Applications for Oregon’s Landlord Compensation Fund Start February 16
With Oregon House Bill 4401, the State of Oregon has allocated $150 million to the Landlord Compensation Fund. This new relief fund allows qualifying residential landlords to apply for financial reimbursement as a result of financially troubled tenants.
The application includes several landlord qualifications, including but not limited to:
- Tenants provided specific documentation to the landlord, including a “Declaration of Hardship.”
- The number of units in the landlord’s portfolio.
- The percentage of rents collected by the landlord.
The applicants will be scored under a point system with the highest points awarded to landlords with 1-4 units and those with a high percentage of back rents.
For approved applications, the fund is expected to pay the landlord up to 80% of back rents.
Commercial landlords and their rental properties are not eligible.
The application portal for this new fund is expected to open Tuesday, February 16.
For more information and to apply, click here.