Color of Law II - Equitable Residential Appraisals; National Fair Housing Alliance

Global Initiatives Committee

Event details:

Start
9:00am PDT on Friday, May 17, 2024
End
10:00am PDT on Friday, May 17, 2024
Schedule

This event qualifies for APA Certification Maintenance Credits. 

Location:
Zoom
,
Prices

Free to attend. Donation appreciated. Registration required to receive the Zoom link.

Attendees
This event is open to All LAI members globally and non-members.
Registration

Color of Law II: Equitable Residential Appraisal

A Presentation by the National Fair Housing Alliance

This webinar will present the point of view of a national advocacy organization, the National Fair Housing Alliance, on the problem of appraisal bias & measures to address it. It is the 5th in LAI Global Initiatives’ series on achieving equitable appraisals. Others presented recent research, the viewpoints of the appraisal industry  & those of federal regulators.

National Fair Housing Alliance is dedicated solely to ending discrimination in housing. Its Tech Equity Initiative works to eliminate bias in algorithmic systems used in housing and financial services, including Automated Valuation Models (AVMs). It adocates for policy that expands equal access to homeownership opportunities. They prepared an analysis in January 2022 in advance of development of a January 2024 reform of the Uniform Standards for Professional Appraisal Practice (USPAP), focussed on the structural components of the modern-day appraisal indsutry that NFHA advocates restricts meaningful industry oversight and manifests systemic bias in appraisal valuation. In March 2024, NHFA hosted a public briefing on recommendations to manage the risk of appraisal bias. https://nationalfairhousing.org/issue/issue-appraisal-bias/

Maureen Yap will be joined by colleague Shivaughn Ferguson, who has been leading NFHA’s appraisal bias investigations.
 

Maureen Yap

 VP of Public Policy & Senior Counsel for Fair Lending

National Fair Housing Alliance

Maureen Yap is Vice President of Public Policy and Senior Counsel for Fair Lending, with a focus on fair lending, financial technology, mortgage policy, and housing finance reform. Maureen has worked in fair housing and fair lending since 1995. Prior roles include working on a range of civil rights and consumer protection issues at the Federal Reserve Board, including leading the Board’s Fair Lending Enforcement Section and founding the Unfair and Deceptive Acts or Practices (UDAP) Section. Maureen was also an Associate at the law firms of Relman Colfax PLLC and Buckley LLP.

 

 

 

Moderator

Rick Cook, MCP, MCIP, MLAI

Co-chair, LAI Global Initiatives Committee

Jorden Cook Associates

Rick Cook consults as a land use planner and development consultant to private and public sector clients in the Metro Vancouver region of British Columbia, Canada. 

Since 2010, he has helped to lead planning aspects of land use and subdivision resulting in a C$3 billion increase in assessed values (residential, industrial and commercial) for Tsawwassen First Nation, and he currently advises on development strategy for a 1,000 unit multi-family project along a future rail transit corridor. Rick has also served as President of the LAI Vancouver chapter.