The "Access to Homeownership Act" requires multifamily borrowers with federally backed multifamily mortgage loans to establish programs for reporting residents' positive rental payment history. Upon resident consent, these borrowers must submit up to 24 months of prior on-time rent payments to consumer reporting agencies, thereby helping residents build credit. A significant impact of this bill is that these reported positive rent payments shall be considered in applications for mortgage insurance under the National Housing Act, potentially improving access to homeownership. The administrative costs associated with this new reporting mandate will be covered by the enterprises, such as Fannie Mae and Freddie Mac. The Director will also be required to submit a report to Congress every five years, evaluating the program's implementation and effectiveness.