CA Legislature Approves Ting’s Bill To Spur The Revitalization Of Downtown San Francisco
New housing is seen as a way to bring downtown San Francisco back to life. The California Legislature today approved AB 2488 by Assemblymember Phil Ting (D- San Francisco), which uses tax incentives to encourage the conversion of the area’s empty office and retail spaces into residences.
“My bill can tackle two pressing issues at the same time: a local economy that needs a jumpstart and our housing shortage. Adapting under-utilized commercial properties for residential redevelopment opens the door to vibrant, walkable, mixed-use communities. This will transform downtown San Francisco,” said Ting.