Federal laws require impartiality and prohibit discrimination in all actions relevant to the sale, refinancing, and purchase of a home. However, bias in home valuations lead to inequity in housing values and adversely impacts opportunities for minority communities to build wealth through homeownership.
The NCUA is a member of the Property Appraisal and Valuation Equity (PAVE) Task Force, an interagency initiative to address inequities in home appraisals. On March 23, 2022, the Task Force released the PAVE Action Plan (opens new window)
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, which describes steps that federal agencies will take to advance equity in the appraisal process.