Securing affordable housing — either to rent or to buy — often involves many steps and eligibility considerations. One important requirement and eligibility factor that plays a major role in the housing market is a person’s individual credit score.
This new resource is a beginner’s guide to understanding how an individual’s credit score affects applying for, obtaining, and maintaining stable housing. It then explores best practices to establish and continue building good credit.
The guide is designed to assist those who may not have existing credit and/or a credit history, such as but not limited to, immigrants, refugees and other newcomers. The guide could also be applicable to recent high school graduates and/or college students who may qualify as ORR-eligible populations.
