Asbury Park’s Rent Control Ordinance:

Effective June 1st 2021

Key Points:

  • Caps rent increases at 3.5% or CPI, whichever is greater:
    • CPI has been below 3.5% for several decades, and is forecasted to remain at 2% or less for the foreseeable future
  • Real rent protections will actually be in place to help those residents who need it
  • Vacancy Decontrol alleviates the impact to your taxes and is central to the City’s ordinance
    • It is the only fair way to balance renter and homeowner interests
  • Fair representation on the Rent Leveling Board
  • Enforces compliance with Standards of Service as required by law
  • Ordinance is flexible and can be amended at any time depending on the City’s needs

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CITY COUNCIL COMPROMISES: VOTES UNANIMOUSLY TO PROTECT RENTERS

Asbury Park Rent Ordinance Information

For a comparison of the City Council Adopted Rent Ordinance and the Petition Referendum…

ASBURY PARK’S AFFORDABLE HOUSING ORDINANCE IS ALSO ALREADY IN EFFECT:

Effective Rent Control has come to Asbury Park. Let’s build a better community for everyone.

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Paid for by Protect Asbury Park: 1410 Main St, Asbury Park, NJ 07712