(AP) — The Fresno home of Armenian-American author William Saroyan is slated to become a museum to host literary and cultural events.

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The Fresno Bee reports (http://bit.ly/1nhVvjE ) that the tract house where the author spent the last 17 years of his life has been purchased by the Intellectual Renaissance Foundation, which will renovate the 1,228-square-foot house into the museum.

The property has had three different owners since Saroyan’s death in 1981. It was a rental home for years, attracting squatters, and last summer the vacant home fell into foreclosure.

Saroyan was awarded the Pulitzer Prize for Drama in 1940, and in 1943 won the Academy Award for Best Story for the film adaptation of his novel “The Human Comedy.” His other notable works include “My Name is Aram” and “The Time of Your Life.”

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Information from: The Fresno Bee, http://www.fresnobee.com