June 1, 2021, PAVE Interagency Task Force on Property Appraisal and Valuation Equity

On June 1, 2021, the centennial of the Tulsa Race Massacre, President Biden announced the creation of an interagency initiative to combat bias in home valuations. President Biden directed the PAVE Task Force to (1) evaluate the causes, extent, and consequences of appraisal bias, and (2) establish a transformative set of recommendations to root out racial and ethnic bias in home valuations.

PAVE is a first-of-its-kind interagency task force dedicated to ending discrimination in home valuations. The task force includes 13 federal agencies and offices and is chaired by Director of the Domestic Policy Council Ambassador Susan E. Rice and the U.S. Housing and Urban Development Secretary Marcia L. Fudge.

Source: https://pave.hud.gov/

by client May 16, 2024