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Table 5 <br />Household Income and Retail Spending Potential <br />Steelwave LLC Annexation FIA; EPS #241085 <br />Item <br />Estimate <br />(2024$) <br />Estimated Annual Household Income <br />Arroyo Lago <br />Single Family Homes 35% of income spent on housing $320,729 <br />ADUS Alameda County Income Limits $87,200 <br />East Lakes Project1 <br />Market Rate Independent Living 54% of income spent on housing $161,912 <br />BMR Independent Living2 Alameda County Income Limits $149,500 <br />Market Rate Assisted Living 54%of income spent on housing $132,498 <br />BMR Assisted Living Alameda County Income Limits $59,950 <br />Household Taxable Retail Spending3 <br />Arroyo Lago <br />Single Family Homes 14% of income $45,986 <br />ADUS 27% of income $23,762 <br />East Lakes Project <br />Market Rate Independent Living 12% of income $20,210 <br />BMR Independent Living 12% of income $18,661 <br />Market Rate Assisted Living 12% of income $16,539 <br />BMR Assisted Living 12% of income $7,483 <br />Weighted Average Household Spending3 $26,830 <br />(2) Reflect income limits for a 2-person household. <br />Sources: U.S. Bureau of Labor Statistics; Economic & Planning Systems, Inc. <br />Assumptions <br />(3) The percentage of household income spent on taxable goods is sourced from the Bureau of Labor Statistics Consumer <br />Expenditure Survey. <br />(4) Household incomes are weighted based on the number of units. <br />(1) This analysis assumes seniors spend a larger percent of their income on housing, based on US Bureau of Labor <br />Statistics Consumer Expenditure Survey (Table 1300). <br />Page 233 of 749