Investor Presentaiton

RENTAL AFFORDABILITY BY HOUSEHOLD INCOME, 2020 Household Income Category Extremely Low Very Low Low Lower Moderate Moderate Upper Lower (0-60% MFI) Income Limits based on the 2020 MFI of $86,900 in North Dakota defined by HUD Less than $26,070 $26,070 $43,451 $43,450 $69,520 $69,521 $99,935 - $99,936 - $121,660 $121,661 or more Less than $52,140 Affordable Monthly Housing Costs $652 $1,086 $1,738 $2,498 $3,042 $3,650 $1,304 Affordable monthly housing costs: rental price a family can pay without spending more than 30% of income on housing Extremely Low income category can't afford median state rent ($828) as of 2020 Note: This is a median, not an average.

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