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appraisal bias

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A young family of three seen from the back as they look at a house. From right: A light brown-skinned man with shaved head and chin whiskers in a blue chambray shirt and khakis points to the house, at something out of frame. His other arm is around a black-haired woman in a narrow-striped button-up white shirt over blue jeans. One of her arms is around the man's waist; with the other she holds a small dark-haired child in a pale blue top and black leggings and no shoes. The house is white with brown window trim, and a sold sign in one window.

Targeting First-Generation Homebuyers Is a Great Way to Direct Downpayment Assistance—And It Could Be Better

The proposed program could shrink the racial homeownership gap while serving a wide cross-section of people. But it only addresses some of the results of past discrimination.

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A person in a blue jacket and blue shirt writes something down in a notebook. The person's head has been cropped out of the photo.
Housing

Let’s Act Now to Stop Racism in Real Estate Appraisals

In 2022, a government task force released an action plan about combating bias in the appraisal industry. How can CDFIs fight back against the damage caused by under-appraisals?

Aerial view of brick three-story buildings in Philadelphia, in golden light, with a church tower in the distance. At top right, part of a big rainbow is visible
Equity

Appraisal Bias Is the Fair Housing Issue of the Day

Newly released data on home appraisal practices is a step forward in the fight against racially biased appraisals. There’s still a long way to go.

Financial System

How Tax Assessments are Racist

Between biased property appraisals that undervalue Black-owned properties and biased tax assessments that levy an unfair burden, homeowners of color are flanked by a double-whammy of racism.

Housing

Push Back on the Racial Wealth Gap—A Shelterforce Webinar

Authors from Shelterforce’s recent series about the racial wealth gap and other experts talk wealth building, wealth extraction, and the tools available to help close the gap.

Homeownership

A Home’s True Worth—Getting Beyond Appraisal Bias

Homes owned by people of color are appraised for less than identical homes owned by white families. Nationwide, that’s led to more than $150 billion in lost equity. How can we stop appraisal bias?