Business Oregon Commercial Rent Relief Program (CRRP)
Are you past due on lease payments between 3/1/20 - 2/28/21? If you are headquartered in Oregon, through this grant as a landlord you may be eligible to receive up to $3,000,000, and up to $100,000 per tenant . Landlords will need to submit this application so if you are a tenant it will be important to communicate with your landlord.
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.
FOR INSTRUCTIONS ON WHO IS ELIGIBLE AND HOW TO APPLY PLEASE CLICK HERE.
The program will be open for applications from March 8 to 21.
Awards will be announced April 12.
Checks start going out April 21.
PACCO is one of the Business Oregon partners who were tapped to help you navigate through the application process.
If you have any questions, send us an email or set an appointment : firstname.lastname@example.org