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Government Relations & Public Policy

White House Provides Guidebook for Commercial to Residential Conversions

November 9, 2023

To spur the conversion of commercial building to housing, the Biden-Harris Administration released a guidebook in October to provide an overview of the federal programs, loans, grants, guarantees and tax incentives that may be used to increase the economic viability of conversion projects. 

While the administration acknowledges that commercial conversions are not a panacea for improving the housing supply, even converting a small percentage of underutilized commercial buildings could create thousands of units and reduce the carbon footprint of existing buildings.

The guidebook of federal resources can be found here.