

Jersey City's Mayor on How the City Built So Much Housing
173 snips Jun 5, 2025
Steven Fulop, the Mayor of Jersey City and a candidate for governor, discusses innovative strategies for increasing housing supply in a city grappling with affordability and gentrification. He explores the delicate balance between luxury and affordable housing, sharing successful initiatives to attract developers. Fulop emphasizes the need for state-level reforms to improve infrastructure and tackle rising rent costs. He also addresses the complexities of local governance in New Jersey and the importance of collaborative solutions to enhance livability.
AI Snips
Chapters
Transcript
Episode notes
Supply Expansion Stabilizes Rents
- Increasing overall housing supply through market rate development helps stabilize rents across the board.
- Market rate housing and affordable housing must work together to address housing affordability effectively.
Targeted Tax Abatements Boost Growth
- Map tax abatements to census tracts to incentivize development in targeted lower-income areas.
- Clarify tax abatement policies to attract new developers and reduce political uncertainty.
Non-Political Marketing Attracts Developers
- Create a non-political, city-backed marketing campaign to attract developers and residents from nearby areas.
- Match private developer dollars with public funds to amplify marketing reach and impact.