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All states receive federal low-income housing tax credits. Missouri is one of only two states with a 100% matching state low-income housing tax credit. The combination of state and federal credits results in very low debt-to-equity ratios; typically less than 25%. Nationally, the debt-to-equity ratio is substantially higher. While the risk of default on tax credit projects is exceptionally small, the absence of significant debt on Missouri projects further minimizes the risk for projects located in Missouri.
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