Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 194

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 194
---
 independent director includes the following duties:

| · | call meetings of the independent 
 directors, as needed;            |

<div align='center'>102</div>

| · | develop the agendas for meetings 
 of the independent directors;    |

| · | preside at executive sessions of 
 the independent directors;       |

| · | confer regularly with the Chief 
 Executive Officer; and          |

| · | serve as a liaison between the Chief             
 Executive Officer and the independent directors. |

Director Independence

Under our Corporate Governance
Guidelines, a majority of the members of our board of directors, and all the members of our audit committee, compensation committee, and
nominating and corporate governance committee, must be “independent.” Our Corporate Governance Guidelines define an “independent”
director in accordance with the NYSE American Company Guide and under applicable law. In addition, audit and compensation committee members
are subject to the additional independence requirements of applicable SEC rules and NYSE American listing standards. Our Corporate
Governance Guidelines require our board of directors to review the independence of all directors at least annually. A director is not
independent unless our board of directors affirmatively determines that he or she does not have a material relationship with us (either
directly or as a partner, director, member, stockholder or officer of an organization that has a relationship with us).

Board Role in Risk Oversight

While our Manager will be
responsible for the day-to-day management of risks faced by the company, our board of directors, as a whole and through its committees,
will have responsibility for the oversight of risk management. No less than quarterly, our entire board will review information regarding
the company’s liquidity, borrowings, operations, legal and regulatory compliance and actual and expected material developments in
our business, as well as the risks associated with each. In addition, each year the board of directors will review our investment strategies
and objectives and their continued viability, and each quarter the directors will review variances in major line items between our current
results and our budget from the prior quarter, review all significant changes to our projections for future periods and discuss risks
related to our property portfolio. The board of directors will also oversee risk management with respect to certain real estate investments
proposed by our Manager and our investment policies and procedures. The audit committee will oversee risk management in the areas of financial
reporting, internal controls and compliance with legal and regulatory requirements. The compensation committee will review and approve,
on an annual basis, the corporate