NATIONAL HOUSING PARTNERSHIP REALTY FUND IV
NT 10-Q, 1999-08-17
OPERATORS OF NONRESIDENTIAL BUILDINGS
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                    UNITED STATES                              OMB APPROVAL
          SECURITIES AND EXCHANGE COMMISSION           OMB  NUMBER:  3235-0058
                Washington, D.C. 20549                 Expires: May 31, 1997
                                                       Estimated average burden
                     FORM 12B-25                       hours per response...2.50

             NOTIFICATION OF LATE FILING                      SEC FILE NUMBER
                                                                  0-15731
                                                               CUSIP NUMBER


(Check One):   Form 10-K  Form 20-F      Form 11-K     X Form 10-Q    Form N-SAR

          [  ]  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

National Housing Partnership Realty Fund IV (A Maryland Limited Partnership)
Full Name of Registrant
N/A
Former Name if Applicable
9200 Keystone Crossing, Suite 500
Address of Principal Executive Office (Street and Number)
Indianapolis, Indiana 46240-7602
City, State and Zip Code

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).

(a)  The reasons described in reasonable detail in Part III of this form could
     not be eliminated without unreasonable effort or expense;
(b)  The subject annual report, semi-annual report, transition report on Form
     10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, will be filed on
     or before the fifteenth calendar day following the prescribed due date; or
     the subject
X    quarterly report of 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 Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.

Additional time is needed to file a more accurate disclosure of the
Partnership's operations for the quarter ending June 30, 1999.

PART IV - OTHER INFORMATION

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

        Joan Christ                    (864)                     239-1721
          (Name)                    (Area Code)             (Telephone Number)

(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 answer 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.


    National Housing Partnership Realty Fund IV (A Maryland Limited Partnership)
                  (Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.

Date:     August 16, 1999                By:
                                         /s/Troy D. Butts, Senior Vice President
                                           and Chief Financial Officer

INSTRUCTION:  The form may be signed by an executive officer of the registrant
or by any other duly authorized representative.  The name and title of the
person signing the form shall be typed or printed beneath the signature.  If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
                                   ATTENTION
  INTERNATIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL
                        VIOLATIONS (SEE 18 U.S.C. 1001).
                              GENERAL INSTRUCTIONS

1.This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General Rules
  and Regulations under the Securities Exchange Act of 1934.

2.One signed original and four conformed copies of this form and amendments
  thereto must be completed and filed with the Securities and Exchange
  Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the
  General Rules and Regulations under the Act.  The information contained in or
  filed with the form will be made a matter of public record in the Commission
  files.

3.A manually signed copy of the form and amendments thereto shall be filed with
  each national securities exchange on which any class of securities of the
  registrant is registered.

4.Amendments to the notifications must also be filed on form 12b-25 but need
  not restate information that has been correctly furnished.  The form shall be
  clearly identified as an amended notification.

5.Electronic Filers.  This form shall not be used by electronic filers unable
  to timely file a report solely due to electronic difficulties.  Filers unable
  to submit a report within the time period prescribed due to difficulties in
  electronic filing should comply with either Rule 201 or Rule 202 of
  Regulation S-T (.232.201 or  .232.202 of this chapter) or apply for an
  adjustment in filing date pursuant to Rule 13(b) of Regulation S-T
  (.232.13(b) of this chapter).



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