Housing

This bill amends New Jersey's Fiscal Year 2026 budget to redirect $500,000 originally designated for the City of Camden's Capital Projects fund to Parkside Business & Community in Partnership, a local nonprofit. The reassignment shifts funds from city capital projects to support the nonprofit's work revitalizing Camden's Parkside neighborhood through commercial development, housing, and community initiatives. This is a procedural budget adjustment that changes fund allocation without creating new policies or altering overall spending levels. The bill specifically updates the appropriations act's line items to reflect this reallocation.

This bill (A2127) prohibits electric and gas public utilities in New Jersey from charging residential tenants in multi-unit dwellings (like apartments) a meter-reading fee that exceeds the actual cost of their electricity or gas usage for a billing cycle. It specifically targets fees charged to customers who have opted out of smart meter installation and require manual meter readings. The law sets a clear cap: utilities cannot charge more for manual readings than the customer’s regular utility usage cost. This applies directly to renters in shared housing who choose manual metering, ensuring fees align with actual consumption rather than arbitrary charges.

This bill establishes clear standards for courts to determine if a rent increase is "unconscionable" (extremely unfair), directly affecting landlords and tenants in New Jersey. Courts must consider factors like the rent amount, landlord expenses, comparable local rents (including HUD data), tenant bargaining power, and property condition, with landlords bearing the burden of proof. It also excludes certain eviction court records from public access - specifically dismissed cases and cases where possession was granted over seven years ago - while exempting rent-controlled properties or regulated housing programs. The law codifies existing court practices to provide consistent, objective criteria for rent disputes.