April 24, 2023

More cities convert empty offices into homes

Christian Science Monitor - Across the country, office-to-housing conversions are being pursued as a potential lifeline for struggling downtown business districts that emptied during the coronavirus pandemic and may never fully recover. The conversion push is marked by an emphasis on affordability. Multiple cities offer serious tax breaks for developers to incentivize office-to-housing conversions – provided that a certain percentage of apartments are offered at affordable below-market prices.

No comments: