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MD HB919

MD HB919
Maryland Higher Education Commission - Practical Applications of Real Estate Appraisal (PAREA) Grant Program - Established


summary

Introduced
02/05/2026
In Committee
02/05/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

Establishing the Practical Applications of Real Estate Appraisal Grant Program to provide grants to certain individuals with the goal of becoming a real estate appraiser in certain communities; providing the purpose of the Program is to assist in closing appraisal gaps that occur in historically redlined neighborhoods and underrepresented communities; and requiring the Maryland Higher Education Commission to administer the Program.

AI Summary

This bill establishes the Practical Applications of Real Estate Appraisal (PAREA) Grant Program, which will be administered by the Maryland Higher Education Commission. The program's main goal is to award grants to individuals, specifically minorities living in historically redlined neighborhoods and underrepresented communities, who aim to become real estate appraisers. This initiative is designed to help close appraisal gaps, which are disparities in property valuations that have historically affected certain areas, and to increase diversity within the real estate appraisal field.

Committee Categories

Budget and Finance

Sponsors (27)

Last Action

House Appropriations Hearing (13:00:00 3/10/2026 ) (on 03/10/2026)

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