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

Homeowners are entitled to receive fair market value for their property in eminent domain proceedings, as required by the Fifth Amendment of the U.S. Constitution, which mandates just compensation.

The Minnesota Housing Authority Plans to Begin Eminent Domain Proceedings