The Ardmore Housing For The Elderly project consists of 6 units, with 5 one-bedroom units and 1 four-bedroom unit. This distribution indicates a focus on accommodating single elderly residents or small families within the affordable housing inventory.

Over the past decade, Bala Cynwyd has experienced demographic shifts. The population has grown from 7,725 in 2019 to 8,939 in 2022, indicating a significant increase in residents. Median income has fluctuated, reaching $122,013 in 2021 before decreasing to $109,014 in 2022.

Racial demographics have also changed, with the white population decreasing from 82% in 2019 to 77% in 2022. The Black population has increased from 3% to 12% during the same period. The Asian population has remained relatively stable at around 7-9%.

Despite these demographic changes, there have been no new LIHTC projects in the last decade. This may be due to the relatively high median income in the area, which could reduce the perceived need for additional affordable housing units.

Bala Cynwyd has a single LIHTC funded project, Ardmore Housing For The Elderly, which has provided affordable housing since 1997. While this project contributes to the city's affordable housing stock, it represents a small percentage of the overall housing inventory. The city has experienced population growth and demographic shifts in recent years, but these changes have not resulted in additional LIHTC funded projects. The high median income in the area may be a factor in the limited expansion of affordable housing through the LIHTC program.