| An
Innovative Housing Solution
Tufts,
Medford agree on plan to convert a closed school building into
housing for low income families and faculty members.
Medford,
Mass. [12.10.01] -- When the City
of Medford put one of its old school buildings up for sale,
Tufts made a unique proposal
-- the University would turn the building into an apartment complex
to provide housing for both low income residents and University
faculty members. And the town couldn't be happier.
"The
City of Medford and Walnut Hill Properties [a nonprofit affiliate
of Tufts that manages property for the University] last month
signed a purchase-and-sale agreement under which the company will
acquire the former Hillside elementary school for $801,000 and
convert it to 12 apartment units," reported the Boston Globe.
"The agreement provides that three of the units will be set aside
for at least 30 years as affordable housing, with first preference
given to Medford residents."
Revenue
generated from the sale is slated to be used to fund Medford's
school rebuilding program.
In
exchange for the building, Walnut Hill agreed to pay taxes on
the property, provide off-street parking for the future tenants
and refurbish a World War II monument located on the site.
According
to the Globe, Medford residents who have worked on the
building sale say they are pleased with the outcome.
"John
J. Woods, a member of a committee that is assisting with the sale
of the old schools, said the Hillside housing concept is an innovative
idea that could serve as a model for similar ventures in other
communities with colleges and universities," reported the newspaper.
Praising
the inclusion of low-income housing in the proposal, Woods told
the Globe that the deal continues to strengthen Tufts'
relationship with Medford.
"I
think this is a great step in the right direction," he said. "[Affordable
housing] is incredibly important, given the skyrocketing housing
costs. Even though it's only three units, it sends a very loud
message [about the importance of affordable housing]."
Medford
Mayor Michael
McGlynn agreed.
"The
Hillside [proposal] was a perfect example of how the process can
work," McGlynn told the Globe.
And
the renovated building will expand the housing options Tufts can
offer new faculty members.
"Tufts
is competing with other institutions to get the very best and
brightest faculty," Bruce Ketchen -- Walnut Hill's general manager
-- told the Globe. "And housing is part of the consideration
that goes into making the decision to come to a school like Tufts."
Though
the school building will begin a new life as an apartment complex,
it will likely remain a center of learning.
"The
whole concept of faculty living in the neighborhood provides a
potentially great role model for families that might be living
in these units," Woods said in the Globe's article.
Ketchen
agreed. "[The combination of local residents and faculty] is a
wonderful concept. It provides for great opportunities."
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