A1766

Establishes guidelines for creditworthiness determinations concerning affordable housing programs.

New Jersey A1766 establishes guidelines for creditworthiness determinations concerning affordable housing programs. The bill prohibits landlords from considering credit scores and other risk scores or assessments when determining the creditworthiness of a rental housing applicant who is the holder of a State or federal tenant-based housing subsidy. The bill provides that the consideration of negative credit history for such rental housing applicants would only be permitted if the tenant has, within the previous three years and while in receipt of a tenant-based deep rental subsidy, failed on.