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A Jersey Shore housing coalition pushes for rent stabilization to stop gentrification from forcing Black residents out - TheGrio

The Asbury Park Convention Center in Asbury Park, NJ is lit in red as venues nationwide participate in the Red Alert RESTART campaign to pressure Congress to provide financial help to entertainment and live event industry. (Photo by Theo Wargo/Getty Images) “Many people in Asbury Park want this ordinance in place for protection. The cost of rental units in Asbury Park is rising at an alarming rate. This levels the playing field and puts fairness back into the equation,” Derek Minno Bloom, another founding member of the APAHC, wrote. “The draft ordinance has been signed by more than 700 Asbury Park residents, who all agreed that something needs to stop the rapidly rising rent prices. One woman told me she is being pushed out of Asbury Park by the end of December because her rent is going to increase by $600 from last year.”

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