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.

Burlington Needs to Hold Slumlords like Bove Accountable

The city council recently did business with local slumlord Rick Bove in overwhelming support, voting 9-3. It seems that the 70 housing codes the Bove family amassed over the past few years, did not factor into the minds of our elected leaders. The priority to build up our downtown core seems more important to our city than ensuring that working class residents can live with dignity. As our city continues to grow, now is the time to create more protections for our most vulnerable neighbors, to ensure that slumlords like Rick Bove are held responsible for their actions.

A little background is needed to understand why I would make such a bold claim against a renowned Burlington family. Over the past 4 years the Boves have amassed over 70 housing code violations on their 16 properties, not far behind notorious slumlord Soon Kwon, with one property falling into such disrepair it was condemned by the city and tenants were forced to move. According to Seven Days, in 2013 the city even held their liquor license hostage so that the Boves would pay and fix over 40 housing code violations.

Rick Bove’s response to Seven Days? “You can write whatever you like, it doesn’t matter to me.” Clearly, it also doesn’t matter to him what terrible, heartbreaking conditions his tenants live in.

At my NPA, I wanted to understand why slumlords like the Boves are given countless chances to change without any serious repercussions or consequences. While it was heartening to hear Councilor Roof admit that the Boves have been slumlords for decades, it was discomforting to know that he and other elected officials have done little (to little effect) to curb these criminal behaviors. Several councilors even stated that the ends, more housing in the city, justified the means, slumlords being encouraged to develop and own more property in Burlington.

One would think our elected officials should be doing everything in their power to discourage criminal behavior, and recognize that positive ends rarely justify destructive means.

Why are landlords allowed to have outstanding fines for so long? Why hasn’t the city council enacted and funded more vigorous protections and enforcement? What are they now going to do to start addressing a long-ignored problem?

There is some hope coming from our Code Enforcement Director, Bill Ward. He has been working with a city attorney to find ways to revoke landlords’ rental licenses when they act like slumlords and amass many fines.

While this is a really great start, now more than ever we need to ask our elected leaders to ensure all residents have stable, safe housing, and that landlords who racks up fines will be held responsible – particularly by the city taking away their rental license, and refusing to do business with them until they have made a long-term effort to change their past behavior.