Who are Burlington’s Largest Landlords?

After a year of research I’m proud to share my research around housing in Burlington. This map shows which landlords own at least 100 beds and how much they own. If you want to look at a full screen map, click here.

In a town where 60% of residents own $0 housing wealth, the wealth gap continues to grow, leaving a few hundred wealthy landlords with immense wealth, while the vast majority of residents have little or no wealth at all. In total, property owned by these 27 landlords, just in Burlington, is conservatively valued at $1.23 billion dollars. Yes, you read that right. They own over HALF of all housing units in the city and over 40% of all beds, totaling 16,600 beds and 8,600 total units of housing.

Even if we look just at large for-profit and non-profit landlords, (we can talk about the immense influence UVM and Champlain College exert over our rental costs another day) the wealth these private individuals and organizations own, and number of housing units they control, means a handful of folks exert enormous influence over most of our lives.

The true ‘market’ value is likely upwards of $300 million, but the data is harder to parse as non-profits aren’t always assessed like for-profit buildings.

The 23 largest private, for-profit landlords own nearly $400 million in property, with a median personal wealth of $11 million. They own over 3,101 units and 6,056 bedrooms, or 19% of all units and 15% of all bedrooms in the city.

How do we, as tenants, gain control when a handful of individuals have such influence over our lives? By working together, through solidarity, and forming a tenants’ union. While we may not have much wealth we do have numbers – in fact if all renters voted, we would be easily able to vote for rent control, better enforcement, swifter and harsher penalties when landlords fail to act, public lawyers to represent us, and other rent and tenant protections.

Bissonette and Legal Mass-Evictions

Over the course of a couple years, Bissonette has legally evicted nearly all of their tenants by upgrading their housing; the vast majority of said tenants were using Section-8 vouchers. This is not only entirely legal in an unregulated housing market like Burlington, but it is putting a huge, terrible housing crisis on Burlington’s low income residents as the city loses hundreds of units of affordable housing. While Mayor Weinberger regularly talks about the need to build market-rate housing to meet our city’s housing crisis, this crisis seems to exist outside of the Mayor’s reality. In fact it wasn’t until CEDO, the mayor, and city councilors wanted to sell city land to known slumlord Rick Bove that any elected officials recognized this severe loss of housing.

Just look at the numbers – in the past few years nearly 300 units of housing, most of which is located in the Old North End, over 540 bedrooms, are no longer affordable. The average price per bedroom in a Bissonette apartment, based off of their own numbers online, is $843 per bedroom. This is how gentrification raises the rents of previously affordable apartments, as $1700 for a 2 bedroom apartment is about the price for new Redstone apartments.

As far as I know, no elected officials have offered solutions on how to mitigate these legal mass evictions, or how to protect our city’s most vulnerable residents. These are the sort of issues that really define gentrification, and are the issues that our elected officials need to be actively fighting so that our must vulnerable neighbors are’t priced out the city entirely.

The Boves are Slumlords and the City Shouldn’t Work with Them

We, as a community, are at a crossroads. Recent policy decisions by our current administration continue to put the welfare of businesses and wealthy landlords over the needs of our residents. But we can change that! A case study can be the Boves family, especially local landlord Rick Boves, shows us how if we let developers and landlords build for the good of the city, even when they have caused serious damage to residents, we send out a message that large landlords can play by a different set of rules.

Folks who have never rented from the Boves may not know that, as landlords, they leave much to be desired. In fact, after researching articles for this post, I have zero qualms calling them slumlords. As a former renter, the apartment wasn’t kept nice, where mice and house centipedes were regular guests, where you could still see bits of carpet where the floor met the wall. It wasn’t fixed up from the previous tenants before I moved in, and it cost a decent deal more than it was worth. So it is fair to say I’m a bit biased about the Boves as landlords.

Fortunately for us (but not for their tenants), there is quite an extensive history of the Boves’ treatment of their tenants. In 2013, the city held the restaurants’ liquor license due to over 40 housing codes they refused to resolve at their crumbling George Street apartments. I used to live on Monroe street and had the misfortune of walking by these miserable apartments every day. I cannot imagine how miserable it felt to live inside them.

You’d think, after an article like that came out shaming the Boves, they would spend a few dollars to at least make their apartments look decent on the outside. I think any reasonable, thoughtful landlord would admit their mistakes and try to change. But the Boves made no such efforts. In May of this year, with another 38 code violations still pending, the Bove family decided to knock down the apartments to build newer, pricier apartments (and a hotel), which their current tenant certainly couldn’t afford.

In 4 years, they have received over 78 code violations. 

It gets worse. The renters in those apartments were all very low income residents, some of whom I’ve been told even worked for Boves. If this feels like a Charles Dickens novel, you wouldn’t be wrong. These folks lived in abysmal housing, where “violations including broken windows, leaky plumbing, a cracked toilet seat, failed caulking, defective cooking equipment, and cracked walls and holes in the ceiling” were left unfixed. These aren’t the sort of violations that cost hundreds of thousands of dollars to fix – they are the type of reasonable fixes ANY landlord should make.

Instead of fixing up the apartments, the Bove family has moved their tenants to other buildings and are knocking it down to build luxury housing. What are the odds that the old tenants will be given affordable units?

Once, when Boves was cited for  ‘(L)live electrical wires dangling from a ceiling” at a North Williams apartment, the place was deemed uninhabiatble by Code Enforcement. What did the Boves have to say?

“You can write whatever you like. It doesn’t much matter to me.”

Now, the city, supported by Mayor Weinberger and by CEDO Director Noelle McKay, are considering selling a parking lot to Boves so he can build a boutique hotel. Land is a hot commodity in Burlington, and land this close to downtown, with support, could easily be converted into MUCH needed homeless or very low income housing – hell, it could and should be used to give Bove’s former tenants a decent place to live.

If this development happens, and if the city supports this development by selling off land, we will be sending a really terrible message, one where if you ignore our local laws, if you treat fellow human beings like shit, you will be rewarded.

We need to send our elected officials a message that this type of behavior should NOT be rewarded. Please email Director McKay, please email your city councilors and come to the city council meeting in a few weeks where councilors will vote on whether to sell land to Boves. They clearly do not deserve to be landlords, never mind to build new hotels or apartments in our beautiful city.