Rent Control does not provide affordable housing to people who need it  – in fact – most new tenants in Hoboken’s rent-controlled units make over $100,000 per year. They get a subsidy at the expense of the taxpayers?

Rent Control Reform REDUCES Property Taxpayer Burden for Homeowners.

Hoboken recently passed an Affordable Housing Plan – this amendment would help create new affordable housing units.

In the last 20 years, the number of rent-controlled units in Hoboken has DECREASED from approximately 12,000 units to 8,000 units.  Landlords are selling rental units and buildings to convert to privately owned residences – REDUCING the amount of affordable rent-controlled units.

Condo Owners should not be subject to the Rent Control Ordinance.  Hoboken’s Rent Control Board wants to roll back condo rents as far as 1973 rents.

The Rent Leveling Board is disorganized, dysfunctional, and costs the taxpayers hundreds of thousands in legal fees — and has made the City vulnerable to more than $100 million in potential claims. 

This amendment specifically mentions and references strong protections for tenants against harassment.

With matching grants and municipal financing, this amendment could build approximately 700 affordable housing units over the next 5 years.

Building affordable housing units, which Hoboken has failed to do, will allow Hoboken Police Officers, Municipal Workers, and other City Employees to live where they work.

The Mayor recently vetoed an amendment to the Rent Control Ordinance passed by the Council that both the Landlords AND the Tenant Advocates agreed on.  The City cannot get control over its rent control personnel or Board.