About This Property
Ardmore Housing for the Elderly contains 6 low-income units in Bala Cynwyd, Pennsylvania, serving families and elderly residents. The property offers a unit mix of five 1-bedroom and one 4-bedroom apartment, and has been in service since 1997. This non-profit owned property receives funding through CDBG and 4% LIHTC credits.
Property Details
Fair Market Rent - Montgomery County, PA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,303 |
| 1 Bedroom | $1,451 |
| 2 Bedroom | $1,737 |
| 3 Bedroom | $2,100 |
| 4 Bedroom | $2,422 |
Income Limits - Montgomery County, PA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,850
- Very Low (50%)
- $33,100
- Low (80%)
- $52,950
- Extremely Low (30%)
- $22,700
- Very Low (50%)
- $37,800
- Low (80%)
- $60,500
- Extremely Low (30%)
- $25,550
- Very Low (50%)
- $42,550
- Low (80%)
- $68,050
- Extremely Low (30%)
- $28,350
- Very Low (50%)
- $47,250
- Low (80%)
- $75,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $51,050
- Low (80%)
- $81,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $54,850
- Low (80%)
- $87,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $58,600
- Low (80%)
- $93,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $62,400
- Low (80%)
- $99,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,850 | $33,100 | $52,950 |
| 2 Persons | $22,700 | $37,800 | $60,500 |
| 3 Persons | $25,550 | $42,550 | $68,050 |
| 4 Persons | $28,350 | $47,250 | $75,600 |
| 5 Persons | $31,040 | $51,050 | $81,650 |
| 6 Persons | $35,580 | $54,850 | $87,700 |
| 7 Persons | $40,120 | $58,600 | $93,750 |
| 8 Persons | $44,660 | $62,400 | $99,800 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Bala Cynwyd, PA?+
The Fair Market Rent (FMR) for Montgomery County, PA is: $1303 (Studio), $1451 (1BR), $1737 (2BR), $2100 (3BR), $2422 (4BR). Actual rent at subsidized properties like Ardmore Housing for the Elderly is typically 30% of household income or less.
What size apartments are available at Ardmore Housing for the Elderly?+
Ardmore Housing for the Elderly offers the following unit types: 5 One-Bedroom, 1 Four-Bedroom units, for a total of 6 units.
How do I apply for housing at Ardmore Housing for the Elderly?+
Ardmore Housing for the Elderly is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What is the price range for apartments in Bala Cynwyd, PA?+
Based on Fair Market Rent for Montgomery County, the estimated price range is: 1-bedroom: $1451. Actual rent at Ardmore Housing for the Elderly may be lower for income-eligible households.
Who is eligible to live at Ardmore Housing for the Elderly?+
Ardmore Housing for the Elderly primarily serves families, elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Ardmore Housing for the Elderly?+
Ardmore Housing for the Elderly is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Montgomery County, PA?+
For a 4-person household in Montgomery County, PA, the income limits are: Extremely Low Income (30% AMI): $28,350, Very Low Income (50% AMI): $47,250, Low Income (80% AMI): $75,600. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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