White House Unveils Plan to Convert Vacant Downtown Commercial Buildings Into Affordable Housing

Administration officials claim the strategy will address housing shortages and revitalize downtown areas.

The White House in Washington on July 10, 2023. Madalina Vasiliu/The Epoch Times

The Biden administration wants to increase affordable housing options in downtown areas by converting vacant commercial buildings into residential units, officials said Friday.

On Friday, the administration announced a slew of federal financing and other incentives to convert high-vacancy commercial buildings around the country into residential use to boost housing supply.