The Power of Rent Reporting

May 1, 2014: At a Community Capital New York and Patterns for Progress Workshop, Carolyn Schulte of the Credit Builders Alliance introduced a pilot Rent Reporting program offering low-income renters (and middle income renters) an opportunity to build credit as a financial asset. Mission-driven affordable housing organizations and developers in the audience were very interested in implementing the program for their clients as a way to catalyze rent reporting and a valuable and viable option for low-income renters to build credit and financial capability. Sabine Warner, our Housing Loan Associate, and Kim Jacobs, our Executive Director, bookended the event, introducing the concept of rent reporting as a way to overcome the barriers faced by low-income, credit-invisible renters to financial stability.