What happens to the owners and occupants if the Agency does acquire a property?
Any need to acquire a property will be communicated to the owner and, if applicable, the tenant well in advance of any action being taken. If the Agency acquires the property, California law insures that the owner will be paid full market value and that full relocation benefits will be paid to any businesses or residents displaced by the purchase of the property. Full relocation benefits include helping to find a new home or business location, direct moving expenses and, to the extent necessary, subsidizing the cost of renting or owning a new home or business. The Plan prohibits discrimination or segregation by reason of race, color, religion, creed, marital status, sex, sexual orientation, national origin or ancestry in the sale, lease or occupancy of any property.
Related Questions
- Can the Inglewood Redevelopment Agency acquire possession of my property before the property’s fair market value is determined in the eminent domain lawsuit?
- Will TxDOT need to acquire additional property for highway improvements? If so, when will property owners know if their property will be impacted?
- What happens to the owners and occupants if the Agency does acquire a property?
