Register Today | Collateral Damage: The Consequences of Racial Bias in the Residential Appraisal Process - May 19, 2021
Join the National Fair Housing Training Academy (NFHTA) in a National Fair Housing Forum focusing on how fair housing laws can be used to challenge discriminatory appraisals and help build wealth in communities of color.
Stories of bias in the appraisal process have raised the uncomfortable question about how far the United States has yet to go to ensure that everyone can access housing and lending markets free from discrimination. Respectively, the average Black and Latino family has just one-tenth and one-eighth of the wealth of the average White family, much of which is related to home equity. According to researchers and anecdotal evidence, there are stark differences in how properties owned by people of color are valued compared to those owned by Whites. If appraisal bias goes unaddressed, households of color will never be able to reach economic parity with White households.