Applicable Federal Rate (AFR)

Annual

Semi-annual

Quarterly

Monthly

Period for Compounding

Short-Term

AFR

 .24%

 .24%

 .24%

 .24%

110% AFR

 .26%

 .26%

 .26%

 .26%

120% AFR

 .29%

 .29%

 .29%

 .29%

130% AFR

 .31%

 .31%

 .31%

 .31%

AFR

 .92%

 .92%

 .92%

 .92%

110% AFR

1.01%

1.01%

1.01%

1.01%

120% AFR

1.10%

1.10%

1.10%

1.10%

130% AFR

1.20%

1.20%

1.20%

1.20%

150% AFR

1.38%

1.38%

1.38%

1.38%

175% AFR

1.62%

1.61%

1.61%

1.60%

AFR

2.30%

2.29%

2.28%

2.28%

110% AFR

2.54%

2.52%

2.51%

2.51%

120% AFR

2.77%

2.75%

2.74%

2.73%

130% AFR

3.00%

2.98%

2.97%

2.96%

Adjusted AFR for July 2012

Period for Compounding

Annual

Semi-annual

Quarterly

Monthly

Short-term adjusted AFR

 .27%

 .27%

 .27%

 .27%

Mid-term adjusted AFR

1.05%

1.05%

1.05%

1.05%

Long-term adjusted AFR

3.02%

3.00%

2.99%

2.98%

Rates Under Section 382 for July 2012

Adjusted federal long-term rate for the current month

3.02%

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 July 2012

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

7.37%

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

3.16%

Rate Under Section 7520 for July 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

1.2%

Blended Annual Rate for 2012

Section 7872(e)(2) blended annual rate for 2012

.22%

* 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%.