Applicable Federal Rate (AFR)

Annual

Semi-annual

Quarterly

Monthly

Period for Compounding

Short-Term

AFR

 .72%

 .72%

 .72%

 .72%

110% AFR

 .79%

 .79%

 .79%

 .79%

120% AFR

 .86%

 .86%

 .86%

 .86%

130% AFR

 .94%

 .94%

 .94%

 .94%

AFR

1.94%

1.93%

1.93%

1.92%

110% AFR

2.13%

2.12%

2.11%

2.11%

120% AFR

2.33%

2.32%

2.31%

2.31%

130% AFR

2.53%

2.51%

2.50%

2.50%

150% AFR

2.92%

2.90%

2.89%

2.88%

175% AFR

3.41%

3.38%

3.37%

3.36%

AFR

3.52%

3.49%

3.47%

3.46%

110% AFR

3.88%

3.84%

3.82%

3.81%

120% AFR

4.23%

4.19%

4.17%

4.15%

130% AFR

4.59%

4.54%

4.51%

4.50%

Adjusted AFR for March 2009

Period for Compounding

Annual

Semi-annual

Quarterly

Monthly

Short-term adjusted AFR

 .84%

 .84%

 .84%

 .84%

Mid-term adjusted AFR

2.04%

2.03%

2.02%

2.02%

Long-term adjusted AFR

4.58%

4.53%

4.50%

4.49%

Rates Under Section 382 for March 2009

Adjusted federal long-term rate for the current month

4.58%

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 March 2009

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

7.63%

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

3.27%

* 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 March 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

2.4%