Maryland SB657 establishes a grant program to support minorities in historically redlined neighborhoods pursuing real estate appraisal careers.
Maryland SB657 creates the Practical Applications of Real Estate Appraisal (PAREA) Grant Program. The program aims to close appraisal gaps in historically redlined neighborhoods and underrepresented communities by awarding grants to minorities in these areas. The grants support individuals pursuing careers as real estate appraisers, with the goal of diversifying the appraisal field. The Maryland Higher Education Commission will administer the program.
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