Exhibit (a)(6)

   PLEASE SEND THIS FORM TO AIMCO'S AGENT (BELOW) IF YOU ALREADY TENDERED YOUR
                 UNITS TO AIMCO AND WISH TO ACCEPT THE MPF OFFER


                              NOTICE OF WITHDRAWAL

The undersigned hereby withdraws units of limited partnership interest ("Units")
in  SHELTER  PROPERTIES  V  LIMITED  PARTNERSHIP   heretofore  tendered  by  the
undersigned to AIMCO Properties,  L.P., pursuant to its tender offer dated April
2, 2007, as may be amended from time to time.

Name of person who tendered Units: ____________________________________________

Name of registered Unit holder (if different):_________________________________

Number of Units to be  withdrawn  (state  "all" if all Units  tendered are to be
withdrawn): __________


Date: _______________, 2007


_________________________________________
Signature of Withdrawing Unit Holder


_________________________________________
Signature of Joint Unit Holder, if any


INSTRUCTIONS

      For a withdrawal to be effective,  a written notice of withdrawal  must be
timely received (i.e.,  before the Expiration  Date,  currently set for June 15,
2007) by the  information  agent for AIMCO  Properties,  L.P., at its address or
facsimile number set forth below. Any such notice of withdrawal must specify the
name of the person who tendered the number of Units to be withdrawn and the name
of the  registered  holder of such  Units,  if  different  from the  person  who
tendered. In addition, the notice of withdrawal must be signed by the person who
signed AIMCO Properties, L.P.'s letter of transmittal in the same manner as such
letter  of  transmittal  was  signed.  The  information  agent  and its  contact
information are as follows:

                             THE ALTMAN GROUP, INC.

                          By Overnight Courier or Hand:
                           1200 Wall Street, 3rd Floor
                               Lyndhurst, NJ 07071

                                     By Fax:
                                 (201) 460-0050