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.
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PORTLAND, Ore. – Starting Tuesday, Oregon landlords can once again to apply for assistance to cover tenants’ past-due rent. The Landlord Compensation Fund covers 80% of rent owed by eligible tenants dating back to the early days of the coronavirus pandemic in April of 2020. Landlords must forgive the other 20% of that debt to qualify for the program. READ MORE | When will Oregon's Landlord Compensation Fund distribute rent relief?
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.