Tenant on-time payment credit reporting option provided, and money appropriated.

HF 2123 requires landlords with more than ten residential rental units to offer tenants the option to have their on-time rent payments reported to credit bureaus, without charging tenants or forcing participation. Tenants can opt out at any time, and landlords must stop reporting within 30 days of a request. The bill appropriates $500,000 for fiscal years 2026 and 2027 to provide grants to landlords - prioritizing those serving tenants at or below 50% of area median income - to cover costs for credit reporting services and technology. The Minnesota Housing Finance Agency must collect data on program participation and effectiveness, reporting findings to the legislature by March 1, 2027.