Skoufis reaches deal on rent increases

Senior citizens living in the Idlewild Creek Apartments have reason to rejoice this week. On Tuesday, Senator James Skoufis reached a deal with Sage Apartment Communities to cap an increase in rent.
When Skoufis hosted a forum on new rent laws, back in October, some Idlewild residents approached him about the rent increases they were hit with when it came time to sign a new annual lease.
The previous property owner received a federal tax credit which was tied to affordable rentals. This in turn put restrictions on rent increases. When Sage took over, however, the company opted to forego the tax credit.
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“I went to bat for Idlewild Creek’s residents because they were being priced out of their own homes,” Skoufis said. “With this new agreement, we are on a real path forward that puts the residents and their needs first.”