Bill H8142: Conversion Incentive
A new residential reuse incentive program will help repurpose underutilized buildings as housing, revitalizing neighborhoods and creating high-quality construction jobs in the process.
This Bill Will:
Create a new gap financing program that helps convert vacant offices, former schools, and former nursing homes into new homes
Incentivize projects that prioritize housing for health and education workers
Create good-paying construction jobs and leverage union pension fund investments through strong labor standards
