No Eminent Domain for Private Gain

Bills to prevent the use of eminent domain for carbon pipelines has supporters of the legislation using a familiar chant- No eminent domain for private gain. We’ve talked about the bills already this year, I won’t bore you, but the support mantra addition is new.

CBS2 Iowa. | Landowners rally at Iowa State Capitol: “No eminent domain for private gain”

State Budget Include Worker Housing to Ease Worker Shortage

Connecticut’s state budge tis proposing  $200 million in incentives for developers to construct housing for the new workers Connecticut needs to fill 100,000 job vacancies. The Governor wants to see 6,400 housing units and calls worker housing the key to economic growth.

Governing | Finance of the Future | Gov. Lamont’s Proposed Budget Includes $200M for Worker Housing

1st Right of Refusal for Cities

An affordable housing bill in Colorado would give cities and counties the right of first refusal when apartment buildings are offered for sale. This would allow the cities and counties to convert apartment buildings to affordable housing.

Denver Post | Colorado cities would get first right of first refusal when apartment buildings sell in new affordable housing plan

Compensation Discrepancies

Let’s take a look at two eminent domain situations in Texas and the differences between what property owners/the market value of property is vs. what Govermental entities are willing to pay.

San Antonio Bar Owner v. San Antonio & The Alamo. The owner market value is at $17 million. San Antonio is offering $3.5 million.

The Operators of the Austin Airport were awarded $90 million by special commissioners, that is 46 times the amount the cCity of Austin offered.

Real Clear Markets | A Potential Bar Seizure In Texas Calls for Revisiting Eminent Domain

KUT | Austin ordered to pay South Terminal operator $90 million in eminent domain fight at ABIA

Keeping Homeowners in their Homes

Detroit created the  0% Interest Home Repair Loan Program in 2015 to help keep homeowners in their homes by offering 10-year, interest-free loans ranging from $5,000 to $25,000 to help homeowners replace windows, remove lead and fix structural issues. 

The program is a  $13.5 million investment in the community. 95% of borrowers are Black. It is lauded as Black homeownership preservation tool to build intergenerational wealth.

Route Fifty | One City’s Attempt to Bring Racial Equity to Home Repairs