Proposed tax credits are poised to transform the landscape of underutilized commercial properties in the United States. With bipartisan support, new legislation aims to incentivize property owners to convert vacant and outdated commercial spaces into much-needed residential housing. This initiative promises to address the dual challenges of urban decay and housing shortages while providing economic […]
Transforming NYC Office Buildings into Residential Housing: A Bold Solution to Housing Shortages
Residential housing in New York City is at a critical juncture. To address the city’s long-standing housing crisis, 64 office buildings have applied for conversion into residential housing units under Mayor Eric Adams’ strategic housing plan. This ambitious move aims to create 20,000 new apartments over the next decade, reshaping the city’s urban landscape and […]