SECTION 1. PURPOSE

This revenue procedure provides is­ suers of qualified mortgage bonds, as de­ fined in § 143(a) of the Internal Revenue Code (Code), and issuers of mortgage credit certificates, as defined in § 25(c), with (1) the nationwide average purchase price for residences located in the United States, and (2) average area purchase price safe harbors for residences located in sta­ tistical areas in each state, the District of Columbia, Puerto Rico, the Northern Mar­ iana Islands, American Samoa, the Virgin Islands, and Guam.