The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
Build Your Legacy with HFO, a member of GREA.
Thursday, April 23, 2020
Oregon Legislative Emergency Board Approves $8.5 Million in Rental Assistance
The
Oregon Legislative Emergency Board met last Thursday to vote on
over $30 million for coronavirus response efforts. The board unanimously approved $12
million for rental assistance for people experiencing a loss of income and hotel
vouchers for homeless residents. Of this, $3.5
million will go toward hotel vouchers for homeless residents and farm workers in
need of quarantine, while $8.5 million will go to landlords on behalf of
tenants who are unable to pay rent. The $8.5 million will be distributed to
local jurisdictions based on a preset formula that takes into account both
total population and level of need. Renters who make less than 50% of area
median income will qualify for these subsidies. House Republican Leader
Christine Drazan asked whether this threshold will take into account lost wages
since the crisis, or whether only those who made 50% AMI prior to business
closures will be eligible. A legislative staff member indicated that will be
determined in contract negotiations with continuums of care.
Labels:
#covid-19,
#legislature,
#oregon,
#rentalassistance,
#vouchers
Location: Portland, Ore.
Portland, OR, USA
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Thanks for your comment! It has been sent to the moderator for review.