Up for Growth Releases Policy Brief on Office to Residential Conversions
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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.