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.
The first round of applications closed on March 22 but a second round of applications is expected to open in Mid March. Visit http://www.oregon4biz.com/Coronavirus-Information/CRR/ for more information and eligibility requirements.
Programa de alivio de alquiler comercial Espanol through Google Translate.