
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.
