KCR CORPORATION

St. Paul Resident Selection Criteria

Uniform screening criteria in accordance with St. Paul S.A.F.E. Housing ordinance

• Applicants must be at least 18 years of age and reside legally in the United States, either permanently or temporarily.
• All adult Applicants must complete separate Rental Applications and pay the non-refundable application fee.
• Government issued photo ID is required in conjunction with a valid Social Security Number to verify the identity of all Applicants and their status in the United States.
• Payment of the security deposit is required at the time of application to hold the apartment throughout the rental selection process and if approved, the Applicant’s taking possession of the apartment.
• In the event of an application denial decision, an Applicant may submit verifiable, written, supplemental documentation relevant to the basis for denial, to be considered, and which may or may not mitigate or reverse the denial decision.

In reviewing each Applicants rental application for approval or denial, the following factors will be taken into consideration:

• ABILITY TO PAY RENT:
• All current sources of monthly income (employment, assistance, child      support, retirement income, SSI, etc.) will be considered and must be     properly verified.
• Applicant’s two (2) most recent pay statements (stubs) from any current employer must be provided (if applicable).
• Cash savings, liquid “cash like” accounts, and retirement accounts currently in use are applicable to “ability to pay”, provided a sufficient balance is confirmed by the most recent monthly account statement.
• Self-employed Applicants must provide additional documentation (previous year tax information, bank records, account statements, etc.) to establish monies available to pay monthly rent.
• Verified monthly income less than 2.5 times the rent (i.e. Rent to Income Ratio    greater than 40%) may require a security deposit up to the monthly rent amount and/or a qualified cosigner added to the lease agreement.

• CREDIT REPORT, PUBLIC RECORD & RENTAL REFERENCES: Applicant’s credit report, credit score and public record will be obtained through an authorized credit bureau, as well as rental references for current and previous residences. Low credit score, landlord and utility debt, collection balances, bankruptcy, foreclosure, eviction, judgments, liens and negative rental references can impact an application result, including a security deposit up to the monthly rent amount and/or a qualified cosigner added to the lease agreement. Applicants will NOT be denied based on credit score alone.
• CRIMINAL CONVICTION RECORD: All Applicants are subject to a complete criminal record search. Certain criminal convictions may result in denial of the Applicant’s rental application based on; type and severity of the offense, when it occurred, the level of the conviction (felony, gross misdemeanor, misdemeanor) and sex offender registry requirements.
• COSIGNER APPLICANT REQUIREMENTS:

• Prospective cosigners must complete a Rental Application and submit to background screening to assess their qualifications to guarantee a Rental Applicant’s monthly rent.
• Credit score of 670 or greater (based on FICO housing credit score - other credit score sources may be different)
• As calculated by KCR Corporation, income and financial resources that exceed both a basic minimum based on the monthly rent amount AND sufficient to cover the cosigner’s TOTAL financial obligations, including all financial support for the Renal Applicant.
• Approved cosigners will be added to the Lease Agreement and must sign the document.

NOTE: Failure to meet any of the criteria listed above may result in denial of a rental or cosigner application, or result in the requirement of additional deposit monies or a cosigner. Providing falsified, misleading, inaccurate or incomplete information may also result in denial of the application.

Per state and federal statutes, please direct all inquiries regarding the personal data obtained to:

Screening Report, Inc. 729 N. Route 83, Suite 321 Bensenville, IL 60106          (866) 389-4042 Fax (866) 389-4043

Policy Date March, 2021 (Site Operations/Rental Application Process)