office buildings are turning into affordable housing
California has passed 2 bills into law that incentivize developers to convert commercial buildings into housing. 🏢
More specifically, the new law would allow residential use to replace underutilized commercial sites that are currently zoned for retail, office or parking uses.
I think this could help blow the lid off housing in our state but what do you think? Let me know in the comments below and share this with someone you know.
#californiarealestate #commercialrealestate #nahedbenyamein #estateofgrace #realestatetips