The 6-3 vote pit supporters who say rising rents were fueling a “housing crisis” in Newark, making the city unaffordable to longtime residents, against opponents who insist it will discourage new construction.
Last month the Councilafter Mayor Ras J. Baraka proposed it to address a growing affordability problem in the state’s largest city. Newark continues to lag behind the state in per capita income and other economic indexes while leading the state in people living in shelters and on the street.
Members of the public applauded the Council’s vote at the afternoon meeting, where several spoke in support of the measure. “The city has, in many respects, become a playground for outside investors,” Trout said of Newark. “The affordability crisis in Newark is getting worse and likely to get much worse over time.”
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