Applicable Federal Rate (AFR)

Annual

Semi-annual

Quarterly

Monthly

Period for Compounding

Short-Term

AFR

 .23%

 .23%

 .23%

 .23%

110% AFR

 .25%

 .25%

 .25%

 .25%

120% AFR

 .28%

 .28%

 .28%

 .28%

130% AFR

 .30%

 .30%

 .30%

 .30%

AFR

1.07%

1.07%

1.07%

1.07%

110% AFR

1.18%

1.18%

1.18%

1.18%

120% AFR

1.28%

1.28%

1.28%

1.28%

130% AFR

1.39%

1.39%

1.39%

1.39%

150% AFR

1.62%

1.61%

1.61%

1.60%

175% AFR

1.88%

1.87%

1.87%

1.86%

AFR

2.64%

2.62%

2.61%

2.61%

110% AFR

2.90%

2.88%

2.87%

2.86%

120% AFR

3.16%

3.14%

3.13%

3.12%

130% AFR

3.44%

3.41%

3.40%

3.39%

Adjusted AFR for June 2012

Period for Compounding

Annual

Semi-annual

Quarterly

Monthly

Short-term adjusted AFR

 .26%

 .26%

 .26%

 .26%

Mid-term adjusted AFR

1.16%

1.16%

1.16%

1.16%

Long-term adjusted AFR

3.06%

3.04%

3.03%

3.02%

Rates Under Section 382 for June 2012

Adjusted federal long-term rate for the current month

3.06%

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 June 2012

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

7.43%

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

3.18%

Rate Under Section 7520 for June 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%

* 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%.