H.R. 4680

119th CONGRESS 1st Session

To require multifamily borrowers with federally backed multifamily mortgage loans to submit positive rental payments to certain consumer reporting agencies.

IN THE HOUSE OF REPRESENTATIVES · July 23, 2025 · Sponsor: Ms. Johnson of Texas · Committee: Committee on Financial Services

Table of contents

• H.R. 4680
  • SEC. 1. Short title
  • SEC. 2. Positive rental payments

SEC. 1. Short title

• This Act may be cited as the Access to Homeownership Act.

SEC. 2. Positive rental payments

• The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 () is amended by inserting after section 1355 () the following: 12 U.S.C. 4541 et seq.; 12 U.S.C. 4602
  • (a) Definition
    • In this section, the term includes any loan (other than temporary financing such as a construction loan) that— federally backed multifamily mortgage loan
    • Definition
      • is secured by a first or subordinate lien on residential multifamily real property designed principally for the occupancy of 5 or more families, including any such secured loan, the proceeds of which are used to prepay or pay off an existing loan secured by the same property; and
      • is made in whole or in part, or insured, guaranteed, supplemented, or assisted in any way, by any officer or agency of the Federal Government or under or in connection with a housing or urban development program administered by the Secretary of Housing and Urban Development or a housing or related program administered by any other such officer or agency, or is purchased or securitized by the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association.
  • (b) Authority
    • Authority
    • (1) In general
      • The Director shall, by order or regulation, require each enterprise to establish and maintain a program requiring multifamily borrowers with federally backed multifamily mortgage loans to request the consent of their residents to report the positive rent payments of the residents directly to each consumer reporting agency described in section 603(p) of the Fair Credit Reporting Act (), including 24 months of prior positive rent payments (if available). 15 U.S.C. 1681a(p)
    • (2) Requirements
      • Multifamily borrowers with federally backed multifamily mortgage loans shall report positive rent payments described in paragraph (1) if the resident consents to such reporting.
  • (c) Mortgages
    • Any positive rent payment made by a resident described in subsection (b) shall be considered in an application to insure a mortgage under section 203 of the National Housing Act (). 12 U.S.C. 1709
  • (d) Administrative costs
    • The administrative costs associated with reporting positive rental payments shall be covered by the enterprises.
  • (e) Report
    • The Director shall submit to Congress a report every 5 years on the programs established under this section.
  • (f) Authorization of appropriations
    • There are authorized to be appropriated such sums as may be necessary to carry out this section.
    • Authorization of appropriations