April 28, 2023 — Comments

The National Fair Housing Alliance (“NFHA”) and the undersigned civil rights and consumer advocacy organizations are writing in response to the Appraisal Standards Board’s request for comment on the proposed changes to the Uniform Standards of Professional Appraisal Practice (“USPAP”), which would add nondiscrimination language to USPAP’s Ethics Rule as well as provide more detailed explanations in two Advisory Opinions. Appraisals are critically important to America’s communities. The appraisal has the power to determine the value of a borrower’s most important financial asset, which can hold the key to determining whether that family can purchase a permanent home rather than rent, access credit on reasonable terms, and build wealth for generations to come. The undersigned organizations applaud the Appraisal Standards Board for proposing language that clearly prohibits discrimination in appraisals. These organizations believe that the responses below will help the Appraisal Standards Board further strengthen the proposed USPAP revision and Advisory Opinions.