Access to Homeownership Act

Sponsor: Julie Johnson (Democratic-TX)July 23, 2025

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the House Committee on Financial Services.

Lets renters build credit by reporting on-time payments for federally backed apartments.

This bill would let renters in apartments with federally backed mortgages build their credit history. It would require landlords to report positive rent payments to credit bureaus if residents agree. This could help more people qualify for home loans in the future.

What Would Change

Currently, there is no federal requirement for landlords with federally backed multifamily mortgage loans to report positive rental payments of their residents to credit bureaus. These payments are not consistently considered in applications for FHA-insured mortgages. This bill would require the Director of the Federal Housing Finance Agency to mandate that enterprises establish programs for multifamily borrowers to report positive rental payments of consenting residents to consumer reporting agencies. These payments would then be considered in applications for mortgages insured under section 203 of the National Housing Act.

Key Provisions

Requires landlords of federally backed apartments to ask residents for permission to report positive rent payments to credit bureaus.
Includes up to 24 months of past positive rent payments if available.
Considers these positive rent payments when people apply for FHA-insured mortgages.
Requires Freddie Mac and Fannie Mae to cover the administrative costs of these reporting programs.
Requires the Director of the Federal Housing Finance Agency to report to Congress every 5 years on these programs.

View on Congress.gov

HR 4680 · 119th Congress · July 23, 2025 · AI Summary by gemini-2.5-flash · 9/10

Access to Homeownership Act

What Would Change

Key Provisions

Lobbying Activity