Investor Presentaiton

AFFORDABLE HOUSING OPTIONS FOR RENTERS THAT WANT TO BUY • There are ~66,525 lower income households that rent (income of less than $52,140) Householders Assume 10% of lower income households want to buy: ~6,525 According to MLS data there were only 3,179 homes sold in 2020 that would have been affordable for lower income households. Household Income Total Households Approximation of Homes Sold Meeting Affordability that Rent Income Limits Extremely Low 56,545 35,013 795 Very Low 52,601 27,211 2,128 Low 72,818 28,710 5,835 Lower Moderate 45,518 12,263 8,325 Moderate 32,901 5,796 8,977 Upper 62,170 5,454 9,342 Lower 0-60% MFI 121,682 66,525 3,179

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