Applicable Federal Rate (AFR)

Annual

Semi-annual

Quarterly

Monthly

Period for Compounding

Short-Term

AFR

 .26%

 .26%

 .26%

 .26%

110% AFR

 .29%

 .29%

 .29%

 .29%

120% AFR

 .31%

 .31%

 .31%

 .31%

130% AFR

 .34%

 .34%

 .34%

 .34%

AFR

1.63%

1.62%

1.62%

1.61%

110% AFR

1.79%

1.78%

1.78%

1.77%

120% AFR

1.95%

1.94%

1.94%

1.93%

130% AFR

2.12%

2.11%

2.10%

2.10%

150% AFR

2.44%

2.43%

2.42%

2.42%

175% AFR

2.86%

2.84%

2.83%

2.82%

AFR

3.57%

3.54%

3.52%

3.51%

110% AFR

3.93%

3.89%

3.87%

3.86%

120% AFR

4.30%

4.25%

4.23%

4.21%

130% AFR

4.65%

4.60%

4.57%

4.56%

Adjusted AFR for September 2011

Period for Compounding

Annual

Semi-annual

Quarterly

Monthly

Short-term adjusted AFR

 .35%

 .35%

 .35%

 .35%

Mid-term adjusted AFR

1.47%

1.46%

1.46%

1.46%

Long-term adjusted AFR

3.77%

3.74%

3.72%

3.71%

Rates Under Section 382 for September 2011

Adjusted federal long-term rate for the current month

3.77%

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).

3.86%

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

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

7.60%

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

3.26%

Rate Under Section 7520 for September 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

2.0%

* 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%.