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Passaic council adopts rent-stabilization ordinance capping annual increases at 3% and closing vacancy loophole
Summary
After hours of public testimony from tenants, advocates and landlords, Passaic City Council unanimously approved ordinance 24-94-25 to cap annual rent increases at 3% and keep vacancy control; the ordinance includes exemptions, hardship and capital-improvement processes administered by a rent-leveling board.
Passaic — The Passaic City Council voted unanimously on Sept. 2 to adopt a rent-stabilization ordinance that limits annual rent increases to 3% and closes a vacancy decontrol loophole that would otherwise allow larger rent bumps when units turn over.
The ordinance, introduced as proposed ordinance 24-94-25 and debated at length during a packed public hearing, passed on a roll call in which Councilmembers Monk, Love, Melo, Mayer, Garcia, Colombo Munoz and the Council President recorded “Yes.” Council President opened the hearing and said the city must act to protect residents facing rapid rent spikes.
The measure establishes a 3% cap on rent increases, maintains a registration requirement for…
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