The Access to Homeownership Act aims to improve access to homeownership for renters living in multifamily housing that has federally backed mortgage loans. The main objective is to allow positive rental payment histories to be reported to credit agencies, which can help renters build their credit scores and improve their chances of qualifying for a mortgage in the future. Key provisions of the Act require that multifamily borrowers with federally backed loans must seek permission from their tenants to report their positive rent payments to consumer reporting agencies.