Dossier
FAIR Act
Coverage of FAIR Act in the Nexus archive.
- New Jersey is targeting algorithmic pricing by landlords as rents remain among nation’s highest
New Jersey Governor Mikie Sherrill signed the FAIR Act to regulate landlords' use of algorithmic pricing software, which critics say artificially inflates rents. A report by the National Low Income Housing Coalition and the Housing and Community Development Network of New Jersey ranks the state as the fifth-most expensive for renters in the U.S., with housing costs 20% above the national average.
- NJ law cracks down on rent-increasing algorithms
A new New Jersey law, the FAIR Act, targets rental algorithms that calculate rent based on data to prevent rent inflation. Governor Mikie Sherrill signed the legislation into law in Newark.