April 22, 2011 «NAME» «NAME2» «NAME3» «ADDRESS» «ADDRESS2» «CITY», «STATE» «ZIP» Re: WNC Housing Tax Credit Fund V, L.P., Series 4 (the “Partnership”) Dear Limited Partner:Limited Partnership Agreement • April 22nd, 2011 • WNC Housing Tax Credit Fund v Lp Series 4 • Operators of apartment buildings
As you may be aware, the Partnership owned a limited partnership interest in The North Central Limited Partnership, a New York limited partnership (“The North Central”). At the request of the local general partner of The North Central, the Partnership consented to the sale of the apartment complex owned by The North Central, and the apartment complex was sold by The North Central during the current calendar year. Sale distributions to the Partnership in accordance with The North Central limited partnership agreement have been and will be used to pay Partnership expenses.
