March 23, 2022

Brown Applauds PAVE Interagency Action Plan on Equity in Appraisals

WASHINGTON, D.C. – Today, Sen. Sherrod Brown (D-OH), Chair of the Senate Committee on Banking, Housing, and Urban Affairs, issued the following statement on the release of the Biden-Harris Administration’s Property Appraisal and Valuation Equity (PAVE) Interagency Task Force Action Plan. This week, Brown will hold a Committee hearing called: “Strengthening Oversight and Equity in the Appraisal Process.”

“Black and brown families face greater barriers to homeownership at every turn – including in the appraisal process. The PAVE Task Force’s Action Plan lays out a clear path to identify and address systemic bias in appraisals, strengthen fair housing oversight, expand and diversify the appraiser workforce, and empower consumers to call out bias,” said Brown. “I look forward to working with Secretary Fudge and the Biden-Harris Administration to ensure all homeowners can access the same benefits from homeownership.”