Commemorating the 100th anniversary of the Tulsa Race Massacre, the White House announced the creation of a task force led by the housing secretary to root out discrimination in the appraisal and homebuying process.
The Homebuyers Assistance Act of 2021 amends the National Housing Act to allow state-licensed professionals to conduct appraisals for FHA-insured properties.
Two separate bills aim to improve the mortgage process for borrowers who have a limited proficiency of English and to combat discrimination in the consumer marketplace.
The Housing Financial Literacy Act and the Improving FHA Support for Small Dollar Mortgages Act are both aimed at making homeownership more affordable for borrowers.