Seattle City Council Rejects Eminent Domain

Posted on April 3, 2014 Posted By: unitedtrusteesCategories: Legislative Update

Seattle City Council

The Seattle City Council has released its report, ‘Principal Reduction and Foreclosure Prevention’. The report was discussed at the joint meeting of the Committee on Housing Affordability, Human Services & Economic Resiliency and the Finance and Culture Committee.

The detailed report notes that the “the [Eminent Domain] strategy has widespread legal and financial implications.” Its final recommendation is that these implications outweigh its potential benefits and does not recommend pursuing it as a possible city program to address foreclosure issues.

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