The Department of Housing and Urban Development (HUD) recently announced the delivery of the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) Action Plan to President Joe Biden.

The PAVE Action Plan is aimed squarely at dismantling racial bias in the home lending and appraisal process and promoting generational wealth creation through homeownership, according to a release from HUD.

Read on to learn more and hear what Appraisal Institute President Pledger (Jody) Bishop shared with Valuation Review.