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Planning officials describe office‑to‑residential pilot and $110 million Housing Accelerator Fund
Summary
Department leaders updated the committee on the pilot office‑to‑residential conversion program, early application numbers and barriers, and the status of the mayor’s $110 million Housing Accelerator Fund.
The Planning Department described a pilot effort to convert underused downtown office space to housing and provided an update on the Housing Accelerator Fund announced by the Mayor.
Kairo Shen, Chief of Planning, told the Ways and Means committee that the office‑to‑residential pilot has attracted early interest. “We have already had 15 applications, that will generate 760 some units, over 20 buildings and convert over 600,000 square foot of underutilized and unused office space to new residences,” Shen said. Department staff told councilors…
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