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Renters deserve more help. Assemblyman DePhillips will keep pushing until they get it.

NEW JERSEY – A Moody’s study found that the average American household is rent burdened, defined as spending 30% or more of their income on housing costs, for the first time in history. New Jersey has had this problem for years, Assemblyman Christopher DePhillips said.

“This 30% is a symbolic threshold, a milestone,” said Thomas LaSalvia, the director of economic research at Moody’s.

Last week, DePhillips advocated for renters on the Assembly floor, providing them thousands of dollars in long-term relief to pay rent. His proposal would have saved the average renter of a one-bedroom unit $3,450 this year and two-bedroom unit renters an average $4,408 this year. Renter savings would increase annually.

That is based on rent for a one-bedroom unit increasing by 33% to $2,396 per month from $1,803 in the past year, and a two-bedroom unit increasing 38.5% to $3,061 from $2,210, according to a report by

“The rent-to-income ratio continued to climb up because income growth was not able to catch up with the rent growth,” said Lu Chen, a senior economist at Moody’s Analytics.

DePhillips advocated for renters’ property tax deduction, which is considered 18% of rent in New Jersey’s income tax code, to increase to 30% – in line with accepted standards of rent-burdened households. His proposal would save renters $135.5 million by the Office of Legislative Services’ highest fiscal estimate. Providing far more benefit than any other proposal in the legislature at a fraction of the cost.

“We can’t let people end up on the streets,” DePhillips said. “The state has an ability to help people keep a roof over their heads. It seems purely partisan to me that Democrats haven’t provided significant long-term relief to renters based on widely accepted standards of what is affordable for the average person.”

DePhillips’ bill, A1148, has been around for two and a half years, but Democrats have unanimously rejected his push for it multiple times.

“Affordability is supposed to be a nonpartisan issue. I won’t stop trying to help people who need it, despite partisan politics preventing people from getting the help they need,” DePhillips said.

Jay Edwards

Born and raised in Northwest NJ, Jay has a degree in Communications and has had a life-long interest in local radio and various styles of music. Jay has held numerous jobs over the years such as stunt car driver, bartender, voice-over artist, traffic reporter (award winning), NY Yankee maintenance crewmember and peanut farm worker. His hobbies include mountain climbing, snowmobiling, cooking, performing stand-up comedy and he is an avid squirrel watcher. Jay has been a guest on America’s Morning Headquarters,program on The Weather Channel, and was interviewed by Sam Champion.

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