Overlook Terrace Management Corp., a New Jersey Corporation, Plaintiff-Appellant v. Rent Control Board of the Town…

Summary

The Supreme Court of New Jersey held that the New Jersey Housing Finance Agency Law preempts the West New York municipal rent‑control ordinance as applied to the moderate‑income housing project, reversing the lower courts and rendering the ordinance inoperative with respect to the project. Justice Pashman dissented, arguing that the statute does not intend to foreclose local rent‑control authority and would have affirmed the ordinance.