Oregon Landlord Compensation Fund: Round three to open June 1

Oregon lawmakers passed HB 4401 on Dec. 21, setting aside $50 million for rent relief and created a $150 million landlord relief fund to compensate landlords for up to 80% of unpaid rent with state money. The bill also extended the eviction moratorium for those who still needed it to June 30, 2021.
Round three of the Landlord Compensation Fund will open Tuesday, June 1; round two closed May 17.
The fund is for residential landlords who have been unable to collect tenant rent due to the tenant's financial hardships. Landlords can apply for the assistance online. at lcf.oregon.gov/register. Landlords whose applications are accepted and awarded will receive 80% of owed, unpaid rent from April 2020 through the application period. They will be required to forgive the remaining 20% of unpaid rent.

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