During the commemoration with the 100th anniversary of the Tulsa Race Massacre, one of the worst acts of racial violence in U.S. history President Joseph Biden announced several initiatives to reduce the racial wealth gap.
As part of this announcement, the Biden administration committed to “take action to address racial discrimination in the housing market, including by launching a first-of-its-kind interagency effort to address inequity in home appraisals, and conducting rulemaking to aggressively combat housing discrimination.”
Read on for more information and to hear reaction from Appraisal Institute President Rodman Schley.