Gov. Brown extends Oregon’s foreclosure moratorium until the end of the year
Oregon homeowners will be protected from foreclosure until the end of the year.
Gov. Kate Brown announced Monday that she had extended Oregon’s residential foreclosure moratorium until Dec. 31.
Oregon lawmakers gave Brown the right to extend the foreclosure moratorium until the end of the year under provisions in House Bill 2009, which lawmakers approved in May. The bill doesn’t allow for any additional extensions.
“As we continue to see record high numbers of COVID-19 hospitalizations driven by the Delta surge, I am committed to ensuring that Oregonians have a warm, dry, safe place to live during this pandemic,” Brown said in a statement.
Homeowners and certain landlords with residential tenants who attest to experiencing a loss of income due to the coronavirus pandemic are protected from foreclosure under the moratorium.
The moratorium does not apply to commercial property owners or Oregonians who own more than five properties, or properties with more than four housing units.
A similar moratorium on residential evictions expired in June, but Oregonians behind on rent can still claim eviction protections for 60 days after they apply for rent assistance and notify their landlords under a stopgap measure approved by lawmakers in June. Renters in Multnomah County are eligible for 90 days of protection under a local measure.
The state is in the process of distributing assistance to both homeowners and renters who have fallen behind on payments during the pandemic.
Oregon will make more than $90 million in assistance available to homeowners in the coming months through the Homeownership Assistance Fund. The state is recommending that struggling homeowners contact a housing counselor for support.
The state is also in the process of distributing $204 million in rent assistance through the Oregon Emergency Rental Assistance Program. However, software issues and delays have plagued the rent assistance program since applications opened in May.