Inman Connect JPMorgan Chase Bank will pay an African-American woman $50,000 to resolve her claim that the lender valued her home for less than it was worth because of her race, the U.S. Department of Housing and Urban Development (HUD) announced this week. HUD approved a conciliation agreement between the two parties after the woman filed a complaint on Oct. 14, 2020 alleging racial discrimination in the appraisal of her home in the 60653 ZIP code of Chicago, where about 9 in 10 residents are Black. In recent months, news stories about racial discrimination in appraisals have proliferated, as Black homeowners have shared their experiences of obtaining higher second appraisals after removing any indication that the owners were Black from the home — including a case where a San Francisco Bay Area couple’s home was appraised for $500,000 more after they replaced family photos with those of the family of a white friend, who also posed as the homeowner.