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NJ Spotlight News | Newark restricts some developments to affordable housing | Season 2023

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The aim of a recent ordinance is to stop trend of large investors snatching up properties
The video from PBS, titled "Newark Affordability," discusses the challenges of affordable housing in Newark, New Jersey. It highlights how the city's revitalization efforts, while bringing new development and economic growth, are also leading to gentrification and displacement of long-time residents. The video features interviews with local residents and activists who express concerns about rising rents and property values, making it difficult for low-income families to remain in their neighborhoods. It also includes perspectives from city officials and developers who argue that new investments are necessary for the city's progress, but acknowledge the need for more affordable housing options. The video emphasizes the ongoing struggle to balance development with the preservation of affordable living spaces for all residents.

Read the Full PBS Article at:
[ https://www.pbs.org/video/newark-affordability-1674594605/ ]