Press Release
☷HUD Awards Nearly $4 Million to Study Innovative Ways to Boost Housing Supply Including Office to Residential Conversions
U.S. Department of Housing and Urban Development ( By Press Release office)
Feb 25,2024
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HUD announced nearly $4 million in awards to support research that will help communities address their housing needs . The funds will be used to fill knowledge gaps and explore innovative practices such as off - site construction and office - to - residential conversions . This initiative aims to increase the supply of affordable housing and reduce housing costs for low - and moderate - income families . HUD Secretary Marcia L . Fudge emphasized the importance of creative solutions to the housing crisis , while Principal Deputy Assistant Secretary Solomon Greene highlighted the role of state and local leaders in implementing innovative housing policies . The research awards will support projects that assess the potential of off - site construction methods and zoning reforms to improve housing affordability . The funding will also support studies on converting office buildings to residential properties , in response to the impact of the COVID - 19 pandemic . These initiatives align with the Biden - Harris Administration ' s Housing Supply Action Plan and aim to address the challenges and barriers to off - site construction . Hey guys , just wanted to give you a heads up on some cool projects that got funding recently . The National Institute of Building Sciences got some money to work with HUD regions on off - site construction and land use reform . UCLA , UC Irvine , and a few other universities also got funding for research on things like ADUs , housing costs , and zoning reforms . Basically , they ' re all looking at ways to make housing more affordable and sustainable . Pretty interesting stuff , right?We ' re giving $42 to do a survey on ADU rules and see what works best in small to medium - sized towns . The Office to Residential Conversions Notice of Funding Opportunity ( NOFO ) is giving M . Arthur Gensler Jr . & Associates , Inc . $858 , 261 . 91 to check out office to residential conversions in six cities . They ' ll see if it makes financial sense , look at the rules and incentives , and create an online guide for local policymakers to see how it could affect their town .
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