Oregon landlords urged to apply for millions in past-due rent assistance by Friday deadline
SALEM, Ore. (KTVZ) Millions of dollars remain in the state s Landlord Compensation Fund program, and Oregon Housing and Community Services Director Margaret Salazar is encouraging landlords to apply soon, as the application window closes on Friday.
This is the final opportunity for landlords to apply to get assistance to cover rental debt for all tenants, regardless of income, the agency said in a news release, which continues below:
Round three of the Landlord Compensation Fund program opened on June 1 and included at least $60 million in assistance covering rent-owed by eligible tenants that was accrued from April 1, 2020 through June 30, 2021.
Final round of state relief for landlords opens; another $60 million to cover owed rent ktvz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ktvz.com Daily Mail and Mail on Sunday newspapers.
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.
Round two of the Oregon Landlord Compensation Fund program opened April 29 and includes $70 million in assistance covering rent owed by eligible tenants that was accrued from April 1, 2020 through May 2021.
Over $40 million was awarded to landlords in the first round, according to the OHCS. Map / Courtesy of OHCS
All applications received by 5 p.m. May 17 will be reviewed and scored. Funds are not first come, first served, according to Oregon Housing and Community Services (OHCS).
The Oregon Legislature allocated a total of $150 million to the Landlord Compensation Fund (LCF).
âOregon s Landlord Compensation Fund Program is designed to provide relief to residential landlords who have been unable to collect rent due to tenant hardships,âOHCS Director Margaret Salazar said. âWeâre grateful to assist landlords in keeping Oregonâs financially stressed tenants in their homes after a remarkably challenging year.â