Old Town building selected as Portland's latest housing bond acquisition



Old Town building selected as Portland's latest housing bond acquisition

Portland's housing bureau will buy, tear down and replace an Old Town apartment building to house low-income renters.

The Westwind apartment building, at 333. N.W. Sixth Ave., would be the fifth acquisition funded by the housing bond the city's voters approved in 2016. The site will cost $3 million, and construction will bring the project cost to about $20 million.

In addition to housing bond funds, the project will also draw from the Downtown Waterfront Urban Renewal Area, and Multnomah County has dedicated $4 million from the sale of the county's Wapato Jail toward the project.

The purchase will go to the Portland City Council for approval this fall.

The Westwind, built in 1903, has long served low-income tenants under private ownership through its below-market rents, even as the property's condition has languished. It's currently owned by a trust controlled by Pennie Narver of Newberg. 

Housing Bureau director Shannon Callahan said the building would need renovations in the short interim to bring it up to the city's safety and livability standards, but the 40 to 50 people currently living in the building would likely be able to remain while the work is underway.

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