CONTRACTAPPROVED

City of Newark Awards Financial Services Contract to Somerset Homes Urban Renewal LLC (November 2026)

City of Newark logoCity of Newark
Approved
Nov 2, 2026

The 30-second brief

What it covers

Newark authorized the assignment of a financial agreement from Somerset Homes Urban Renewal LLC to Tethys Somerset Urban Renewal LLC. The agreement concerns a 38-unit affordable housing project at 219–239 Clinton Avenue.

Who holds it

Somerset Homes Urban Renewal LLC holds this financial services contract with City of Newark. Its other public contracts on record include work for Newark - Department of Law and Newark - Department of Health & Community Wellness.

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Contract details

Contract type
Financial Services
Document date
November 2, 2026
Source document
City of Newark Agenda Regular Meeting 2026-11-05 (Agenda)

Somerset Homes Urban Renewal LLC's other public contracts

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Questions about this contract

Who was awarded the financial services contract by City of Newark?

Somerset Homes Urban Renewal LLC was awarded this financial services contract by City of Newark, as recorded on November 2, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Newark Agenda Regular Meeting 2026-11-05 (Agenda), dated November 2, 2026 from City of Newark. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Somerset Homes Urban Renewal LLC hold?

Somerset Homes Urban Renewal LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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