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Tethys Affordable Housing Financial Agreement Assignments

At a glance

  • What: Two ordinances that would assign existing financial agreements for affordable housing projects to Tethys-named entities: 82 affordable rental units in the Irvine Turner Boulevard area (Livingston Urban Renewal LLC to Tethys Livingston Urban Renewal LLC) and 38 affordable rental units on Clinton Avenue (Somerset Homes Urban Renewal LLC to Tethys Somerset Urban Renewal LLC).
  • Where it stands: Both were advanced on September 9 and then deferred on September 23 on a motion by Jackson seconded by Kelly, 9-0. The minutes annotate a further deferral of both on October 7.
  • Next: Public hearing and final passage have been repeatedly pushed; the October 21 meeting is the next place to look.

Ordinances

  • 26-0893: Livingston Urban Renewal LLC to Tethys Livingston Urban Renewal LLC, 82 affordable rental units (Block 2550 lot 1, Block 2551 lot 14, Block 2568 lots 1, 27, 35).
  • 26-0904: Somerset Homes Urban Renewal LLC to Tethys Somerset Urban Renewal LLC, 38 affordable rental units (Block 2589 lot 1).

September 23

Business Administrator Pennington commented on the 82-unit ordinance. Council Member Jackson moved and Council Member Kelly seconded deferral of each; both passed 9-0. No public speakers are recorded on either.

September 9

The Council of the Whole advanced both ordinances to first reading as 6F-a and 6F-b.

Sources

Log

2026-09-23 - City Council

Both ordinances deferred (Jackson, Kelly), 9-0.

2026-09-09 - City Council

Advanced to first reading.

2026-11-05 - Municipal Council Meeting

Assignment of the Livingston and Somerset Homes financial agreements to Tethys entities is on the November 5 agenda for second reading.