House panel backs MFA-managed tenant creditworthiness program to ease rental access

Mar 7, 2025

The House Appropriations and Finance Committee voted to advance House Bill 453, which would create a Mortgage Finance Authority (MFA)-managed creditworthiness program to help property managers rent to applicants with low credit scores while protecting landlords through limited coverage for unpaid rent and property damage.

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SANTA FE — The House Appropriations and Finance Committee on Tuesday advanced House Bill 453, which would create an MFA-managed creditworthiness program intended to make it easier for tenants with poor credit scores to secure rental housing while offering protections for property managers.

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