Tricon Residential Inc. announced the launch of Tricon Vantage, a market-leading program aimed at providing its U.S. residents with tools and resources to set financial goals and enhance their long-term economic stability. Tricon Vantage represents the evolution of Tricon's resident-centric approach to single-family rental property management. At the core of this program is the Company's long-standing practice of voluntary self-governing on renewal rents, whereby Tricon caps annual rent increases for existing residents at rates typically below market.

Tricon Vantage expands the Company's commitment to go above and beyond to enrich the lives of residents by offering the following new services: Financial Literacy: In partnership with Operation HOPE, Tricon Vantage offers residents complimentary programs focused on enhancing their financial wellbeing, including workshops, one-on-one coaching and guided group sessions tailored to residents' individual financial goals. Residents also have access to information and guidance on improving their FICO score, budgeting and debt management, as well as customized approaches to personal savings to help them achieve financial freedom. If homeownership is a resident's goal, Tricon Vantage can help by providing the tools and information needed to put homeownership within reach.

Credit Builder: Tricon provides its residents access to a credit builder program, which reports on-time rent payment history and paid-in-full status to TransUnion, Experian and Equifax to help residents build better credit scores. Residents also have access to credit score insights, such as the factors that affect their score, and instant alerts to any changes or updates related to their credit report. Resident Home Purchase Program: Tricon's home purchase program gives qualifying residents the first opportunity to purchase the home they are renting in the event Tricon elects to sell it.

In addition, as part of this program, Tricon will: Pay for a home inspection (up to $500); Pay for a home warranty (up to $500). Include an appraisal contingency to ensure that the home is sold to the resident at fair market value Offer closing-date flexibility to reduce the stress of buying a home for the resident Since piloting this program four months ago, Tricon has sold five homes to residents, converting them from renters to homeowners. Resident Emergency Assistance Fund: Tricon has established a fund to help support residents experiencing unexpected hardships such as job loss, health issues, death of a relative or other catastrophic events.

The fund provides grants to residents on a case-by-case basis to help them pay rent, utilities, medical bills and insurance, and assist with short-term accommodations if necessary while repairs are being made to their home. In 2021, the program assisted over 40 residents in ten markets. Resident Down Payment Assistance Program: Tricon plans to launch a resident down payment assistance program in Third Quarter 2022 to provide long-term residents with a portion of their down payment to buy a home, should they choose to do so in the future.

This program will reward long-term residents in financial good standing and help them with a crucial step toward homeownership - funding the down payment. ricon Vantage supports Tricon's long-standing commitment to positively impacting its employees, residents and communities. Throughout the pandemic, Tricon as been a leader in resident rent relief efforts, addressing resident rent payment issues with care and consideration.

Residents were offered rent payment xtensions, late fee waivers, partial payment and rent deferral programs, the option to pay rent with their security deposit, early terminations with waivers of ermination fees and balances owing, relocation assistance and, most recently, a Resident Rent Forgiveness program.