In 1986, the federal government introduced the Low Income Housing Tax Credit Program (LIHTC), also referred to as the Section 42 Program in certain states. The program aims to leverage private sector resources for the crucial task of constructing and managing affordable housing for low and moderate-income households. Residents of LIHTC properties benefit from reduced rent, making it an accessible housing option. Typically, these properties offer lower rental rates compared to neighboring properties, provided the residents meet the annual income requirements. In return for providing this rent advantage, property owners receive tax credits that help offset a portion of the building’s costs