Landlord Compensation Fund
In response to the COVID-19 pandemic, Oregon Legislature enacted an eviction moratorium through June 30, 2021, and established the Landlord Compensation Fund (House Bill 4401). The Legislature allocated $200 million in rent assistance to support tenants and landlords, which includes $150 million for the Landlord Compensation Fund.
Through this program, landlords of residential properties will be paid 80% of the tenant rent arrears and will forgive the remaining 20%. Approximately $50 million of the $150 million in the fund was made available for the first round of funding applications, which began in February 2021 and ended on March 5, 2021. In this first round, rent arrears from April 2020 to February 2021 were eligible to be compensated. The second round of funding applications will begin in April 2021.
To participate in the program, landlords must provide tenants with written notice about the application and obtain a signed Declaration of Financial Hardship from all tenants to be included in the fund reimbursement. All applications must be submitted through the Landlord Compensation Fund application portal.
The program does not operate on a "first come, first serve" basis. The two main criteria that factor into approval are number of units in the ownership portfolio and portfolios with the highest percentage of unpaid rent since April 2020.
Landlords can learn more about the program by visiting the Oregon Housing and Community Services (OHCS) Landlord Compensation Fund page; also, visit these FAQs. Landlords can also sign up for the 'Landlord Compensation Fund Updates' e-mail list to receive updates on the program.
Questions about the program can be submitted directly to OHCS program staff at HCS.LCF@oregon.gov. In addition, Washington County has set up dedicated program contact points at LLCompFund@co.washington.or.us and 503-846-4775.