LIHTC is America’s most successful affordable housing program having created millions of affordable rental units since its inception in the late 1980’s. Low Income Housing Tax Credits (LIHTC) is a Federal housing assistance program that provides tax incentives to affordable housing owners. It is strictly used to finance the construction of rental properties, not to property management or to renters. LIHTC properties are usually available for families earning 60% or less of the Area Median Income (AMI).