Hoboken council unanimously approves 1st reading of rent control compromise

The Hoboken City Council approved a rent control compromise to avoid a fall referendum. The amendments aim to maintain tenant protections, improve compliance with rent control laws, and provide funding for enforcement and affordable housing. Landlords can increase rents on vacant units under certain conditions. Critics argue the compromise benefits landlords over tenants. Despite opposition, the council unanimously passed the legislation, emphasizing it won't affect existing tenants but allows for property upgrades and new tenant agreements.