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Bill would target underutilized retail and commercial corridors for large-scale housing conversion; business groups back plan

2378092 · February 21, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Senate Bill 5,755 would direct Commerce to solicit and prioritize redevelopment proposals that convert large underutilized commercial properties to mixed-use housing, with incentives such as priority funding, density bonuses and parking reductions; supporters including Microsoft and Realtors testified in favor, while several opponents signed in.

Senate Bill 5,755 would require the Department of Commerce to solicit letters of interest from owners or developers of retail or commercial properties with potential for redevelopment to residential or mixed use. Staff described eligibility criteria including location inside urban growth areas, minimum project scale (250 new housing units), minimum street right-of-way width, and a scoring process that prioritizes projects providing public benefits. The bill would allow local density bonuses, eliminate most minimum parking requirements (except for ADA spaces and certain airports), and give prioritized access to several state funding programs (CHIP, Early Learning Facilities, Energy Efficiency…

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