Over the past decade, Downtown West has experienced significant population growth, increasing from 4,429 in 2013 to 6,232 in 2022. This growth coincides with a period of relative stability in LIHTC project development, suggesting that the existing affordable housing stock has been supporting a growing population.

The median income in the neighborhood has shown some fluctuation but has generally increased from $47,319 in 2013 to $58,866 in 2022. This upward trend in median income, coupled with the stable LIHTC housing stock, may indicate a growing need for affordable housing options to maintain economic diversity in the neighborhood.

Racial demographics in Downtown West have evolved over the past decade. The Black population has remained stable at 43% from 2013 to 2022, while the White population has decreased from 50% to 43%. There has been a notable increase in the Asian population, from 3% to 8%, and the Hispanic population has remained relatively stable around 3-5%. These shifts in racial composition highlight the importance of maintaining diverse and affordable housing options to support a changing demographic landscape.

Downtown West's LIHTC funded affordable housing inventory plays a crucial role in the neighborhood's housing ecosystem, covering about 20.9% of the estimated housing stock. The area has seen consistent investment in affordable housing over two decades, with a focus on one and two-bedroom units. While the population has grown significantly and median income has increased, the racial composition has become more diverse. These demographic shifts underscore the ongoing importance of affordable housing initiatives like LIHTC in maintaining an inclusive and economically diverse community in Downtown West.