Applicable Federal Rate (AFR)

Annual

Semi-annual

Quarterly

Monthly

Period for Compounding

Short-Term

AFR

 .32%

 .32%

 .32%

 .32%

110% AFR

 .35%

 .35%

 .35%

 .35%

120% AFR

 .38%

 .38%

 .38%

 .38%

130% AFR

 .42%

 .42%

 .42%

 .42%

AFR

1.90%

1.89%

1.89%

1.88%

110% AFR

2.09%

2.08%

2.07%

2.07%

120% AFR

2.28%

2.27%

2.26%

2.26%

130% AFR

2.48%

2.46%

2.45%

2.45%

150% AFR

2.86%

2.84%

2.83%

2.82%

175% AFR

3.34%

3.31%

3.30%

3.29%

AFR

3.86%

3.82%

3.80%

3.79%

110% AFR

4.24%

4.20%

4.18%

4.16%

120% AFR

4.63%

4.58%

4.55%

4.54%

130% AFR

5.03%

4.97%

4.94%

4.92%

Adjusted AFR for August 2011

Period for Compounding

Annual

Semi-annual

Quarterly

Monthly

Short-term adjusted AFR

 .44%

 .44%

 .44%

 .44%

Mid-term adjusted AFR

1.62%

1.61%

1.61%

1.60%

Long-term adjusted AFR

3.82%

3.78%

3.76%

3.75%

Rates Under Section 382 for August 2011

Adjusted federal long-term rate for the current month

3.82%

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).

4.17%

Appropriate Percentages Under Section 42(b)(1)* for August 2011

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

7.66%

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

3.28%

Rate Under Section 7520 for August 2011

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

2.2%

* 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%.