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Novel Coronavirus (COVID-19) News (View All)

Commercial Rent Relief Program Round 2

The Oregon Legislative Emergency Board on January 8, 2021, allocated $100 million to fund a new Commercial Rent Relief Program to provide financial assistance to small businesses and landlords adversely affected by economic conditions as a direct result of the COVID-19 pandemic.

The program targets landlords with tenant businesses with 100 or fewer employees who are behind on lease payments or any forgiven base rent amounts that have been negotiated due to COVID-19. The program will require both business tenant and property owner participation. The program includes additional protections for tenants, such as non-eviction clauses, and a waiver of penalties and interest.

Round one applications closed on March 22. Round two applications is open from April 22, 2021, to May 6, 2021. Check this page for details and sign up to be notified for COVID-19 news.

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