
Legislation would prohibit certain software-driven pricing coordination practices that can contribute to soaring housing costs
(TRENTON) – In an effort to prevent rent-setting software from pricing New Jerseyans out of their homes, the General Assembly today passed Bill A3497, better known as the “Forbidding the Algorithmic Inflation of Rent (FAIR) Act.” Sponsored by Assembly members Yvonne Lopez, Margie Donlon, and Chigozie Onyema, the legislation would restrict the use of rental pricing algorithms and the impact that these algorithms may have on the overall rental market.
Continue reading “Assembly Democrats Pass Bill to Address Rental Costs”






