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Current Application Cycle:
Opened on: March 20 at Noon.
Apply by: March 26 at Noon.

Are slots full?
New slots will become available
April 3 at Noon

  • Need a computer to apply for the PRLE Program?     Contact the intake agency in your county.
    Click here to find the nearest Oregon WorkSource Center.
  • Need support with your PRLE application in another language? Call 503-986-2025
  • Questions? Take a look at the FAQs.

Principal Reduction and Lien Extinguishment

The Principal Reduction and Lien Extinguishment (PR/LE) program is designed for homeowners who are on a fixed income and struggling to make their mortgage payment. The program will pay up to $50,000 to reduce the unpaid principal balance of the mortgage so that the loan may be re-amortized resulting in a sustainable lower monthly payment.


NOTE: The benefit is provided in the form of a no-interest, five-year forgivable loan for which a lien will be recorded against the property.


Submission Checklist



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