Tax credit apartments are properties that offer affordable housing to low-income families and individuals. The owner of the property participates in the federal low-income housing tax credit (LIHTC) program, which provides a tax incentive to construct or rehabilitate affordable rental housing for low-income households. Landlords can claim tax credits for eligible buildings through the LIHTC by providing units at reduced rates to those with low incomes. The LIHTC program is designed to encourage private investors to build housing for low-income populations. Many types of rental properties are LIHTC eligible, including apartment buildings, single-family dwellings, townhouses, and duplexes. Once the housing project is made available to tenants, investors can claim the LIHTC over a 10-year period. The program has provided more than 223,900 affordable homes for low-income families, seniors, veterans, and others in Florida alone.