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Network Applauds New City of Newark’s Renter Protection Measure 6/7/2023 Landlords will have to pay hefty fines for “unconscionable” rent increases, after the Newark City Council passed a new law yesterday, prohibiting landlords from hiking rents more than five percent in a single year. On the ordinance, Housing and Community Development Network of New Jersey President and Chief Executive Officer Staci Berger issued the following statement: “We commend the City of Newark for leading the way towards housing affordability and security for renters with this innovative and important law. Placing clear parameters on the term ‘unconscionable’ holds landlords accountable and prevents those who are profiteering from using renters as ATMs. New Jersey rental costs are spiraling out of control, but Newark is stepping in before it becomes an economic and humanitarian crisis. “It’s crucial for our state’s economy to have powerful, statewide rental protections that keep renters in their homes and provide stability for both renters and property owners. We urge the NJ Legislature to follow the City of Newark’s lead and act swiftly to stop greedy and reprehensible rent increases.” About the Housing and Community Development Network of NJ For more information: Nina Rainiero |
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