Black homeowners face discrimination in reviews
Mr. Hughley discusses the experience in his book “Surrender, White People!”, A Satirical Look at White Supremacy, which was published in June by Harper Collins and examines racial inequalities in the United States in education, health care and housing. Marlet.
“People always tell us to catch up with our bootstraps. But what if you took off the straps? he said. “You are invested in the American dream, you have capital, you have a chip in the game. And the fact that someone could grossly downplay my wealth just because of bias, it seemed crazy to me. “
In response to the coronavirus pandemic, a federal decision in March authorized remote appraisals of homes that were sold under certain circumstances, temporarily suspending the need for interior home inspections. Those looking to refinance, however, still need to complete an in-person appraisal.
In the case of Mr. Hughley, the assessor was fired. Ms. Horton filed a complaint with the Department of Housing and Urban Development; when contacted about his case, HUD said he was assigned to the Jacksonville Human Rights Commission. The agency added that it receives a handful of similar complaints each year.
In 2018, researchers from Gallup and the Brookings Institution published a report on the widespread devaluation of black-owned property in the United States, which they discussed in a 2019 hearing before the House financial services subcommittee. The report found that a house in a predominantly black neighborhood is likely to be rated 23% less than a nearly identical house in a predominantly white neighborhood; he also determined that this devaluation is costing black homeowners $ 156 billion in cumulative losses.
Many assessors, both during the hearing and in the weeks that followed, defended their practice, noting that it is their job to report on local market conditions, not to define them.
“Is there a problem with poor and underserved communities in the United States? Yes. Is it the fault of the profession of appraiser? No, ”Maureen Sweeney, a Chicago-based assessor, wrote in a letter to the chamber subcommittee after the hearing. “It’s like blaming the canary for the bad air in the coal mine, or blaming the mirror for your bad hairdressing day. Appraisers mirror the market; we don’t create it.