President and CEO, National Fair Housing Alliance
Disparate Impact – a widely accepted fair housing doctrine – is a critical tool for tackling hidden bias and systemic discriminatory barriers.
In the wake of hugely disparate outcomes related to the COVID-19 pandemic and continuing demonstrations throughout the nation against systemic racism, housing and financial services corporations have begun to re-think their public positions related to the disparate impact tool. Identifying the need for deep reflection about how policy changes can stifle the country’s effort to advance racial equality, housing and financial services companies and trade associations have called on the Department of Housing and Urban Development to pull back a harmful proposed rule that not only provides a safe harbor for algorithmic bias but significantly restricts the use of the Disparate Impact tool.
At a time when the nation is engaged in a serious discussion and reckoning with systemic racism, corporations are hesitant to back a proposal that may well undermine the effectiveness of the Fair Housing Act. Housing and financial services leaders engage in a timely discussion to explore this critical inflection point and what institutions are doing to affirmatively advance housing and lending justice.
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John C. Yang
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