Revitalizing Downtowns: Converting Offices to Housing.

Cities across the US are turning to office-to-housing conversions as a way to revitalize struggling downtown areas emptied out during the pandemic. The push is marked by an emphasis on affordability, with multiple cities offering tax breaks for developers who include affordable units in their conversions. However, some housing advocates worry that the affordable housing requirements could get watered down, and even advocates of the conversion model say giving tax breaks to wealthy developers isn’t the best tool to achieve the goal.