HOUSING PROGRAMS LTD
8-K, 1999-01-26
REAL ESTATE
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


        Date of Report (Date of Earliest Event Reported) January 26, 1999


                            Housing Programs Limited
- --------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)


California                           000-13808                        95-3906167
- --------------------------------------------------------------------------------
(State or Other                     (Commission                 (I.R.S. Employer
Jurisdiction of                     File Number)                  Identification
incorporation)                                                              No.)





            9090 Wilshire Boulevard, Beverly Hills, California 90211
- --------------------------------------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)



       (Registrant's Telephone Number, Including Area Code (310) 278-2191


- --------------------------------------------------------------------------------
         (Former Name or Former Address, If Changed Since Last Report.)





756286.3


<PAGE>



ITEM 5.           Other Events.

                  Housing Programs Limited, a California limited partnership
(the "Registrant"), is filing this Current Report on Form 8-K in connection with
the issuance of a press release on January 26, 1999 regarding the completion of
the sale of the Registrant's interests in certain real estate properties.

ITEM 7.           Financial Statements, Pro Forma Financial Information and 
                  Exhibits.

(c)  Exhibits.

Exhibit           Description
1                 Press Release, dated January 26, 1999.




756286.3
                                        2

<PAGE>



                                   SIGNATURES

         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 hereunto duly authorized.


                                  HOUSING PROGRAMS LIMITED,
                                    a California Limited Partnership


                                    By:  NATIONAL PARTNERSHIP INVESTMENT
                                         CORP., a California Corporation,
                                         a General Partner



                                          By:/s/ Henry C. Casden
                                             -----------------------------
                                             Name:  Henry C. Casden
                                             Title: Senior Executive Vice
                                                    President



Date:  January 26, 1999


756286.3
                                        3

<PAGE>



EXHIBIT INDEX                                          Exhibit 1
                                                       ---------


756286.3
                                        4

<PAGE>


FOR IMMEDIATE RELEASE
- ---------------------



                            HOUSING PROGRAMS LIMITED
                              ANNOUNCES CLOSING OF
                               SALE OF PROPERTIES



Beverly Hills, California - January 26, 1999 - National Partnership Investments
Corp., the Managing General Partner of Housing Programs Limited (the
"Partnership") announced today that the Partnership has completed the sale of
the Partnership's interests in seven real estate properties.

The Managing General Partner anticipates distributing the net proceeds of the
sale to Limited Partners on or about March 1, 1999.


Contact:          Patricia W. Toy
                  National Partnership Investments Corp.
                  800-666-6274

                  Ellen A. Gulczynski
                  MacKenzie Partners, Inc.
                  212-929-5500

756286.3


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