NJ Spotlight News

Business Report: Keeping Newark housing affordable

Clip: 05/04/2022 | 2m 23s

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Newark Mayor Ras Baraka Wednesday proposed a series of steps to crack down on corporations buying up housing in the city, making it unaffordable for current residents. The announcement came after a report by Rutgers University entitled "Who Owns Newark?" found that nearly half the city’s residential property was sold to corporate buyers in a three-year period.

Aired: 05/04/22 | Rating: NR

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