Establishes guidelines for creditworthiness determinations concerning affordable housing programs.

The bill establishes guidelines for determining the creditworthiness of applicants seeking to rent affordable housing units. It prohibits landlords from using credit scores and other risk assessments to evaluate the creditworthiness of applicants with a State or federal tenant-based housing subsidy, except under specific circumstances. For other applicants, landlords may assess creditworthiness if they also conduct an individualized assessment of the applicant’s income, employment, payment, and credit history.

Establishes guidelines for creditworthiness determinations concerning affordable housing programs.

The bill establishes guidelines for determining the creditworthiness of applicants seeking to rent affordable housing units. It prohibits landlords from using credit scores and other risk assessments to evaluate the creditworthiness of applicants with a State or federal tenant-based housing subsidy, except under specific circumstances. For other applicants, landlords may assess creditworthiness if they also conduct an individualized assessment of the applicant’s income, employment, payment, and credit history.