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Authority announces 3% rent increase, INSPIRE compliance timeline and Riverwood leasing update
Summary
Management reported a 3% rent increase for Millport and Canaan Parish to support operations, outlined INSPIRE inspection requirements with an Oct. 1, 2026 compliance date, and said Riverwood is 95% leased after converting 21 units to 80% AMI.
Management at a New Canaan tenant-management meeting announced a 3% rent increase for two properties, provided an operational update on inspections and heating systems, and confirmed Riverwood leasing and affordability conversions.
The presiding officer said the authority reviewed local budgets and market conditions and will implement a 3% across-the-board rent increase for Millport and Canaan Parish properties to keep operations "marginally profitable" and continue servicing the properties. He noted…
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