In December, Oregon lawmakers allocated $200 million toward rent assistance to help renters and small rental owners struggling in the pandemic. $150 million of those funds are set aside for landlords with smaller rental owners given preference. Rental owners who receive funds must agree to forgive 20% of past-due rent. Fund details are here.
A report commissioned by the National Council of State Housing Finance Agencies estimated in September that Oregon renters would miss between $249 and $378 million in rent payments by January 2021.
It's pretty clear that the $150 million will not be nearly enough for either rental providers or Oregon tenants.
[Article updated 2/15/2021 to add a link to State of Oregon website to apply for rental housing funding.]
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