Elizabeth's Rent Cap Victory: What $20 Limit Means for Tenants

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Renters in one New Jersey city are getting a major break on housing costs — with annual rent increases capped at just $20 after voters overwhelmingly backed a measure to restore one of the state’s toughest rent-control protections.

Residents of Elizabeth, a city just south of Newark Liberty International Airport, voted Tuesday to reinstate a decades-old rule limiting annual rent hikes on rent-controlled apartments to 3% or $20, whichever is less.