What does Preamble of Access to Homeownership Act do?

This bill aims to require multifamily borrowers with federally backed multifamily mortgage loans to submit positive rental payments to specified consumer reporting agencies.

What does SHORT TITLE. of Access to Homeownership Act do?

This bill is formally titled the Access to Homeownership Act.

What does POSITIVE RENTAL PAYMENTS. of Access to Homeownership Act do?

This section amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992. It defines 'federally backed multifamily mortgage loan' to include loans secured by residential multifamily real property for 5 or more families, with certain federal involvement. The Director is authorized to require enterprises to establish programs requiring borrowers with federally backed multifamily mortgage loans to request resident consent to report positive rent payments to consumer reporting agencies. Borrowers must report positive rent payments if residents consent. Positive rent payments will be considered in mortgage insurance applications under the National Housing Act. Enterprises are responsible for covering the administrative costs of reporting. The Director must submit a report to Congress every 5 years on these programs. Appropriations are authorized to carry out this section.

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Access to Homeownership Act

Last updated: 7/23/2025 · Introduced: 7/23/2025

Author: Julie Johnson (D-TX)

TL;DR (AI)

This bill allows borrowers with federally backed multifamily mortgage loans to report positive rental payments to consumer reporting agencies with resident consent.
It requires enterprises with these loans to establish programs for reporting positive rent payments and covers the associated administrative costs.
Positive rent payments will be considered when evaluating mortgage insurance applications under the National Housing Act.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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