Access to Homeownership Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4680 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 4680

  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

Ms. Johnson of Texas introduced the following bill; which was referred 
                 to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


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

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 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 (12 U.S.C. 4541 et seq.) is amended by inserting after section 
1355 (12 U.S.C. 4602) the following:

``SEC. 1355A. POSITIVE RENTAL PAYMENTS.

    ``(a) Definition.--In this section, the term `federally backed 
multifamily mortgage loan' includes any loan (other than temporary 
financing such as a construction loan) that--
            ``(1) 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
            ``(2) 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.--
            ``(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 (15 U.S.C. 1681a(p)), 
        including 24 months of prior positive rent payments (if 
        available).
            ``(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.''.
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