Applicable Federal Rate (AFR)

Annual

Semi-annual

Quarterly

Monthly

Period for Compounding

Short-Term

AFR

 .60%

 .60%

 .60%

 .60%

110% AFR

 .66%

 .66%

 .66%

 .66%

120% AFR

 .72%

 .72%

 .72%

 .72%

130% AFR

 .78%

 .78%

 .78%

 .78%

AFR

1.65%

1.64%

1.64%

1.63%

110% AFR

1.81%

1.80%

1.80%

1.79%

120% AFR

1.98%

1.97%

1.97%

1.96%

130% AFR

2.14%

2.13%

2.12%

2.12%

150% AFR

2.48%

2.46%

2.45%

2.45%

175% AFR

2.89%

2.87%

2.86%

2.85%

AFR

2.96%

2.94%

2.93%

2.92%

110% AFR

3.26%

3.23%

3.22%

3.21%

120% AFR

3.56%

3.53%

3.51%

3.50%

130% AFR

3.86%

3.82%

3.80%

3.79%

Adjusted AFR for February 2009

Period for Compounding

Annual

Semi-annual

Quarterly

Monthly

Short-term adjusted AFR

1.50%

1.49%

1.49%

1.49%

Mid-term adjusted AFR

2.83%

2.81%

2.80%

2.79%

Long-term adjusted AFR

5.27%

5.20%

5.17%

5.14%

Rates Under Section 382 for February 2009

Adjusted federal long-term rate for the current month

5.27%

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).

5.49%

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

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

7.53%

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

3.23%

* 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 February 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

2.0%