Rent Reduction for KRE Residencies
Dear KRE Group,
Covid-19 has devastated the American economy and many residents of Jersey City’s KRE buildings have either lost their income or had it substantially reduced, and even those of us who retain employment are unsure of what the coming months will mean for our future employment. Some of us have been asked to take pay cuts while others are expecting the same or even worse like layoffs at organizations we work for. There are also some startups, small enterprises and entrepreneurs in our community who are also severely impacted financially. We all know that we are bracing for a prolonged recessionary environment through 2020 that will impact everyone financially.
Meanwhile, the US Government has passed an economic stimulus package that will benefit businesses like KRE but most residents of KRE buildings will see little or no benefit.
As residents, we fully support the staff who work 24x7 in all the buildings to ensure we are safe and secure. We as residents also want to ensure that their livelihood is not impacted. Similarly, we would also expect KRE management to support us tenants by temporarily reducing rent during this unprecedented crisis.
Over one hundred (and counting) 225 Grand residents have already signed a similar petition that can be found here. We now invite all our fellow renters at other Jersey City KRE residencies.
Accordingly, we the undersigned renters at KRE residencies including:
- Grove Pointe
- Journal Squared
- 485 Marin
- 235 Grand
- 18 Park
hereby request that KRE reduce our rent payment by 20% while the shelter in place order remains in effect in NJ and NY.