The 10K Minority Appraisers Foundation Reception. Eric J. Gordon, Creative Investment Research, 6/25/24.

10K Minority Appraiser Foundation Reception

William Michael Cunningham, Creative Investment Research and Thaddaeus Dawson, Founder, 10K Minority Appraisers Foundation

The 10K Minority Appraisers Foundation (10KMA) has achieved impressive success, yet its mission to foster an equitable, modern appraisal industry is just beginning. The Department of Labor’s recent certification of the 10KMA national appraiser apprenticeship program marks a pivotal milestone in this journey.

On Tuesday, June 25, 2024 at the Westin Hotel in Crystal City, VA, I had the privilege of attending a reception to celebrate this historic, first-ever certification. The excitement was palpable, as this signing represents a significant stride in fostering and empowering the next generation of appraisers, harnessing their distinctive perspectives and skills to enhance appraisal outcomes. Speeches from Foundation members and supporters, including CEO and founder Thaddaeus Dawson, emphasized the importance of diversity and the need to update outdated appraisal practices.

In a conversation with Mr. Dawson, I gained insight into why 10KMA has accomplished so much in such a short time: their commitment to teamwork. Despite our brief interaction, he made it a point to graciously acknowledge and credit countless individuals whose contributions were essential to 10KMA’s success. In fact, every person I had the pleasure of meeting at the reception shared this spirit of collaboration and dedication. It takes a community to serve the community, and the national appraiser apprenticeship program exemplifies this collective effort to nurturing and shaping the future of the industry.

Eric J. Gordon, University of Florida, Creative Investment Research, 2024.

Maternal Health Financing Facility for Black Women: A Solution to an Urgent Problem

Maternal mortality is a significant issue in the United States, with Black women disproportionately affected. Research conducted by the Centers for Disease Control and Prevention (CDC) has shown that Black women are more likely to die from pregnancy-related causes than their white counterparts. However, the issue is not new, and despite the increasing amount of data available, the disparities have remained unaddressed for far too long. Creative Investment Research (CIR) is among the organizations that believe there is a solution to the problem. Through our proposed impact investing vehicle , the Maternal Health Financing Facility for Black Women (MHFFBW), we aim to tackle the mortality gap and support Black women during childbirth, which will, in turn, benefit their communities. The Facility, based on legally binding financing agreements containing terms and conditions that direct resources to individuals and institutions capable of addressing supply-side conditions at the heart...

Kamalanomics: Home and Health

Vice President Kamala Harris recently unveiled her economic plan, which builds upon and expands several initiatives from the Biden administration while adding new elements aimed at addressing economic challenges faced by American families. Her plan, dubbed the "Opportunity Economy" agenda, focuses on lowering costs for essential goods and services, particularly targeting housing, healthcare, and groceries. Key Components: 1. Housing: Harris proposes constructing three million new homes to address the housing supply crunch, which is more ambitious than Biden's two-million-home plan. She also advocates for a $40 billion "innovation fund" to encourage local governments to find solutions to housing shortages and make it harder for investment companies to buy up large numbers of rental properties, which has driven up rent prices. (See: Comments to the CalPERS Board of Administration, July 15, 2024 on Housing and Environmental Investing.) 2. Healthcare: Expanding on B...

Projected Impact of Gun Laws on Corporate Profits in Texas

More Fortune 500 companies are located in Texas than in any other state. Texas successfully used low taxes and minimal regulations as bait to recruit companies like Tesla and Oracle. The state promoted these “advantages” in ads highlighting their “free-market” environment and criticizing the "tax and spend policies of liberal leadership" in Democrat-run states. Four million people migrated to Texas over the past ten years. Our economic models predict a reversal, however. State of Texas corporations on the Fortune 1000 list generate $2.2 trillion in revenue, $158 billion in profit. They have a market value of $3.8 trillion and employ 2.5 million people nationwide. We continue to believe this increased corporate presence in Texas imposes a tax on the nation as a whole. Texas allows anyone 21 or older to carry handguns without training or licenses, and maintains lower gun purchase age limits. Beyond the recent abortion bill, which allows people to sue those who "aid and abe...

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