Low-Income Housing Tax Credit:

Applicable Federal Rates

2008

September
Period for Compounding	Annual	Semiannual	Quarterly	Monthly
Short-term (<3 yrs)	2.38%	2.37 %	2.36%	2.36%
Mid-term (>3 yrs <9 yrs)	3.46%	3.43%	3.42%	3.41%
Long-term (>9 yrs)	4.58%	4.53%	4.50%	4.49%

 

August
Period for Compounding	Annual	Semiannual	Quarterly	Monthly
Short-term (<3 yrs)	2.54%	2.52 %	2.51%	2.51%
Mid-term (>3 yrs <9 yrs)	3.55%	3.52%	3.50%	3.49%
Long-term (>9 yrs)	4.58%	4.53%	4.50%	4.49%

 

July
Period for Compounding	Annual	Semiannual	Quarterly	Monthly
Short-term (<3 yrs)	2.42%	2.41 %	2.40%	2.40%
Mid-term (>3 yrs <9 yrs)	3.45%	3.42%	3.41%	3.40%
Long-term (>9 yrs)	4.60%	4.55%	4.52%	4.51%

 

June
Period for Compounding	Annual	Semiannual	Quarterly	Monthly
Short-term (<3 yrs)	2.08%	2.07 %	2.06%	2.06%
Mid-term (>3 yrs <9 yrs)	3.00%	3.17%	3.16%	3.15%
Long-term (>9 yrs)	4.46%	4.41%	4.39%	4.37%

 

May
Period for Compounding	Annual	Semiannual	Quarterly	Monthly
Short-term (<3 yrs)	1.64%	1.63 %	1.63%	1.62%
Mid-term (>3 yrs <9 yrs)	2.74%	2.72%	2.71%	2.70%
Long-term (>9 yrs)	4.21%	4.17%	4.15%	4.13%

 

April
Period for Compounding	Annual	Semiannual	Quarterly	Monthly
Short-term (<3 yrs)	1.85%	1.84 %	1.84%	1.83%
Mid-term (>3 yrs <9 yrs)	2.87%	2.85%	2.84%	2.83%
Long-term (>9 yrs)	4.40%	4.35%	4.33%	4.31%

 

March
Period for Compounding	Annual	Semiannual	Quarterly	Monthly
Short-term (<3 yrs)	2.25%	2.24 %	2.23%	2.23%
Mid-term (>3 yrs <9 yrs)	2.97%	2.95%	2.94%	2.93%
Long-term (>9 yrs)	4.27%	4.23%	4.21%	4.19%

 

February
Period for Compounding	Annual	Semiannual	Quarterly	Monthly
Short-term (<3 yrs)	3.11 %	3.09 %	3.08%	3.07%
Mid-term (>3 yrs <9 yrs)	3.51%	3.48%	3.46%	3.46%
Long-term (>9 yrs)	4.46%	4.41%	4.39%	4.37%

 

January
Period for Compounding	Annual	Semiannual	Quarterly	Monthly
Short-term (<3 yrs)	3.18 %	3.16 %	3.15%	3.14%
Mid-term (>3 yrs <9 yrs)	3.58%	3.55%	3.53%	3.52%
Long-term (>9 yrs)	4.46%	4.41%	4.39%	4.37%