Comment Detail
Date: 02/19/21 First Name: NORMAN Last Name: FAINSTEIN Email: nfain@conncoll.edu Organization Type: other Organization: I am President Emeritus of Connecticut College Comment
Given what I have witnessed, I support FHFA modernizing the uniform appraisal reports by including standardized ways to evaluate gross living area, home amenities, and comparable sales. Standardizing appraisals will decrease implicit and explicit racial bias. Additionally, I support the FHFA investing in new technologies that more accurately access value and make it possible for home buyers, sellers, and owners to determine fair market values with their own smartphones. Making these tools accessible will not only decrease inequality but equip home owners with tools to identify and report violations of the Fair Housing Act.
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