Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 174

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 174
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evaluation process includes obtaining appropriate identification, a thorough evaluation of credit history and household income, and a
review of the applicant’s rental and other payment history, and may include a background check for criminal activity for all proposed
occupants over the age of 18. We also generally require a minimum income-to-rent ratio, and seek tenants with household income that exceeds
the median household income of the market in which the property is located. Many additional factors are also taken into consideration
during the prospective tenant evaluation process, which may include household size and tenure at current job.

Our Environmental, Social and Governance Policies

Environmental: Improvements with the Environment in Mind. In keeping with our Environmental Sustainability Policy, we undertake a variety of environmental
sustainability initiatives, including the installation of energy- and water-conserving fixtures at many of our upgraded properties. Our
value-add investment model generates a continually-replenishing opportunity for us to improve the environmental impact of older, less
sustainable properties throughout the U.S., while our ground-up, build-to-rent developments incorporate environmentally sound principles
from inception. Our due diligence process incorporates evaluation of environmental impacts, which are factored into our projections for
acquisition or investment, affording us the functional and financial flexibility to develop or retrofit homes to operate more responsibly
in a changing environment.

Social: Social Responsibility.
Consistent with our Human Rights Policy, we strive to respect and promote all human rights, consistent with the UN Guiding Principles
on Business and Human Rights, the International Covenant on Civil and Political Rights, and the International Covenant on Economic, Social
and Cultural Rights. We maintain a diverse board of directors, both by ethnicity and gender, and remain committed to ensuring the preservation
of human rights in our relationships with our employees, partners and tenants. We are very pleased to report that our most recent engagement
survey showed that 87% of the employees of Bluerock are proud to work for the Bluerock family of companies.

In the creation of our portfolio,
we are especially proud that we are able to address a critical and growing need for quality, well-managed and affordable homes in desirable
communities, striving to demonstrate the possibility of embracing both people and profits. As we discuss below, according to a study by
the Joint Center for Housing Studies of Harvard University (March 2024), rent-burdened households hit a record high in 2022, as half
of all households spent more than the recommended 30% of income on rent and utilities.