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13-02: Using machine learning for property valuation
11:00am - 12:30pm
Using machine learning for property valuation
Luis Triveno1, Sarah Antos2
1World Bank, United States of America; 2World Bank, United States of America
The Global Program for Resilient Housing (GPRH) leverages technologies, such as drones, street cameras, machine learning, and pairs them sound policy advice to drive change. Understanding which homes are at high risk, where they are located and how much they are worth are vital components to successfully prioritize investments and distribute subsidies.
During this class The GPRH team will walk you through a 3-step methodology that has been applied successfully in Guatemala, Indonesia, Saint Lucia and Colombia to produce actionable knowledge to inform property tax collection efforts and resilient home improvement policies and programs.