TRENTON, N.J. – A Moody’s study found that the average American household is rent burdened, defined as spending 30% or more of their income on housing costs, for the first time in history. New Jersey has had this problem for years. “This 30% is a symbolic threshold, a milestone,”...
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Affordable housing bills advanced yesterday ignore renters, says DePhillips. ‘There’s a better way.’
TRENTON, N.J. – While rent is increasing at record paces in New Jersey and far above the national average, the state Assembly isn’t taking action to provide more relief for renters, despite considering a slate of bills intended to make housing more affordable Thursday. Assemblyman Christopher DePhillips says helping renters...