Access to Homeownership Act

S 4944, the Access to Homeownership Act, requires landlords of apartment buildings with certain federal mortgage loans to ask tenants for permission to report their on-time rent payments to credit bureaus. This includes up to 24 months of positive payment history, which tenants can use to build credit. The program covers tenants in properties with federally backed multifamily loans (like those insured by HUD or Fannie Mae/Freddie Mac), and the cost of reporting is paid by the housing enterprises, not tenants. This change aims to help renters demonstrate creditworthiness when applying for future mortgages.