Applicable Federal Rate (AFR)

Annual

Semi-annual

Quarterly

Monthly

Period for Compounding

Short-Term

AFR

 .75%

 .75%

 .75%

 .75%

110% AFR

 .83%

 .83%

 .83%

 .83%

120% AFR

 .90%

 .90%

 .90%

 .90%

130% AFR

 .98%

 .98%

 .98%

 .98%

AFR

2.25%

2.24%

2.23%

2.23%

110% AFR

2.48%

2.46%

2.45%

2.45%

120% AFR

2.71%

2.69%

2.68%

2.68%

130% AFR

2.93%

2.91%

2.90%

2.89%

150% AFR

3.39%

3.36%

3.35%

3.34%

175% AFR

3.96%

3.92%

3.90%

3.89%

AFR

3.88%

3.84%

3.82%

3.81%

110% AFR

4.26%

4.22%

4.20%

4.18%

120% AFR

4.66%

4.61%

4.58%

4.57%

130% AFR

5.05%

4.99%

4.96%

4.94%

Adjusted AFR for June 2009

Period for Compounding

Annual

Semi-annual

Quarterly

Monthly

Short-term adjusted AFR

 .75%

 .75%

 .75%

 .75%

Mid-term adjusted AFR

2.05%

2.04%

2.03%

2.03%

Long-term adjusted AFR

4.28%

4.24%

4.22%

4.20%

Rates Under Section 382 for June 2009

Adjusted federal long-term rate for the current month

4.28%

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).

4.61%

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

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

7.71%

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

3.30%

* 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 June 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

2.8%