Port Rent Forgiveness Program

Program Overview

On August 25, 2020, the Port Commission adopted Resolution 20-41 which approved the Port’s Rent Forgiveness Program.  The rent forgiveness program aims to mitigate the crippling financial effects of the COVID-19 pandemic for existing Port tenants, in a fiscally sustainable and implementable manner for the Port. Tenants in the below sectors may be eligible for forgiveness so long as they meet certain criteria.

Rent Forgiveness Programs


List of Eligible Program Participants

PLEASE NOTE THERE IS NO LIST OF ELIGIBLE PROGRAM PARTICIPANTS FOR THE CIVIC IMPACT SECTOR,

ALL TENANTS WHO MEET CRITERIA ARE ELIGIBLE

 

For More Information On

LBE RENT

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Applications period closed on February 28, 2021. 

 

Other Tenant Relief

 

REPAYMENT PROGRAM

The Port has approved a Repayment Program for outstanding balances due to Covid-19. For more information on the program please read the Staff Report

 

 

Micro LBE Loan Program

The Port Micro-LBE Hardship Emergency Loan Program is a zero-interest loan program that was developed in collaboration with the Port and service provider Main Street Launch. The Port recognizes the value of a diverse and local contracting community and is dedicating $1 million in the program for loans up to $25,000 each to eligible Port contractors, subcontractors, subconsultants or tenants.

 

OTHER RELIEF

The Port launched the Shared Spaces Program which provides no cost temporary permits for use of Port Outdoor Space for business operations such seating, dining or retail pick up.

Port Staff will be returning to the Port Commission later this year with proposals of further relief measures. Please check the Port Commission Calendar and Agenda for agendas on upcoming meetings.