Up for Growth Releases Policy Brief on Office to Residential Conversions
Several initiatives are underway at all levels of government to try and solve the dual problems of empty offices and insufficient housing. These include $400 million in incentives for adaptive residential reuse efforts in California’s 2022-24 budget, a hotel-to-housing conversion bill in New York, Philadelphia’s conversion policy, and local initiatives in San Francisco and Portland. Research into the efficacy of these policies is ongoing.