Demographic trends over the last decade show Ardmore experiencing steady population growth, increasing from 17,736 in 2010 to 20,315 in 2022. The median income has risen from $109,506 in 2013 to $127,951 in 2022, indicating overall economic growth in the area.

Racial distribution in Ardmore has remained relatively stable with a slight increase in diversity. The white population decreased from 80% in 2013 to 77% in 2022, while the Asian population increased from 3% to 8%. The Black population decreased from 9% to 5%, and the Hispanic population remained stable at 4-5%.

The rising median income and relatively stable racial distribution suggest that while the overall economic situation in Ardmore has improved, there may still be a need for affordable housing options for lower-income residents. The LIHTC-funded project, while providing a valuable contribution, may not fully address the potential demand for affordable housing in the area.

In summary, Ardmore's LIHTC-funded affordable housing project, Ardmore Crossing Apartments, provides 53 low-income units, representing a small but significant portion of the city's housing inventory. The project has been serving the community for over 15 years, offering one-bedroom units to those in need. While the city has experienced economic growth and slight changes in racial distribution over the past decade, the continued presence of LIHTC-funded housing suggests an ongoing need for affordable options in this suburban community.