Dept/ Agency: Economic Housing and Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Approving Assignment Agreement Project Information: RESOLUTION OF THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK CONSENTING TO THE ASSIGNMENT OF THE FINANCIAL AGREEMENT FROM CLINTON ARMS ASSOCIATES LIMITED (F/K/A CLINTON ARMS ASSOCIATES TO CLINTON ARMS URBAN RENEWAL, LLC FOR FIVE 2 AND 3 STORY ROW HOUSE STYLE GARDEN APARTMENTS CONTAINING SEVENTY-TWO (72) SECTION-8 ASSISTED RESIDENTIAL RENTAL UNITS LOCATED ON THE CITY BLOCK BOUNDED BY MADISON AVENUE, CLINTON AVENUE, HUNTERDON STREET AND PESHINE AVENUE, 453-467 CLINTON AVENUE, IN THE CITY OF NEWARK, NEW JERSEY, 07108 COUNTY OF ESSEX AND CURRENTLY IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 2684, LOT 1 Additional Information:

Committee

Economic and Housing Development

Introduced

January 29, 2026

On agenda

March 4, 2026

Passed

March 4, 2026

Where it was heard

Municipal Council Mar 4, 2026 Adopt Pass

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