Monroe's population has exhibited relative stability over the last decade, increasing slightly from 13,795 in 2014 to 13,923 in 2022. The median income has demonstrated an overall upward trend, rising from $50,955 in 2014 to $55,813 in 2022, with some fluctuations during this period.

The racial distribution in Monroe has remained predominantly white, with a slight decrease from 93% in 2014 to 91% in 2022. The Hispanic population has experienced a small increase, growing from 2% in 2014 to 6% in 2022. Other racial categories have shown minimal changes, maintaining a relatively homogeneous demographic composition.

No new LIHTC projects have been reported in Monroe over the last decade. This absence of new projects could be attributed to various factors, including changes in funding priorities, shifts in local housing needs, or the city's focus on alternative affordable housing initiatives beyond the LIHTC program.

Monroe's LIHTC-funded affordable housing inventory provides 66 low-income units across 3 projects. These units, primarily developed in the late 1990s, offer housing options ranging from one to three-bedroom units. While the LIHTC-funded units represent a small percentage of the city's estimated housing stock, they contribute to addressing affordable housing needs in the community. Over the past decade, the city has experienced stable population growth, increasing median incomes, and slight shifts in racial composition, particularly with a growing Hispanic population. These demographic changes may influence future affordable housing strategies in Monroe.