The Oregonian reports that local landlords in Portland are struggling to pay their mortgages and other bills due to eviction moratoriums at the local, state, and national levels. According to Multifamily NW, between 12% and 15% of renters have been unable to make full rent payments during the pandemic. A Portland State University survey found the situation more dire - 36% of the 460 tenants surveyed by PSU reported that they owed back rent. And the $60 million in renter assistance allocated by the state's Emergency Board has not been enough to cover the difference. Without additional assistance at the state or federal level, there could be widespread evictions at the beginning of 2021. Read more.
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