HUD SECRETARY FUDGE REITERATES COMMITMENT TO END APPRAISAL BIAS AND CREATE HOUSING OPPORTUNITIES IN MARGINALIZED COMMUNITIES
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Thursday, August 3, 2023
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HOUSTON, Aug. 3, 2023 /PRNewswire/ -- The National Association of Real Estate Brokers (NAREB) agreed yesterday to work with the U.S. Department of Housing and Urban Development (HUD) to address appraisal bias and discrimination through education, outreach, and other activities.
Key Points:
- "HUD and NAREB will work together to fight appraisal bias in the Black community," said Secretary Marcia L. Fudge in a dynamic and inspirational address that ignited passion and commitment among attendees at NAREB's annual convention.
- Secretary Fudge added that the commitment to tackling appraisal bias reflects the administration's dedication to promoting fairness in housing valuations and bringing equity to all communities.
- Specifically, the agreement with HUD cites several collaborative actions in the fiscal year 2024, which begins October 1, 2023:
Online training opportunities for housing counselors to understand racial appraisal bias in home property valuation. - Secretary Fudge fired up the audience with her powerful commitment to addressing racial disparities in housing for marginalized communities.