Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 138

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 138
---
2025, the effectiveness of
our disclosure controls and procedures as defined in Exchange Act Rule 13a-15(e) and Rule 15d-15(e). Based on that evaluation, our Chief
Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of June 30, 2025
to provide reasonable assurance that information required to be disclosed by us in this report filed or submitted under the Exchange Act
is recorded, processed, summarized and reported within the time periods specified by the rules and forms of the Exchange Act and is accumulated
and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions
regarding required disclosures.

We
believe, however, that a controls system, no matter how well designed and operated, cannot provide absolute assurance that the objectives
of the controls systems are met, and no evaluation of controls can provide absolute assurance that all control issues and instances of
fraud or error, if any, within a company have been detected.

Changes in Internal
Control over Financial Reporting

There
have been no changes in our internal controls over financial reporting that occurred during the quarter ended June 30, 2025 that have
materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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Table of Contents

### PART II -
OTHER INFORMATION

#### Item 1. Legal
Proceedings

None.

#### Item 1A. Risk
Factors

Other
than the following, there have been no material changes to our potential risks and uncertainties as presented in the section titled “Risk
Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024 as filed with the SEC on March 20, 2025.

Your interests could be subordinated and/or diluted by the incurrence of additional debt, the issuance of additional shares of preferred stock, including additional shares of Series A Preferred Stock, and by other transactions.

As
of June 30, 2025, our total indebtedness was approximately $347.3 million. We may incur significant additional debt in the future. The
Series A Preferred Stock is subordinate to all our existing and future debt and liabilities and those of our subsidiaries. Our future
debt may include restrictions on our ability to pay dividends to preferred stockholders in the event of a default under the debt facilities
or under other circumstances. In addition, our charter currently authorizes the issuance