,,ii  #aahth ,,congress  #b;d ,session  
,s4 #didd  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,august #a1    
#bjbd,mr4 ,ossoff introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to require multifamily         
borrowers with federally backed         
multifamily mortgage loans to submit    
positive rental payments to certain     
consumer reporting agencies4  #a4 ,short
 title ,this ,act may be cited as the   
,access to ,homeownership ,act4  #b4    
,positive rental payments ,the ,federal 
,housing ,enterprises ,financial ,safety
 and ,soundness ,act of #aiib 7#ab      
,u4,s4,c4 #deda et seq47 is amended by  
inserting after section #acee 7#ab      
,u4,s4,c4 #dfjb7 the following3         
#acee;,a4 ,positive rental payments  7a7
 ,definition ,in this section1 the term 
federally backed multifamily mortgage   
loan includes any loan 7other than      
temporary financing such as a           

construction loan7 that-- 7#a7 is       
secured by a first or subordinate lien  
on residential multifamily real property
 designed principally for the occupancy 
of #e or more families1 including any   
such secured loan1 the proceeds of which
 are used to prepay or pay off an       
existing loan secured by the same       
property2 and  7#b7 is made in whole or 
in part1 or insured1 guaranteed1        
supplemented1 or assisted in any way1 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 agency1 or
 is purchased or securitized by the     
,federal ,home ,loan ,mortgage          
,corporation or the ,federal ,national  
,mortgage ,association4  7b7 ,authority 
7#a7 ,in general ,the ,director shall1  
by order or regulation1 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 #fjc7p7 of the     
,fair ,credit ,reporting ,act 7#ae      
,u4,s4,c4 #afha;a7p771 including #bd    
months of prior positive rent payments  
7if available74  7#b7 ,requirements     
,multifamily borrowers with federally   
backed multifamily mortgage loans shall 
report positive rent payments described 
in paragraph 7#a7 if the resident       
consents to such reporting4  7c7        
,mortgages ,any positive rent payment   
made by a resident described in         
subsection 7b7 shall be considered in an
 application to insure a mortgage under 
section #bjc of the ,national ,housing  
,act 7#ab ,u4,s4,c4 #agji74  7d7        
,administrative costs ,the              
administrative costs associated with    
reporting positive rental payments shall

 be covered by the enterprises4  7e7    
,report ,the ,director shall submit to  
,congress a report every #e years on the
 programs established under this        
section4  7f7 ,authorization of         
appropriations ,there are authorized to 
be appropriated such sums as may be     
necessary to carry out this section4  4