The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
Build Your Legacy with HFO.
Monday, August 10, 2020
Regional Agencies Dedicating $29 Million in Rental Assistance to COVID-Impacted Households
According to a press release from the City of Portland dated August 6th, the Portland Housing Bureau, the Joint Office of Homeless Services, the Multnomah County Department of County Human Services, and Home Forward will be distributing $29 million in renter assistance to COVID-impacted households over the next several months. $25 million of this assistance will come from the federal CARES Act. The agencies hope this will help at-risk renter households when the eviction moratorium expires after September 30th. $11.3 million will be distributed through community partners as part of the Short-Term Rent Assistance network; $5.5 million will be distributed via 211info; $4.5 million will go to affordable housing providers who partner with PHB; and $1 million will be distributed through Worksystems. BIPOC households will be prioritized. Read more.