The phrase refers to housing choices accessible in a person’s neighborhood that don’t require a conventional credit score historical past assessment as a part of the appliance course of. These choices could embody flats, homes, or rooms for lease supplied by landlords or property administration firms with different screening processes. An instance contains an condo group that prioritizes revenue verification or references over credit score scores throughout tenant choice.
One of these rental association supplies entry to housing for people who could have restricted or broken credit score histories. That is significantly related for college students, current immigrants, these recovering from monetary hardship, or people preferring to not have their credit score info scrutinized. Traditionally, securing housing has been intrinsically linked to creditworthiness, creating obstacles for segments of the inhabitants; the supply of those different choices can enhance housing accessibility and affordability.