AN ORDINANCE AUTHORIZING THE ASSIGNMENT AND ASSUMPTION OF THE FINANCIAL AGREEMENT FROM SOMERSET HOMES URBAN RENEWAL LLC (“ASSIGNOR”) TO TETHYS SOMERSET URBAN RENEWAL LLC (“ASSIGNEE”) FOR AN AFFORDABLE HOUSING PROJECT CONSISTING OF THIRTY-EIGHT (38) AFFORDABLE RESIDENTIAL RENTAL UNITS LOCATED ON LAND WHICH IS IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK AS BLOCK 2589, LOT 1, MORE COMMONLY KNOWN AS 219-239 CLINTON AVENUE.

Ordinance Public Hearing, Second Reading and Final Passage Introduced June 10, 2026

What this record is

Held by: Somerset Homes Urban Renewal LLC
Runs until: no end date published in this record
Type: contract

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Read automatically from the title of the official record. The source document below is authoritative.

Committee: Economic and Housing Development
Introduced: June 10, 2026
On agenda: September 9, 2026

Full text & attachments ↗ Download briefing (PDF)

Where it was heard

Municipal Council Sep 9, 2026 Advance and Adopt on First Reading as 6F- Pass Municipal Council Sep 9, 2026

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