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Purveyors of the idea that eminent domain can be used to assist homeowners in distress are facing new allegations that their plan is to profit, not to help. A recent analysis in Richmond, CA is the latest to fuel the fire.
When comparing a map of the homes the city has targeted for assistance to a map of foreclosed properties in the city, one thing is clear: They’re pretty different. The areas with the most foreclosures aren’t necessarily the neighborhoods that Richmond has targeted for relief. “A lot of the people that think they will be helped by this program will not be helped at all,” said Jeff Wright, a realtor and one of the plan’s most vocal critics.
