For What It’s Worth: Addressing Valuation Challenges in Communities of Color

October 25, 2022 1:00 PM – 2:00 PM (GMT-06:00) Central Time Kay Bailey Hutchison Convention Center, West Fork, Level 3 Concurrent Session
Open to All Attendees
Capital Markets Diversity Equitable Development Finance
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Across the United States, valuations for property in Black communities and communities of color are artificially low. Valuation challenges have multiple sources, including but not limited to bias in the appraisal process and industry and bank underwriting standards. The resulting economic losses have been estimated to exceed $450 billion, with results including lost productivity, the inability to form new businesses, depressed generational wealth, and exacerbated health inequities. In this session, panelists will explore the causes and consequences of property valuation depression, recent federal government actions, the role of the real estate industry, and what steps are being taken to ensure that property valuation challenges don’t hold back the economic potential of BIPOC communities.