Somerset Homes affordable housing assignment
Description
Transfer of the financial agreement for a 38-unit affordable housing project on Clinton Avenue from Somerset Homes Urban Renewal LLC to a Tethys entity — deferred three times previously.
Impact summary
The 38-unit affordable project's ownership transfer is on hold.
Applicant
- Name
- Tethys Somerset Urban Renewal LLC
- Address
- 219-239 Clinton Avenue, Newark, NJ
At a glance
- Hearings
- 4
- Public comments
- 0
- Total mentions
- 4
Last vote · City Council
Rising — discussed at 3 meetings since Sep 23, 2026, up from 0 in the two months before.
Meeting timeline (4)
Municipal Council — November 5, 2026
Transfer of the financial agreement for a 38-unit affordable housing project on Clinton Avenue from Somerset Homes Urban Renewal LLC to a Tethys entity — deferred three times previously.
Municipal Council — October 21, 2026
Assigns the financial agreement for 38 affordable rental units on Clinton Avenue from Somerset Homes Urban Renewal LLC to Tethys Somerset Urban Renewal LLC; previously deferred twice.
Municipal Council — October 7, 2026
An ordinance was up for final passage to transfer the financial agreement for a 38-unit affordable rental project on Clinton Avenue to Tethys Somerset Urban Renewal LLC.
Municipal Council — September 23, 2026
Would transfer the financial agreement for 38 affordable units on Clinton Avenue to Tethys; deferred.
Related issues (1)
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