HPAC Magazine

CIB and Avenue Living to Commit $150 Million Towards Sustainable Retrofit Projects

The goals of the sustainable retrofit projects include optimizing building performance and decreasing GHG emissions by more than 49%.

June 21, 2022   Logan Caswell

The Canada Infrastructure Bank (CIB) and Avenue Living will commit $150 million towards sustainable retrofit projects in low-density residential buildings across Western Canada.

The goals of the sustainable retrofit projects include optimizing building performance, decreasing GHG emissions by more than 49%, and enhancing functionality and comfort for occupants.

Specializing in Canada’s existing rental base, Avenue Living owns and operates more than 500 medium-density buildings, consisting of over 14,400 apartments and townhomes, in 20+ regions across Canada’s prairie provinces and the United States.

Projects will be delivered simultaneously and focus on renewable energy generation on-site, low carbon heating and cooling, sensors and smart thermostats, optimized air filtration, water and vapour management, and energy consumption strategies to effectively reduce in-suite utility costs for lower-income renters.

All projects are expected to begin late in 2022.

cib-bic.ca

avenuelivingam.com

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