The Minnesota Housing Authority plans to begin eminent domain proceedings to acquire 100 homes to rent to low-income persons. The Housing Authority wants to pay as little as possible for the homes so that it can acquire more homes in the future, but the homeowners insist they are entitled to the fair market value of the property. In a court hearing on the matter, the homeowners are likely to prevail.

Question

Quizplus · Accepted Answer

Under U.S. law, when a government entity exercises eminent domain to acquire private property for public use, it is required to provide "just compensation" to the property owners, which is typically interpreted as the fair market value of the property.

The Minnesota Housing Authority Plans to Begin Eminent Domain Proceedings