{"id":2643,"date":"2024-09-09T16:00:08","date_gmt":"2024-09-09T16:00:08","guid":{"rendered":"https:\/\/www.fairsharehousing.org\/?post_type=press-release&p=2643"},"modified":"2024-09-09T16:46:28","modified_gmt":"2024-09-09T16:46:28","slug":"bill-prohibiting-home-appraisal-discrimination-signed-into-law","status":"publish","type":"press-release","link":"https:\/\/www.fairsharehousing.org\/es\/press-release\/bill-prohibiting-home-appraisal-discrimination-signed-into-law\/","title":{"rendered":"Bill Prohibiting Home Appraisal Discrimination Signed Into Law"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

FOR IMMEDIATE RELEASE<\/strong><\/p>\n\n\n\n


September 9,2024<\/p>\n\n\n\n


Contact:<\/strong> Jag Davies, jagdavies@fairsharehousing.org<\/p>\n\n\n\n

Bill Prohibiting Home Appraisal Discrimination Signed Into Law<\/strong><\/p>\n\n\n\n

TRENTON \u2014 Today, Acting Governor Tahesha Way signed legislation<\/a> (A2280\/S1311) that prohibits discrimination in real estate appraisals and requires appraisers to complete anti-bias training. The legislation was approved by the Senate in May and the Assembly in June by strong majorities.<\/p>\n\n\n\n

A growing body of research<\/a> has documented how frequently racial bias can skew home appraisals, with Black homeowners most likely to be deprived of their earned equity. More than 97% of home appraisers<\/a> are white, according to the Bureau of Labor Statistics. <\/p>\n\n\n\n

\u201cHolding appraisers accountable for discrimination is one of the ways we must address New Jersey\u2019s racial wealth gap,\u201d said Adam Gordon, executive director at the Fair Share Housing Center<\/a>. \u201cFor most homeowners, their house is their most valuable asset. Appraisal bias has been robbing Black and Latino families of hard-won equity for decades. We\u2019re grateful to the bill’s sponsors and Acting Governor Way for their leadership in taking this step toward repairing the multi-generational harms wreaked by appraisal bias.\u00bb<\/p>\n\n\n\n

The legislation\u2019s primary sponsors are Senator Nellie Pou, Senate Majority Leader Teresa M. Ruiz, Deputy Assembly Speaker Yvonne Lopez, Assemblywoman Verlina Reynolds-Jackson, and Assemblywoman Tennille R. McCoy.<\/p>\n","protected":false},"excerpt":{"rendered":"

New Jersey’s Acting Governor signed a bill banning discrimination in real estate appraisals and requiring anti-bias training for appraisers to address racial equity issues<\/p>\n","protected":false},"author":10,"featured_media":2644,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[16],"tags":[],"class_list":["post-2643","press-release","type-press-release","status-publish","format-standard","has-post-thumbnail","hentry","category-releases"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fairsharehousing.org\/es\/wp-json\/wp\/v2\/press-release\/2643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fairsharehousing.org\/es\/wp-json\/wp\/v2\/press-release"}],"about":[{"href":"https:\/\/www.fairsharehousing.org\/es\/wp-json\/wp\/v2\/types\/press-release"}],"author":[{"embeddable":true,"href":"https:\/\/www.fairsharehousing.org\/es\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fairsharehousing.org\/es\/wp-json\/wp\/v2\/comments?post=2643"}],"version-history":[{"count":0,"href":"https:\/\/www.fairsharehousing.org\/es\/wp-json\/wp\/v2\/press-release\/2643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fairsharehousing.org\/es\/wp-json\/wp\/v2\/media\/2644"}],"wp:attachment":[{"href":"https:\/\/www.fairsharehousing.org\/es\/wp-json\/wp\/v2\/media?parent=2643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fairsharehousing.org\/es\/wp-json\/wp\/v2\/categories?post=2643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fairsharehousing.org\/es\/wp-json\/wp\/v2\/tags?post=2643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}