Source: KRON TV
On Tuesday, San Francisco Assemblymember Phil Ting proposed a bill to convert Downtown San Francisco’s empty office spaces into housing. The way they would convert the spaces, Ting says, is through tax incentives.
“We can address two problems with one bill. AB 2488 empowers San Francisco to create vibrant, walkable, mixed-use communities that open the door to new economic, social and cultural opportunities. The prospect is exciting,” said Ting.
The legislation (AB2488) uses a tax incentive to attract developers who can turn vacant office buildings into much-needed residential units.