine months ended December 31, 2014 and December 31, 2013, and (v) the Notes to Condensed Financial Statements. Exhibits 32.1, 32.2 and 101 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that Section. Such exhibits shall not be deemed incorporated by reference into any filing under the Securities Act of 1933 or Securities Exchange Act of 1934.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

WNC HOUSING TAX CREDIT FUND VI, L.P. SERIES 5

By: WNC & ASSOCIATES, INC. General Partner

By: /s/ Wilfred N. Cooper, Jr.

Wilfred N. Cooper, Jr.

President and Chief Executive Officer of WNC & Associates, Inc.

Date: February 6, 2015

By: /s/ Melanie R. Wenk

Melanie R. Wenk

Senior Vice President - Chief Financial Officer of WNC & Associates, Inc.

Date: February 6, 2015

Filing Compare · WNC HOUSING TAX CREDIT FUND VI LP SERIES 5