Here are strategies 

that help 

make this policy a reality:

 

Office to Residential Conversion

program initiated 

by the Biden administration

in mid-2023. 

​​

This program is part 

of a broader effort 

to address the housing crisis 

into residential units, 

especially in urban areas 

where office space demand 

has decreased post-pandemic.

​

The program aims 

to streamline regulatory processes 

and provide financial incentives 

for developers 

to convert office spaces 

into affordable housing, 

for seniors

and elderly low-income residents. 

By doing so, 

it helps

increase housing supply 

in areas with high demand 

while repurposing 

commercial real estate 

that may

otherwise remain empty.