Investor Presentaiton

INCOME-RESTRICTED LOW INCOME HOUSING UNIT COUNT BY AGE 2.6% Placed in Service Income Restricted Percent Date Housing Units of Total 1960-1969 325 1970-1979 1,370 11.1% 1980-1989 1,406 11.4% 1990-1999 2,370 19.2% 2000-2009 2,107 17.0% 2010-2019 3,786 30.6% 2020 or newer 997 8.1% Total 12,361 100.0% Substantial building activity in the past decade to accommodate impacts of rapid population growth and housing shortages, especially in oil impacted counties. However, more than 40% of subsidized housing is at least 20 years old. 11% built in the 80's making them 40-50 years old. 14% of units were built in the 60s and 70s and are 50- 60 years old. Source: North Dakota Housing Finance Agency (2022) and USDA (2022a)

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