Bill

Bill > S718


MA S718

Relative to credit building


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation relative to credit building. Housing.

AI Summary

This bill aims to establish a three-year pilot program that would allow eligible organizations, such as local housing authorities and affordable housing property management companies, to implement a credit-building program. The program would use rental payments as a mechanism for credit-building, where the organizations would report tenants' timely rent payments to credit bureaus. The bill also requires the program to provide financial education and coaching to tenants, as well as track and report on various data points related to the program's impact on participants' credit scores and financial capability. An advisory committee would be established to provide assistance and oversight for the implementation of the pilot program.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

Accompanied a study order, see S2401 (on 04/09/2018)

bill text


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bill summary

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