Who had commercial real estate bailout on their bingo card?

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by TonyLiberty

The White House is giving $45 Billion to developers to convert empty office buildings into affordable housing.

The program will provide low-cost loans, tax incentives, and technical assistance to developers who are willing to undertake these conversions.

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By increasing the supply of affordable housing, the program could help to bring down housing costs and make it easier for people to afford to buy or rent a home.

Will it work?

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Read more here: https://www.whitehouse.gov/briefing-room/statements-releases/2023/10/27/fact-sheet-biden-harris-administration-takes-action-to-create-more-affordable-housing-by-converting-commercial-properties-to-residential-use/