Over the past decade, Downtown El Monte has undergone demographic changes coinciding with the introduction of LIHTC funded housing. The population has remained relatively stable, ranging between 5,200 and 5,600 residents. The median income has increased from $44,580 in 2017 to $63,807 in 2022, potentially indicating improved economic conditions for residents.

Racial demographics have shifted as well. The Hispanic population, while still the majority, has decreased from 74% in 2016 to 61% in 2022. The Asian population has grown from 21% to 33% during the same period. This change in racial composition suggests an evolving neighborhood dynamic that may influence future affordable housing needs.

The introduction of Town Meadows in 2020 aligns with these demographic changes, potentially responding to the community's evolving needs. The project's focus on one-bedroom units may reflect a demand for affordable housing among smaller households or individuals within the growing Asian population or other demographic groups.

Downtown El Monte's affordable housing landscape is characterized by a single, recent LIHTC funded project that contributes significantly to the neighborhood's housing stock. The Town Meadows development provides 99 low-income units, primarily one-bedroom apartments. This addition to the affordable housing inventory coincides with demographic shifts, including increasing median income and changes in racial composition. While the LIHTC funded housing covers a modest percentage of the estimated housing inventory, it represents a significant investment in addressing affordable housing needs in the neighborhood. The alignment of this development with recent demographic trends suggests a responsive approach to the community's evolving housing requirements.