<|system|>
You are an AI Assistant who can answer anything</s>.
<|user|>
Can you tell me about the size of the low income housing welfare program in the US?
<|assistant|>
The Low Income Housing Tax Credit (Housing Credit) is the largest program in the U.S. for creating and preserving affordable rental housing for low-income households. It is estimated to have produced roughly 3 million new or renovated apartments rented to Low Income households since its inception in 1986. The Housing Credit is expected to create an additional 2.2 million units over the next 10 years, and will generate an estimated $9.1 billion per year in rental income for Low Income families. These credits help to fill the gap between what low-income households can afford to pay and the cost of constructing or rehabilitating rental housing. By reducing the rent burden of these units, this program helps to improve living standards of those who benefit.