NJ Spotlight News

Business Report: Unaffordable rents

Clip: 08/02/2022 | 2m 27s

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On Tuesday, members of the Senate Banking Committee heard testimony that more renters are at risk of becoming homeless. Princeton University sociology professor Matthew Desmond testified that last year rents increased 17% faster than they ever have on record and evictions are surging. He called for passage of the Eviction Crisis Act, which would fund a new emergency rental assistance program.

Aired: 08/02/22 | Rating: NR

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