Minnesota HF2123 allows landlords to report tenants' on-time rent payments to credit bureaus and appropriates funds for grants to assist landlords.

Minnesota HF2123 provides an option for landlords to report tenants' on-time rent payments to credit bureaus, which can help improve tenants' credit scores. The bill appropriates $500,000 for each of fiscal years 2026 and 2027 to fund grants for landlords to cover the costs of credit reporting services, technology, and administrative expenses. Participation in the rent reporting program is voluntary for tenants, and they cannot be charged for the service. The Minnesota Housing Finance Agency must collect data on the program's effectiveness and submit a report by March 1, 2027.

Minnesota HF2123 allows landlords to report tenants' on-time rent payments to credit bureaus and appropriates funds for grants to assist landlords.

Minnesota HF2123 provides an option for landlords to report tenants' on-time rent payments to credit bureaus, which can help improve tenants' credit scores. The bill appropriates $500,000 for each of fiscal years 2026 and 2027 to fund grants for landlords to cover the costs of credit reporting services, technology, and administrative expenses. Participation in the rent reporting program is voluntary for tenants, and they cannot be charged for the service. The Minnesota Housing Finance Agency must collect data on the program's effectiveness and submit a report by March 1, 2027.