The Landlord Compensation Fund (LCF) reopened last week. The second round of assistance for covering rent owed by eligible tenants is at least $50 million. The timeframe for the accrued rent owed is from the past year, April 1, 2020 - April 30, 2021.
If you are a participating housing provider you could receive funding for 80% of the rental debt owed by your qualified residents. The additional 20% must be agreed to be forgiven as part of the grant's agreement, and as a condition of receiving payment.
Would you like help navigating your options with your rental property? We can provide you support with our legal experts, work to get your property sold, and help to identify the best options for you. Use the contact form below and we will be in touch shortly.
Visit the Oregon.gov Rental & Housing Assistance website for more detailed information at https://www.oregon.gov/ohcs/housing-assistance/Pages/index.aspx
For an application checklist click here:https://www.oregon.gov/ohcs/housing-assistance/Documents/LCF/04-23-2021-LCF-Documentation-Checklist.pdf
For the portal website login click here:https://lcf.oregon.gov/lcf