Downers Grove, an Illinois village, maintains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 436 units, all categorized as low-income. This inventory represents approximately 2% of the city's estimated 21,745 housing units. The village has received $26,421,018 in project tax credits through the LIHTC program, distributed across three projects, averaging $8,807,006 per project. The average federal funding per unit is $60,599. Downers Grove's share of 3.26% of the total state LIHTC funding indicates substantial investment in affordable housing for a village of its size.

The LIHTC project history in Downers Grove spans nearly 30 years, with the first project completed in 1989 and the most recent in 2018. The 2000s were the most active period, featuring two completed projects: Grove Senior Living in 2006 and Oak Tree Towers in 2018. The affordable housing inventory consists of 1 efficiency unit, 408 one-bedroom units, and 18 two-bedroom units, suggesting a focus on accommodating smaller households or individuals.

Downers Grove's population has grown from 54,873 in 2013 to 56,756 in 2022. The median income has increased from $99,051 in 2013 to $107,211 in 2022. Despite rising incomes, the presence of LIHTC projects indicates a continued need for affordable housing options. Racial demographics have shown slight changes, with a decrease in the white population from 85% in 2013 to 81% in 2022, and small increases in Asian, Black, and multiracial populations. This gradual diversification may influence future affordable housing needs.