With regard to the Canada Infrastructure Bank's (CIB) investment in the Avenue Living residential retrofits: (a) what is the summary of the terms of the project agreement with Avenue Living; (b) which properties are undergoing retrofits financed by the CIB; (c) at which properties is the CIB aware of significant rent increases since the financial close of the agreement; (d) how much of the investment has been disbursed to date and how has that financing been disbursed; (e) what is the current status of each of the retrofit projects at Avenue Living properties; (f) what measures did the CIB take when the investment agreement was made to ensure the investment would not be used as a rationale to increase rent; (g) if the answer to (f) is none, why were no measures taken; (h) what, if any, changes to the agreement will the CIB make in light of the rent increases at some properties; and (i) what changes is the CIB implementing to ensure its financing of retrofits do not result in rent increases at rental properties?
In the House of Commons on June 19th, 2024. See this statement in context.