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Turner, Stack Bill to Establish Standards for Expiration of Rental Housing Affordability Controls Advances December 17, 2020, 5:14 pm | in Turner, Stack Bill to Establish Standards for Expiration of Rental Housing Affordability Controls Advances
Trenton – In an effort to assist tenants in moderate and low-income rental housing, the Senate today passed legislation sponsored by Senators Shirley K. Turner and Brian Stack that would establish standards for the expiration of rental housing affordability controls.
“With so many New Jerseyans struggling financially, rent increases have become a prominent issue for tenants. This legislation would put standards in place to prevent the unfair displacement of moderate and low-income tenants,” said Senator Turner (D-Mercer/Hunterdon). “The bill would prohibit a landlord from increasing rent in a manner that conflicts with affordability controls until the lease is up for renewal ....