S2919

The New York State Senate passed legislation aimed at combating appraisal discrimination in housing, a practice that studies show disproportionately affects homeowners of color. Senate Print 2919, sponsored by Sen. Cleare, would authorize the revocation of licenses and imposition of fines on appraisers who engage in discrimination based on race or the racial composition of neighborhoods. Fines collected would be directed to antidiscrimination housing efforts. Sen. Cleare cited a 2022 New York Times report documenting a $278,000 disparity in home appraisals depending on the owner's race, noting the bill addresses the persistent legacy of redlining nearly a century after the practice was sanctioned by the Federal Housing Administration. Sen. Sanders characterized the measure as straightforward enforcement, arguing that those who follow the law would not be affected. The bill passed 45-8, with eight senators voting in opposition: Ashby, Mattera, Murray, Oberacker, Ortt, Tedisco, Weber, and Weik.

The Senate passed legislation addressing appraisal discrimination in housing, with 47 senators voting in favor and 11 opposed. Senate Print 2919, sponsored by Sen. Cleare, amends the Executive Law and State Finance Law to combat racial disparities in home appraisals. Sen. Cleare cited the persistent legacy of redlining, noting a 2022 New York Times report documenting a $278,000 disparity in home appraisals based on the race of the homeowner. The bill will revoke licenses and impose fines on appraisers who engage in discrimination, with penalties directed toward antidiscrimination housing efforts. Senators Borrello, Griffo, Mattera, Murray, Oberacker, O'Mara, Ortt, Stec, Tedisco, Walczyk and Weber voted against the measure.