The phrase represents a particular search question indicating a person’s want to find rental properties of their fast neighborhood the place the owner or property supervisor doesn’t require a conventional credit score historical past overview as a part of the appliance course of. This usually appeals to people with restricted or broken credit score histories who nonetheless require housing.
This sort of housing search is more and more vital resulting from elements resembling rising housing prices, financial instability, and the rising variety of people with non-traditional employment. Circumventing standard credit score checks can present entry to housing for many who would possibly in any other case be excluded, selling better housing accessibility and probably decreasing homelessness. Traditionally, reliance on credit score scores has disproportionately affected sure demographic teams, making various screening strategies probably extra equitable.