Selected
2024 Global Economic Prosperity Challenge

Just Value

Eradicating systemic undervaluation of homes in US communities of color using AI-powered analytics and enabling equitable lending to homeowners

Team Leader
Charu Singh

Solution Pitch

The Problem

Home equity is the platform from which households build wealth. But discriminatory practices, such as redlining, have led to segregated communities and the systemic suppression of property values in communities of color, fueling large, growing wealth gaps to the tune of +$162B in lost wealth ($50,000/home) in Black neighborhoods alone.

The Solution

Just Value is a social impact fintech company tackling the undervaluation of homes in communities of color to enable BIPOC homeowners to realize the full, fair value of their properties, closing entrenched wealth gaps. Our two-prong solution consists of:

1. Our Restorative Valuation Model (RVM), an AI-powered algorithm that calculates equitable home values in communities of color, correcting for historical biases that suppress value and live on in the traditional residential appraisal method. Brookings estimates an average undervaluation of $48,000 per home in majority Black neighborhoods across the US.

2. Our Restorative Loan, a home equity second loan product that give BIPOC homeowners access to the newly discovered equity for climate adaptation retrofits, including risk mitigation features like a Guarantee Fund

Stats

The solution's Restorative Value Model is able to calculate fair valuations for over 5000 residential units

Solution Overview & Team Lead Details
More About Your Solution
Your Team
Your Business Model & Funding

Organization Type:

For-profit, including B-Corp or similar models

Headquarters:

Hoboken, United States

Stage:

Prototype

Working In:

United States

Current Full-Time Employees:

2

Website:

www.justvalue.io

Solution Team:
Charu Singh
Charu Singh
CEO & Founder