Walter French School Apartments

Council Action

Authorized a PILOT agreement (2022) supporting the conversion of Walter French Junior High into affordable housing with on-site services.

Fiduciary Considerations

Affordability, feasibility, and underwriting needs • long-term fiscal stewardship under a PILOT structure • compliance and operating sustainability expectations • preservation outcomes tied to public benefit

Result

Supported a $40 million adaptive reuse project delivering 76 affordable housing units while preserving a historic landmark.