A growing movement to count rent payments toward credit scores could help millions of renters become homeowners and build generational wealth. But whether these proposals are “a no-brainer” to improve Americans’ housing situation or “fool’s gold” is to be seen.
This month, Sen. Jon Ossoff proposed a federal bill that would require multifamily landlords that use some form of federal financing to report on-time rent payments to credit agencies.“Georgia families urgently need more affordable housing. That’s why I’m introducing this new legislation that will help families build credit… Read the full story here. |