December 12, 2024

A Black college professor who studies #housing discrimination is suing after his home appraisal jumped nearly $300,000 upon removing his race from a refinancing loan application.




Nathan Connolly and his wife Shani Mott were looking to refinance their Baltimore home, which was estimated to be worth $472,000. A mortgage lender initially denied a refinance loan. However, after the John Hopkins University professor and his wife removed any indications that Black people lived in the home, a second appraiser valued it at $750,000, according to @NYTimes

Last summer, Connolly and his wife had added a new $5,000 tankless water heater amongst $35,000 in other home renovation


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