About the Fund
HB 4401 created a Landlord Compensation Fund to help landlords with the financial impact of deferred rent. The Fund, administered by Oregon Housing and Community Services, allows landlords to apply for compensation for all rent deferred by their tenants from April 1, 2020 to the time of application.
Update: With the passage of SB 278, compensation from the fund will be 100% of the total past-due rent of qualified tenants. Landlords that received 80% of the total past-due rent prior to the passage of SB 278 will receive the outstanding 20% directly from the state without the need for any further action.
For details, go to Oregon.gov:
Closed June 23, 2021
Landlord Compensation Fund
Also see helpful guidance from Multnomah County on how landlords can help their tenants prepare to apply for emergency rent assistance.
Mortgage Relief
Additionally, if a landlord has a FHA-insured loan or a mortgage backed by Freddie Mac or Fannie Mae, they may be protected by federal foreclosure moratoriums. Federal Housing Authority (FHA) insured single family mortgages are subject to a foreclosure moratorium until March 31, 2021. Freddie Mac and Fannie Mae backed mortgages are subject to a foreclosure moratorium until February 28, 2021. In addition to financial assistance, there may be mortgage relief for federal and private mortgage holders. For more information on mortgage relief, see Federal and Private Mortgage Relief.