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Stock impact report

Credit history is still a barrier to Section 8 tenants [USA TODAY]

Equity Residential Common Shares of Beneficial Interest (EQR) 
Last equity residential common shares of beneficial interest earnings: 1/28 04:16 pm Check Earnings Report
US:NYSE Investor Relations: investors.equityapartments.com
Company Research Source: USA TODAY
This article was produced by Capital & Main . It is published with permission. In 2020, 62-year-old Callie Rutter was finally ready to move into her own place in Orange County, California. After three years of sleeping in her car or signing in and out of grim institutional homeless shelters, Rutter obtained a Section 8 housing voucher to help her rent an apartment. But everywhere Rutter went, her rental applications were denied. “It became obvious that my credit history was preventing me from using my voucher,” Rutter told state lawmakers in 2022 as she lobbied for legislation to stop landlords from using credit checks to reject Section 8 voucher holders. The following year, California lawmakers approved such a law. Senate Bill 267, which took effect in January 2024, prohibits landlords from rejecting Section 8 tenants based solely on their credit history. They must give applicants the opportunity to provide pay stubs or other “lawful verifiable alternative evidence” they e Show less Read more
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