summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/190/S718 |
Bill | https://malegislature.gov/Bills/190/S718.pdf |
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