Many landlords and tenants in Oregon are experiencing financial hardship due to the coronavirus pandemic. Considering that the Oregon Eviction Moratorium (HB 4401) expired at the end of June, many renters are facing eviction if they are unable to pay July rent and have not given their landlord the Declaration of Financial Hardship. Senate Bill 282 (SB 282) was signed into law on May 19, and extends some tenant protections and functions as the “off-ramp” from Oregon’s Eviction Moratorium. For more information on SB 282 see Multifamily NW.
For landlords, Oregon’s Landlord Compensation Program was designed to provide relief to landlords who have tenants living in their homes who have been unable to pay rent at any point since April 2020 due to a financial hardship. The program will also eliminate the rent owed for those tenants experiencing a hardship.
For renters, the Oregon Emergency Rental Assistance Program will distribute $204 million to qualified renters who have experienced financial hardship due to the coronavirus pandemic and are at risk of homelessness or housing instability. The allotted $204 million can be used for past due rent and utilities.
Overall, Oregon is committed to supporting landlords and renters alike. Please forward these resources on to any multifamily customers in search of financial assistance because of the coronavirus pandemic.
For more information contact Donald Shaw, 503.270.1415