During the public discussion, several residents advocated for rent control. One speaker called for measures to protect tenants from landlords imposing exorbitant rental fees, while another highlighted the struggles of those who do not qualify for rent assistance. A resident even suggested adopting a multi-pronged approach, which would include assistance for homebuyers and taxing corporations.

Property owners and landlords raised alarms about the potential repercussions of rent control. They emphasized the difficulties in maintaining and improving rental properties should rent control be implemented. With upcoming increases in interest rates and the challenge of finding qualified tenants, property owners expressed fears that rent control could lead to a devaluation of their investments and deter new investors from entering the market. A landlord shared how modest rent increases had allowed for necessary property repairs and improvements, a practice that could be jeopardized by rent restrictions.

One of the most contentious moments in the meeting occurred when a council member criticized a proposed rent control ordinance for its striking resemblance to the one from Perth Amboy. The member pointed out the different population and economic contexts of the two towns, questioning the validity of applying Perth Amboy’s model to Phillipsburg. The council member also voiced concerns about the financial strain on taxpayers, the cap on rental increases, and the potential negative impact on housing supply and property investment.

The debate extended to the practical aspects of enforcing rent control, with calls for transparency and public access to the ordinance details. Members of the council were divided, with some sharing personal endorsements of rent control, while others expressed skepticism about its efficacy and the financial burden it could impose on taxpayers.

Additionally, the meeting tackled concerns over the increasing number of rental properties in Phillipsburg and their registration. The lack of registration for these properties was highlighted as a problem that could strain public services like education due to unregistered tenants. The conversation underscored the need for community stability and pride and addressed the broader implications of affordable housing on the town’s development.

A proposal for a rental stabilization board was also put forth, prompting debate over its composition and appointment process. Suggestions were made to revise the board’s structure to ensure it represented a broader segment of the community. The council expressed openness to input and adjustments.