Grants may be made to State agencies and schools for appraiser training
What the document says“``(7) to make grants to State appraiser certifying and licensing agencies and post-secondary institutions, including trade and polytechnic schools, to support the carrying out of education and training activities or other activities related to addressing appraiser industry workforce needs”
The section adds a new paragraph (7) to section 1109(b) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 allowing grants to State appraiser certifying and licensing agencies and to colleges, trade schools, and polytechnics for education and training and other work addressing appraiser workforce needs, including recruiting and keeping talent through scholarship help and career pipeline development. Agencies receiving the money must report on its use and outcomes.
What the document actually says“``(7) to make grants to State appraiser certifying and licensing agencies and post-secondary institutions, including trade and polytechnic schools, to support the carrying out of education and training activities or other activities related to addressing appraiser industry workforce needs”
Money may go to state appraisal offices and to schools. Trade schools count. It pays for teaching and training. The point is to meet the need for appraisers.
The money can also pay for scholarships. It can build a path into the job. Agencies that take it must report on what it did.
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