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Pamplin Media Group - PSU: 90,000 Oregon COVID evictions loom, at $3 billion cost


Bates analysis of U.S. Census pulse data suggests some 89,000 families statewide owe back rent. An earlier PSU survey of 460 Oregonians extrapolated that more than a third of Oregon s renters and more than half of renters of color have skipped rent checks.
That money is coming due fast. While state lawmakers approved a new moratorium on evictions for nonpayment of rent in December, the partial ban ends June 30. Repayment is legally required by July 1.
Plugging that hole in landlords wallets could cost as much as $378 million, per a September report by financial advisory firm Stout. But if government stimulus money can t cover the gap, the strain to the social safety net will be far greater, the report concludes. ....

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