Financial assistance available for landlords of affordable housing
With residential tenants still protected by a statewide eviction moratorium in Oregon through 2020, Washington County created an expedited application process for landlords of multifamily affordable housing to apply for financial assistance.
"The purpose of this funding is to provide relief to landlords, provide relief to tenants who have not been able to fulfill their rental obligations due to the pandemic, and to stabilize subsidized housing projects so that they can continue fulfilling the mission of providing quality housing to Washington County households with modest incomes," the county said in a statement announcing the funding Wednesday, Dec. 9.
Applications are due by 5 p.m. Friday, Dec. 18. Those being awarded funds will be notified Wednesday, Dec. 30, and awards will be made in January, the county said.
Landlords may receive up to $300,000 through the program. If a landlord is applying for multiple properties, the limit is $500,000.
The county said payments may be reduced if the recipient receives rental payments through other resident assistance programs.
Eligible properties must be located in Washington County, consist of five to 300 units and have deed restrictions enforcing an affordability period of 15 years or more.
Landlords also must show a net loss in rental income due to the COVID-19 pandemic from March 1 through the end of 2020 once other pandemic-related financial assistance has been accounted for, the county said.
Eligible landlords can be nonprofit or for-profit entities. The Housing Authority of Washington County also may apply.
Applicants may submit applications for multiple properties, the county said.
The county made about $2 million available for the program, said Lisa DuPre', spokeswoman for the county. She said the program could apply to about 100 properties.
If the property owner is a limited partnership, the applicant must be the managing general partner or an equivalent, the county said.
In the case that the Housing Authority may be a special limited partner for the purpose of tax exemption only, the Housing Authority may not be the applicant, the county said.
Properties serving Black, Indigenous, Latinx, people of color and families with children who have been disproportionately impacted by inequities exacerbated by COVID-19 will be prioritized, the county said.
Landlords must apply the funding toward back-due rent, and the payments must be credited to the accounts of tenants who are behind in their rent.
Property modifications related to COVID-19 that were made between March 1 through Dec. 30 may receive secondary consideration if sufficient funds are available, the county said.
The final day to submit questions about the program is Wednesday, Dec.16, by 5 p.m.
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