The Low-Income Housing Tax Credit (LIHTC) program was created by The Tax Reform Act of 1986 to provide incentives for private developers to build low-income housing units. The LIHTC program is now the largest subsidy program for low-income rental housing in the country. The program has financed the creation of more than 1.4 million new units per year. Under the LIHTC program, investors can reduce their federal income taxes by $1 for every dollar of tax credit received. They are able to receive this credit for up to 10 years, and the property must remain occupied by low-income households for at least 15 years. This paper explores the effectiveness of the program and whether the program lives up to its anticipated goals and objectives.