Troy Hills Village, a Partnership, Plaintiffs-Appellants v. Township Council of the Township of…

Summary

The Supreme Court of New Jersey affirmed the Law Division judgment, holding that Parsippany‑Troy Hills’ rent‑control ordinance is constitutional. The Court found a housing shortage justifying regulation, determined the ordinance is not confiscatory, and concluded its rent‑increase formula and equal‑protection classification are rational. Justice Conford, concurring, agreed with the result but cautioned against the majority’s extensive discussion of fair‑return methodology.