Applicable Federal Rate (AFR)

Annual

Semi-annual

Quarterly

Monthly

Period for Compounding

Short-Term

AFR

 .16%

 .16%

 .16%

 .16%

110% AFR

 .18%

 .18%

 .18%

 .18%

120% AFR

 .19%

 .19%

 .19%

 .19%

130% AFR

 .21%

 .21%

 .21%

 .21%

AFR

1.19%

1.19%

1.19%

1.19%

110% AFR

1.31%

1.31%

1.31%

1.31%

120% AFR

1.44%

1.43%

1.43%

1.43%

130% AFR

1.56%

1.55%

1.55%

1.55%

150% AFR

1.80%

1.79%

1.79%

1.78%

175% AFR

2.09%

2.08%

2.07%

2.07%

AFR

2.95%

2.93%

2.92%

2.91%

110% AFR

3.25%

3.22%

3.21%

3.20%

120% AFR

3.55%

3.52%

3.50%

3.49%

130% AFR

3.85%

3.81%

3.79%

3.78%

Adjusted AFR for October 2011

Period for Compounding

Annual

Semi-annual

Quarterly

Monthly

Short-term adjusted AFR

 .32%

 .32%

 .32%

 .32%

Mid-term adjusted AFR

1.27%

1.27%

1.27%

1.27%

Long-term adjusted AFR

3.51%

3.48%

3.46%

3.46%

Rates Under Section 382 for October 2011

Adjusted federal long-term rate for the current month

3.51%

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).

3.82%

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

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

7.48%

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

3.20%

Rate Under Section 7520 for October 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

1.4%

* 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%.