A bill aims to revitalize downtowns by encouraging the conversion of obsolete office buildings

A recently introduced bill, in both houses of Congress, would create a tax-credit—to encourage the conversion of empty or obsolete office-buildings, into residential, retail, or mixed-use spaces. David Downey is the president and C-E-O of the “International Downtown Association”—and a member of the “Revitalize Our Cities Coalition”… “The ‘Revitalizing Downtowns Act’ is a commonsense legislative-solution that will help strengthen our cities, for the long term. The rise of remote work, advancements in technology, and the impact of the ‘COVID-19’-pandemic have all changed where, and how, people work—leading to excess office-space in many downtowns, across America. The ‘Revitalizing Downtowns Act’ will encourage the conversion of obsolete office-buildings—providing America’s downtowns with an opportunity to bolster their economic promise, while [also] expanding affordable-housing opportunities, reshaping our cities, and supporting small businesses.” To learn more about the “Revitalizing Downtowns Act”, visit “downtown”-dot-org.