It isn’t eminent domain, but they are not able to take the home without purchasing it from the current owner following the conservatorship process. And it isn’t a land grab because they are still ultimately paying for the property at market value. It is more complicated than either of us are giving it credit, but it isn’t a big bad developer stealing people’s homes or a rosey utopia in the making. It’s just a messy process of neighborhood redevelopment, which is forced into this position in part because of the laws which limit development/allow for development to be stalled by a vocal minority.