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Oregon developers may have to compete for 4% low-income housing tax credits

Oregon developers may have to compete for 4% low-income housing tax credits
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Final round of Oregon Landlord Compensation Fund to cover $60M in past-due rent

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? ....

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Landlord Rent Relief: Oregon's $150 million plan enters second round with tight turnaround


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).
“Oregon s Landlord Compensation Fund Program is designed to provide relief to residential landlords who have been unable to collect rent due to tenant hardships,”OHCS Director Margaret Salazar said. “We’re grateful to assist landlords in keeping Oregon’s financially stressed tenants in their homes after a remarkably challenging ....

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