Applicable Federal Rate (AFR)

Annual

Semi-annual

Quarterly

Monthly

Period for Compounding

Short-Term

AFR

 .25%

 .25%

 .25%

 .25%

110% AFR

 .28%

 .28%

 .28%

 .28%

120% AFR

 .30%

 .30%

 .30%

 .30%

130% AFR

 .33%

 .33%

 .33%

 .33%

AFR

1.15%

1.15%

1.15%

1.15%

110% AFR

1.27%

1.27%

1.27%

1.27%

120% AFR

1.38%

1.38%

1.38%

1.38%

130% AFR

1.51%

1.50%

1.50%

1.50%

150% AFR

1.74%

1.73%

1.73%

1.72%

175% AFR

2.02%

2.01%

2.00%

2.00%

AFR

2.72%

2.70%

2.69%

2.68%

110% AFR

2.99%

2.97%

2.96%

2.95%

120% AFR

3.27%

3.24%

3.23%

3.22%

130% AFR

3.54%

3.51%

3.49%

3.48%

Adjusted AFR for April 2012

Period for Compounding

Annual

Semi-annual

Quarterly

Monthly

Short-term adjusted AFR

 .22%

 .22%

 .22%

 .22%

Mid-term adjusted AFR

 .95%

 .95%

 .95%

 .95%

Long-term adjusted AFR

3.04%

3.02%

3.01%

3.00%

Rates Under Section 382 for April 2012

Adjusted federal long-term rate for the current month

3.04%

Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted federal long-term rates for the current month and the prior two months).

3.26%

Appropriate Percentages Under Section 42(b)(1)* for April 2012

Appropriate Percentage for the 70% present value low-income housing credit

7.44%

Appropriate Percentage for the 30% present value low-income housing credit

3.19%

Rate Under Section 7520 for April 2012

Applicable federal rate for determining the present value of an annuity, an interest for life or a term of years, or a remainder or reversionary interest

1.4%

* Note: Under Code Sec. 42(b)(2), the applicable percentage for non-federally subsidized new buildings place in service after July 30, 2008, and before Dec. 31, 2013, is not to be less than 9%.