🏙️ Boston’s Office-to-Housing Conversion Program: Progress & PressureBoston’s ambitious plan to turn underused office buildings into housing is gaining traction—but inventory is tight. Here’s the latest:
- ✅ Only 1 project completed (15 units); 3 under construction (126 units)
- 📈 18 applications for 934 units (172 income-restricted) submitted as of October
- 🏢 11 projects approved by the city, totaling 595 units
- 💰 Developers love the 75% tax abatement for 29 years + expedited review
- ⚠️ Biggest challenge? Not enough suitable buildings to convert
- 🧱 Older, pre-WWII buildings are ideal—but hard to find
- ⏱️ Conversions are faster to build than ground-up projects, saving time and money
With the program set to expire end of 2025, developers are urging an extension.💬 What do you think—should Boston keep this program going? Drop your thoughts below! 👇
Source: Boston’s Running Out of Offices to Convert – Banker & Tradesman
