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Willow Village Apartment Guide

SB 1157 Helps CA Renters Improve Credit Scores

Gov. Gavin Newsom recently signed Senate Bill 1157 into law, which requires multifamily landlords to offer residents the option of having rental payments reported to a major credit reporting agency. The bill goes into effect July 1, 2021, and it will apply to rental housing developments with five or more units that receive certain types of government assistance.

Rainbow Housing Assistance Corporation, a nonprofit affordable housing organization, partners with Esusu’s rent reporting platform to send rental payment data to credit bureaus. This allows tenants to build and improve credit scores.

“SB 1157 offers a credit-building lifeline to tenants who want to safely build and improve their credit scores. It makes those all-important milestones to financial freedom more attainable,” says Justin M. Walker, Rainbow’s national director of business development and media.


Inside The Story

Justin M. Walker

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.