Jersey City's Mayor on How the City Built So Much Housing

Bullish:

• $JERSEYCITY - Jersey City has experienced significant growth and development under Mayor Steven Fulop's pro-growth policies, with visible changes to the skyline and an increase in the city's share of state building permits.

  • “I've been unapologetically very, very pro growth. You could see the skyline change across the river.”

    Steven·4:03
• $HOUSING - Jersey City is implementing policies to promote both market-rate and affordable housing development, including tying affordable housing requirements to tax incentives and increasing housing density to slow rent increases.

  • “We do have, you know, a specific minimum requirement when they do get a specific incentive, like a tax abatement from the city.”

    Steven·7:48

  • “You could definitely slow the growth of rental increases. Okay? So whether you're gonna have a massive rental decrease, I don't know, but you could definitely slow the growth.”

    Steven·24:39

Bearish:

• $MUNISERV - There's a proposal to tie state funding to municipal cooperation on housing goals, suggesting potential changes in how resources are allocated to local governments.

  • “I do think Trenton needs to tie dollars and resources to those municipalities that are cooperating. You do need a carrot and stick approach.”

    Steven·15:30