TAP INTO HOBOKEN
Hoboken Ordinance Proposes Limits on Short Term Rentals at Rent-Controlled Properties
By Chris Halleron
HOBOKEN, NJ – Over the past few years, the short-term rental phenomenon has revolutionized the way we travel, with companies such as Airbnb, VRBO and others disrupting the lodging market worldwide. While their services create more options for the traveler, an unintended consequence has been a disruption in housing stock in and around desirable locations.
“There are a number of ways that local legislation hasn’t kept up with what’s happening in the world, especially with the increasing popularity of Airbnb and other apartment sharing applications,” said Hoboken Councilperson-at-Large Emily Jabbour, who is co-sponsoring an amendment to City Code Chapter 155 that would prohibit short-term rentals in rent-controlled properties.