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Trenton moves to prioritize residents in city property sales, tightens vetting and monitoring of rehab projects
Summary
After a lengthy discussion, Trenton City Council advanced a housing resolution prioritizing resident buyers for city-owned properties, and directors described new vetting and deed reverter tools to enforce rehabilitation timelines and guard against absentee or out-of-state investors.
Trenton City Council on Feb. 4 advanced a housing policy intended to prioritize city residents when the city conveys vacant or deteriorated properties and to strengthen oversight of purchasers who agree to rehabilitate buildings.
The measure, discussed at length with members of the Department of Housing and Economic Development, directs staff to prioritize residents and to include monitoring provisions and deed-based reverter clauses to enforce rehabilitation timelines.
Why it matters: City officials said the policy aims to prevent absentee investors from buying multiple rental properties, failing to maintain them and driving up rents — problems council members said have affected neighborhoods across Trenton.
Director Aris Liston, Department of Housing and Economic…
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