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New Cal Law Addresses Anti-Black Bias in Home Appraisal Process

“Black homeowners in predominantly White neighborhoods are getting their homes appraised for far less than their neighbors,” Holden said. “It’s just another example of how bias, whether explicit or implicit, creates inequity for Black Americans. This is redlining 2.0.” ....

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Gov. Newsom signs bill enforcing housing crisis laws

Gov. Newsom signs bill enforcing housing crisis laws
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Asm. Holden's Bills to Establish Private Use of Force Training, and Address Discrimination in the Appraisal Process Clear First Policy Committee - Los Angeles Sentinel | Los Angeles Sentinel

Asm. Holden’s Bills to Establish Private Use of Force Training, and Address Discrimination in the Appraisal Process Clear First Policy Committee
By Sentinel News Service
(Chris Holden)
This week, Assemblymember Chris Holden’s legislation, AB 229 which establishes use of force trainings for private security, and AB 948 which address discrimination in the real estate appraisal process both passed the Assembly Business and Professions Committee.
“When private security are responsible for the safety of the general public, those private operators must have the proper training in order to apply the appropriate use of force in any particular situation,” said Assemblymember Chris Holden. “We put a lot of attention on our State’s peace officers, but private security, who sometimes are in similar circumstances, need comparable training.” ....

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Asm. Holden Takes on Unfair Lowballing When Black Californians Appraise Their Homes - Los Angeles Sentinel

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.” ....

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Asm. Holden Takes on Unfair Lowballing When Black Californians Appraise Their Homes — The Sacramento Observer

(CBM) – 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.”
According to Nationwide, the insurance and financial services company, during the process of buying or selling a house, a home appraisal is supposed to be “an independent, unbiased assessment” of how much a property is worth. ....

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