Oregon Landlord Compensation Fund FAQ

Frequently Asked Questions

• Owners may apply immediately online for Oregon’s $150 million rental owner
  compensation fund.
• Oregon
  Housing & Community Services provided a FAQ sheet regarding that fund on
  February 3, 2021, along with a Fund Modeling Matrix and Scoring Sheet
  for rental owners.

Multifamily NW posed these additional common
questions to Oregon Housing & Community Services and received the following
answers:

Q. Total Rent Debt Calculation – I understand that tenants who’ve vacated will not generate
funding for the landlord,  but can those former tenants be included in the
“Total Rent Debt” calculations for the months they were tenants, for the
purpose of awarding points to the application?  For larger properties,
this is a material consideration. Where tenants have moved out with huge balances
in previous months, those landlords could have significantly improved their
chances of obtaining assistance for their remaining tenants.

A. Yes, we will include former tenants in the scoring
for the total rent debt

Q. Building Wide Noticing – Could you clarify if this program requires any building-wide
noticing, or is the landlord in compliance by providing Declaration of
Financial Hardships only to tenants in arrears. 

A. This building notice can JUST go to tenants in
arrears! 

Q. Data Privacy – Questions about data privacy,
particularly for tenants currently paying, are still looming large.

A. We are not requesting household
name, email, or phone for tenants that are not in arrears – meaning, we would
just be needing to see the unit number and the rent owed / rent paid.  We
are working on an update to our rent roll sheet to better reflect this and
include instructions on what to include in those fields in this case. 
 

Note, in examining the Landlord
Compensation Fund information, Multifamily NW noted that there is a chart
summarizing the point system associated with the weighting factors for Rent
Debt and # of units. Multifamily NW noted that “Larger buildings with 10-15%
uncollected rents have very low points awarded to them.”