Applicable Federal Rate (AFR)

Annual

Semi-annual

Quarterly

Monthly

Period for Compounding

Short-Term

AFR

 .83%

 .83%

 .83%

 .83%

110% AFR

 .91%

 .91%

 .91%

 .91%

120% AFR

1.00%

1.00%

1.00%

1.00%

130% AFR

1.08%

1.08%

1.08%

1.08%

AFR

2.15%

2.14%

2.13%

2.13%

110% AFR

2.36%

2.35%

2.34%

2.34%

120% AFR

2.59%

2.57%

2.56%

2.56%

130% AFR

2.80%

2.78%

2.77%

2.76%

150% AFR

3.24%

3.21%

3.20%

3.19%

175% AFR

3.79%

3.75%

3.73%

3.72%

AFR

3.67%

3.64%

3.62%

3.61%

110% AFR

4.04%

4.00%

3.98%

3.97%

120% AFR

4.42%

4.37%

4.35%

4.33%

130% AFR

4.79%

4.73%

4.70%

4.68%

Adjusted AFR for April 2009

Period for Compounding

Annual

Semi-annual

Quarterly

Monthly

Short-term adjusted AFR

 .87%

 .87%

 .87%

 .87%

Mid-term adjusted AFR

2.39%

2.38%

2.37%

2.37%

Long-term adjusted AFR

4.61%

4.56%

4.53%

4.52%

Rates Under Section 382 for April 2009

Adjusted federal long-term rate for the current month

4.61%

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).

5.27%

Appropriate Percentages Under Section 42(b)(2)* for April 2009

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

7.67%

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

3.29%

* 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%.

Rate Under Section 7520 for April 2009

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

2.6%