https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8199933&GUID=098514A1-001D-4407-A968-455C97D8C60CLegistar15https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8199933&GUID=098514A1-001D-4407-A968-455C97D8C60C098514A1-001D-4407-A968-455C97D8C60C-2026-10-22-17-43-42Title: 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. Deferred 6PSF-b 092326 Deferred 6PSF-b 100726 Deferred 6PSF-b 102126Thu, 22 Oct 2026 17:43:42 GMT