August 17, 2017
City of Jersey
City
Office of the
Mayor
280 Grove Street
Jersey City, NJ
07302
Dear
Steve,
This
office is
concerned that you may not fully understand the concerns of a group of
Jersey
City REALTORS that you recently met with and discussed your ideas to
battle the
recent rapid gentrification that is occurring in Jersey City. It was relayed to me by
some of the REALTORS who
attended this meeting that you dismissed our research on what happens
when bad
policy is implemented. The kind of policy being discussed by your
administration does more harm for tenants than it does good.
The
graphic
that was presented to you on the changing housing stock which compared
Hoboken
with Jersey City may have been misunderstood.
It was not a statistical study or a
theory, but it was fact based. The
reason we put together this active
changing housing stock comparison of Hoboken with Jersey City was
because in
1983, Hoboken implemented a rent control policy,
like the one you are thinking will protect Jersey City residents
from gentrification. However,
it did not
protect Hoboken tenants, but ironically, it actually helped put
gentrification
on a fast track. I
have been advised that
the REALTORS who met with you did not mention my personal experience
with
gentrification in Hoboken. Since
I was a
long time resident of Hoboken during the beginning of its gentrification, the following maybe helpful for you
to understand your thinking is the wrong way to go.
In
April 1983
,
when Hoboken
City
Council included three and four family buildings under rent control, I attended that meeting. At that meeting, I predicted
that in 50 years
this new law would change the makeup of our neighborhoods with small
buildings
and that it would actually do more harm for tenants. I also discussed
how this
policy change, along with other
policies would speed up the gentrification of Hoboken.
My prediction was that two through four
family homes would be converted to one family homes or condominiums. I
regret
that my prediction is on track to come true sooner than I predicted.
At
this
meeting, suggestions were made by residents and all were ignored. The
suggestions I believe would also be helpful to you are:
The
first was
not to approve the rent control amendment they were considering because
the
market place would naturally change the housing stock,
reducing the number of apartments available for tenants to
rent.
The
second was
to reimplendent the acquiring of federal and state funding for
providing rent subsidies
for moderate income tenants. This would mean hiring the proper staff, instead of friends and family
members.
The
hardest recommendation
for the elected officials to accept was for them to stop their
marketing of
Hoboken. This
marketing was inviting
more people to move to Hoboken and the complaint was that it was really
being
used to improve the image of the elected officials. The Hoboken
residents
suggested that instead of using those tax monies for promoting the
city, for the
money to be put to a better use by providing subsidies for moderate
income
tenants.
Gentrification
arrived in Jersey City more than 20 years ago.
Today’s problem today is that it has
left Downtown and currently moving
rapidly throughout more Jersey City areas.
With that, longtime residents fear their
neighborhoods are not changing to
benefit their families and friends. The elected officials in Jersey
City can
make the same mistakes made in Hoboken or they can change their present
thinking and policies.
Sincerely,
Joseph
W.
Hottendorf
Executive
Vice President
110A
Meadowlands Parkway, Suite 103 •
Secaucus, New Jersey 07094 • 201-867-4415
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