Biden Administration Releases Plan for Adaptive Reuse of CRE Properties

The Biden Administration on Oct. 27 released a plan to address the growing number of vacant commercial buildings in the nation’s cities and make it easier to convert them to residential use. This is the federal government’s first effort focused on adaptive reuse and it involves the U.S. Department of Transportation and the U.S. Department of Housing and Urban Development as well as public and private stakeholders.