UNITED STATES

                     SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 12b-25

                          NOTIFICATION OF LATE FILING

                                    SEC FILE NUMBER
                                    0-28370
                                    CUSIP NUMBER
                                    none
(Check One):
|_| Form 10-K and Form 10-KSB
|_| Form 20-F
|_| Form 11-K
|X| Form 10-Q and Form 10-QSB
|_| Form N-SAR
        For Period Ended:  June 30, 2002

|_| Transition Report on Form  10-K
|_| Transition Report on Form 20-F
|_| Transition Report on Form 11-K
|_| Transition Report on Form 10-Q
|_| Transition Report on Form N-SAR
        For the Transition Period Ended:

Read  Instruction (on back page) Before  Preparing  Form.  Please Print or Type.
Nothing  in this  form  shall be  construed  to imply  that the  Commission  has
verified any information contained herein.

If the notification  relates to a portion of the filing checked above,  identify
the Item(s) to which the notification relates:

Part I--Registrant Information
        Full Name of Registrant

        WNC HOUSING TAX CREDIT FUND IV, L.P. - Series 2

        Former Name if Applicable

Address of Principal  Executive  Office (Street and Number) City, State and Zip
Code

        3158 Redhill Avenue, Suite 120, Costa Mesa, CA  92626




Part II--Rules 12b-25 (b) and (c)

If the subject report could not be filed without  unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b),the  following should
be completed. (Check box if appropriate)

|X| (a) The  reasons  described  in  reasonable  detail in Part III of this form
could not be eliminated without unreasonable effort or expense;

|X| (b) The subject annual report, semi-annual report, transition report on Form
10-K, Form 20-F, 11-K, Form N-SAR or portion thereof, will be filed on or before
the fifteenth  calendar day following  the  prescribed  due date; or the subject
quarterly  report or transition  report on Form 10-Q, or portion thereof will be
filed on or before the fifth calendar day following the prescribed due date; and

|_| (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.


Part III--Narrative

State below in  reasonable  detail the reasons  why the Form 10-K,  11-K,  10-Q,
N-SAR, or the transition report or portion thereof could not be filed within the
prescribed period. (Attach Extra Sheets if Needed)

Some of the limited  partnerships in which the registrant has  investments  have
yet to  provide  financial  information  as  required  under  the  terms  of the
respective  partnership   agreements.   That  information  is  critical  to  the
registrant's completion of its financial statements and the filing of a complete
Form  10-Q.  Every  effort is being  made to  obtain  this  information  and the
registrant will file its quarterly report as quickly as possible.

Part IV--Other Information

(1)  Name  and  telephone  number  of  person  to  contact  in  regard  to  this
notificatiqon.

       Thomas J.Riha
     (714)  662-5565 ext.114

(2) Have all other  periodic  reports  required under section 13 or 15(d) of the
Securities  Exchange Act of 1934 or section 30 of the Investment  Company Act of
1940  during  the  preceding  12  months  or for such  shorter  period  that the
registrant was required to file such report(s) been filed?  If the answer is no,
identify report(s). |X| Yes |_| No

(3) Is it anticipated that any significant  change in results of operations from
the  corresponding  period for the last  fiscal  year will be  reflected  by the
earnings statements to be included in the subject report or portion thereof? |_|
Yes |X| No

If so: attach an explanation of the  anticipated  change,  both  narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.




     WNC  HOUSING  TAX  CREDIT  FUND  IV,  L.P.  -  Series  2  has  caused  this
notification to be signed on its behalf by the undersigned thereunto duly
authorized.

WNC HOUSING TAX CREDIT FUND IV, L.P. - Series 2

By:  WNC Tax Credit Partners IV, L.P.       General Partner

By:  WNC & Associates, Inc.  General Partner


By:   /s/ Thomas J. Riha
     ----------------------
Thomas J. Riha      Vice President - Chief Financial Officer

Date: August 15, 2002