Investor Presentaiton
AFFORDABILITY EXAMPLE:
IMPACT OF HIGHER INTEREST RATES ON LOWER
INCOME HOUSEHOLDS (EARNING LESS THAN $52,140)
Maximum statewide affordable purchase price
$200,000
$184,617
$171,220
$160,000
$120,000
$80,000
$40,000
$0
3.10%
4.00%
-Owner-occupied homes meeting affordability limits
120,000
$157,729
$145,613
100,000
$117,611
80,000
60,000
40,000
20,000
0
5.00%
Interest Rate
6.00%
6.00%
Monthly debt
projection of 10%
Monthly debt
projection of 15%
Assumptions: 30-year loan fixed, property taxes at 1% of the loan, property insurance at 1% of the loan, front-end debt-to-income ratio at no more than 28%, back-
end ratio including all monthly debts at no higher than 36%
Note: Lower income households are defined as those households earning less than $52,140 in 2020 (i.e. up to 60% MFI)View entire presentation