RENT GOUGING & RETROFITS - Tenants’ perspective of the CIB financing

The focus of the survey was to get the tenant perspective on the retrofit financing deal. [...] It attempts to solve the climate crisis in a way that exacerbatesg the housing crisis, and minimises the benefits of this important public investment by making tenants an afterthought. [...] Extrapolating from the data collected in the Avenue Living Tenant survey, ACORN estimates that Avenue Living rents have increased by a whopping $31,500,000 annually in the 240 buildings it plans to retrofit. [...] What is the range of the Fig 1.9 largest rent increase you have received from Avenue Living? $49 and under (Fig 1.9, N=111) $50 to $99 The largest rent increase $100 to $199 received by tenants has been $200 to $299 in the range of $400-$600 $300 to $399 for 44% of tenants. [...] They are now going to move to the building I am in to do the renovations and I am quite wary of it.