What's happened
The Biden administration is pushing to convert empty office spaces into housing to address the housing shortage and revive downtown areas.
Why it matters
This initiative aims to address the national shortage of affordable housing and the surplus of vacant office buildings, potentially revitalizing downtown areas and providing more housing options.
What the papers say
AP News and The Independent report on the multi-agency effort by the Biden administration to convert empty office buildings into housing units, highlighting the federal funding available for the transition. Axios provides additional details on the federal programs and financing options for office-to-apartment conversions near transit hubs.
How we got here
The initiative comes in response to the post-pandemic surplus of vacant office buildings and the national shortage of affordable housing.
More on these topics
-
Joseph Robinette Biden Jr. is an American politician who is the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 and represented Delaware in the United States Senate
-
Peter Paul Montgomery Buttigieg is an American politician, former military officer, and combat veteran who has served as mayor of South Bend, Indiana since 2012.