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About PAVE

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.

 
 

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.

 
 
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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.

 
PAVE agency

DPC
White House Domestic Policy Council

 
PAVE agency

HUD
U.S. Department of Housing and Urban Development

 
PAVE agency

ASC/FFIEC
Appraisal Subcommittee of the Federal Financial Institutions Examination Council

 
PAVE agency

THE FED
Board of Governors of the Federal Reserve System

 
PAVE agency

CFPB
Consumer Financial Protection Bureau

 
PAVE agency

FDIC
Federal Deposit Insurance Corporation

 
PAVE agency

FHFA
Federal Housing Finance Agency

 
PAVE agency

NCUA
National Credit Union Administration

 
PAVE agency

OCC
Office of the Comptroller of the Currency

 
PAVE agency

USDA
U.S. Department of Agriculture

 
PAVE agency

DOJ
U.S. Department of Justice

 
PAVE agency

DOL
U.S. Department of Labor

 
PAVE agency

VA
U.S. Department of Veterans Affairs

 

Meet PAVE’s Leaders

PAVE leadership 1

MARCIA FUDGE
PAVE Task Force Co-Chair
Secretary of HUD

 
PAVE leadership 2

SUSAN RICE
PAVE Task Force Co-Chair
Director, Domestic Policy Council

 
PAVE leadership 3

MELODY TAYLOR
PAVE Executive Director
Director, Region III, HUD Office of Fair Housing and Equal Opportunity

 

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.

 
PAVE taskforce

JIM PARK
Executive Director
Appraisal Subcommittee

 
PAVE taskforce

MICHELLE BOWMAN
Member of the Board of Governors
Federal Reserve System

 
PAVE taskforce

ROHIT CHOPRA
Director
Consumer Financial Protection Bureau

 
PAVE taskforce

MARTIN GRUENBERG
Acting Chairman
Federal Deposit Insurance Corporation

 
PAVE taskforce

SANDRA THOMPSON
Acting Director
Federal Housing Finance Agency

 
PAVE taskforce

TODD HARPER
Chairman
National Credit Union Administration

 
PAVE taskforce

MICHAEL HSU
Acting Comptroller
Office of the Comptroller of the Currency

 
PAVE taskforce

TOM VILSACK
Secretary
U.S. Department of Agriculture

 
PAVE taskforce

VANITA GUPTA
Associate Attorney General
U.S. Department of Justice

 
PAVE taskforce

MARTY WALSH
Secretary
U.S. Department of Labor

 
PAVE taskforce

DENIS MCDONOUGH
Secretary
U.S. Department of Veterans Affairs

 

Read FAQs About PAVE

 

Q1. What is PAVE and why was the Task Force formed?

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Q2. Why is the Task Force focused on home appraisals?

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Q3. How does the work of the Task Force affect me as a consumer?

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Q4. What is the PAVE Action Plan?

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Q5. What are some of the successes of PAVE to date?

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View all FAQs