Cosign Launches Data-Driven Rental Approval Alternative in Southeast Michigan
Cosign, a mission-driven housing access company, is introducing an alternative rental screening model to combat high vacancy rates and rigid credit requirements in southeast Michigan. By acting as a cosigner for qualified renters who lack traditional financial backing, the company utilizes dynamic data rather than single credit scores to assess ability to pay. This approach aims to assist essential workers, such as teachers and nurses, who may have strong rent payment histories but low traditional credit scores. The initiative comes at a time when apartment vacancy in the Ann Arbor metro area has reached 8.9%, exceeding the national average of 7.9%. Cosign is currently working with property managers across more than 800,000 apartment units nationwide to provide leasing teams with greater flexibility and improved customer service by offering paths to approval for overlooked applicants.
Tickers: $CSGP
Topics: fintech housing access property management rental market
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Part of the story Lakeland Apartment Vacancy Remains High Despite 40% Increase in Housing Supply (3 articles)