Asm. Holden Takes on Unfair Lowballing When Black Californians Appraise Their Homes
By Antonio Ray Harvey , California Black Media
Published March 4, 2021
Close-up Of A Man’s Hand Filling Real Estate Appraisal Form At Home
Assemblymember Chris Holden has (D-Pasadena) introduced legislation, Assembly Bill (AB) 948, to address discrimination in the real estate appraisal process in California.
AB 948 proposes requiring the Bureau of California Real Estate Appraisals to gather demographic data on home sales and sellers of real estate property – and, most importantly, from homeowners from protected classes who file complaints about low appraisals.
“Black homeowners in predominantly White neighborhoods are getting their homes appraised for far less than their neighbors,” said Holden. “It’s just another example of how bias, whether explicit or implicit, creates inequity for Black Americans. This is redlining 2.0.”