The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States designed to encourage the development of affordable rental housing for low-income individuals and families. It provides tax incentives to private developers who build or rehabilitate housing units that meet specific income and rent restrictions. By offering these tax credits, the program aims to increase the supply of affordable housing, making it more accessible to those in need. The LIHTC program has been instrumental in financing thousands of housing projects across the country, contributing to community development and economic growth.