NJ Spotlight News
Business Report: Keeping Newark housing affordable
Clip: 5/4/2022 | 2m 23sVideo has Closed Captions
Mayor Ras Baraka proposes to clamp down on corporations buying up housing in Newark
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.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Business Report: Keeping Newark housing affordable
Clip: 5/4/2022 | 2m 23sVideo has Closed Captions
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.
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