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The Low Income Housing Tax Credit (LIHTC) Program is one of the main resources for the creation and preservation of affordable rental units. The City of Chicago receives a direct allocation from the Internal Revenue Service and the tax credits are converted to equity to assist in financing rental developments. As mayor, I will work with my housing team to ensure that developments contain a mix of units, including units for families. As alderman, I made this a priority and most recently supported a multifamily development near Jackson and Western.