Bill > A10287

This bill mandates that landlords who receive low-income housing tax credits, a program designed to encourage the development of affordable housing, must offer tenants the option to have their positive rental payment history, meaning timely rent payments, reported to consumer credit agencies. This positive reporting will be considered a preference when evaluating applications for these tax credits, aiming to incentivize projects that support this tenant benefit. Landlords must provide tenants with detailed written notice about this option at the time of lease signing and annually thereafter, outlining what information will be reported, to which agencies, and the tenant's rights to opt in or out, with specific rules about opting out and potential fees, which cannot exceed five dollars per month and do not affect tenancy if unpaid.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A10287