Examples of Applicable Federal Rate in a sentence
The maximum below-market interest rate allowed for tiebreaker purposes shall be the greater of four percent (4%) simple, or the Applicable Federal Rate if compounding.
Interest Rate: Long-Term Applicable Federal Rate in effect for the month the Consolidated Application is released.
The discount rate will be the “long term” Applicable Federal Rate (AFR) as published monthly by the IRS (annual compounding rate).
The use of a federal HOME grant or NAHASDA funds in the form of a bona fide loan that is repayable and has a certain repayment date are no longer considered a “federal subsidy” that would reduce basis or the APR, even if the interest rate is below the Applicable Federal Rate.
The interest rate for projects using low-income housing tax credits will be a minimum of 1% simple interest and a maximum of the Applicable Federal Rate for the purposes of Section 42 of the Internal Revenue Code, depending on the project's projected capacity for repayment.