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House Bill 4401 (formerly known as LC-18)

December 23, 2020 4:39 PM | Anonymous

New Legislation has passed the House and Senate providing some relief to landlords, but with a catch.

On December 21, 2020, the Oregon legislature in an historic third emergency session, passed legislation extending the moratorium (for tenants that sign a declaration of hardship) to June 30, 2021. Along with the extension, state funds have been set aside for an optional housing provider based rent assistance program with the requirement the housing provider forgive 20% of the past due rents. Landlords are not required to forgive 20% if they do not apply for assistance. House Bill 4401 and formally known as LC-18, is very detailed and ORHA is working on educational materials, new forms, and classes to educate housing providers on the changes. It is projected Housing Providers will not be able to apply for assistance until late January as the infrastructure is not ready. Keep an eye out for future updates from ORHA.

You can see the final version of the bill here.

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Disclaimer:

Treasure Valley Rental Owners Association (TVROA) Board Members and Mentors and Office Staff do not give legal advice. Any advice or guidance does not constitute legal advice. You should seek appropriate counsel for your own situation as needed.

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