"Salazar said the bill could help improve affordability in her district. Homeownership has long been a cornerstone of the American dream. In Miami, that dream has become increasingly unaffordable, especially for young people, she said. The Revitalizing Empty Structures Into Desirable Environments Act is a bipartisan, budget-neutral, and commonsense solution that would increase the supply of housing and make the dream of homeownership a reality."
"Olszewski said the legislation offers a thoughtful and effective solution to a pressing need adding that no family should worry about having a warm and safe place to sleep at night. Repurposing vacant buildings both meets the growing demand for attainable housing in this economy and revives local spaces, he said. I'm proud to support this creative legislation to address the housing crisis affecting every community in our country."
The RESIDE Act would create a pilot grant program to rehabilitate empty offices, malls, motels and other properties into homes. The proposal targets abundant vacant commercial sites in major U.S. metros to increase affordable housing supply and revive declining downtowns and strip malls. The initiative is described as bipartisan and budget-neutral and aims to empower local governments to transform underused buildings into attainable housing. The plan emphasizes addressing widespread housing affordability challenges, expanding homeownership opportunities, and ensuring families have safe, warm places to sleep while revitalizing local communities.
Read at www.housingwire.com
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