Applicable Federal Rate (AFR)

Annual

Semi-annual

Quarterly

Monthly

Period for Compounding

Short-Term

AFR

 .46%

 .46%

 .46%

 .46%

110% AFR

 .51%

 .51%

 .51%

 .51%

120% AFR

 .55%

 .55%

 .55%

 .55%

130% AFR

 .60%

 .60%

 .60%

 .60%

AFR

2.27%

2.26%

2.25%

2.25%

110% AFR

2.51%

2.49%

2.48%

2.48%

120% AFR

2.73%

2.71%

2.70%

2.69%

130% AFR

2.96%

2.94%

2.93%

2.92%

150% AFR

3.42%

3.39%

3.38%

3.37%

175% AFR

4.00%

3.96%

3.94%

3.93%

AFR

4.05%

4.01%

3.99%

3.98%

110% AFR

4.46%

4.41%

4.39%

4.37%

120% AFR

4.87%

4.81%

4.78%

4.76%

130% AFR

5.28%

5.21%

5.18%

5.15%

Adjusted AFR for June 2011

Period for Compounding

Annual

Semi-annual

Quarterly

Monthly

Short-term adjusted AFR

 .70%

 .70%

 .70%

 .70%

Mid-term adjusted AFR

1.83%

1.82%

1.82%

1.81%

Long-term adjusted AFR

4.17%

4.13%

4.11%

4.09%

Rates Under Section 382 for June 2011

Adjusted federal long-term rate for the current month

4.17%

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).

4.30%

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

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

7.73%

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

3.31%

Rate Under Section 7520 for June 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

2.8%

* 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%.