PAVE is a first-of-its-kind interagency task force dedicated to ending bias in home valuation. The task force includes 13 federal agencies and offices and is chaired by HUD and the White House Domestic Policy Council.
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President Biden’s Directive
On June 1, 2021—the 100th anniversary of the Tulsa Race Massacre—President Biden announced he was launching an interagency initiative to combat bias in home appraisals. This initiative became the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE).
Co-chaired by U.S. Department of Housing and Urban Development Secretary Marcia Fudge and Domestic Policy Advisor Ambassador Susan Rice, the Task Force was directed to (i) evaluate the causes, extent, and consequences of appraisal bias and (ii) establish a transformative set of recommendations to root out racial and ethnic bias in home valuations.
Rooting out Bias in Home Appraisals
Secretary Fudge, Ambassador Rice Explain Property Valuation and Appraisal Equity (PAVE)
U.S. Department of Housing and Urban Development
Federal Agencies on Task Force
The PAVE Task Force is composed of thirteen federal agencies, including the White House Domestic Policy Council.
Meet the Task Force
In addition to HUD and the White House Domestic Policy Council, 11 other federal agencies are members of the Task Force. These principal agency leads serve in an advisory role—helping design federal interventions to advance valuation equity.