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New York lawmaker proposes converting empty offices and hotels into affordable housing


A state lawmaker introduced legislation this week that would allow New York to buy financially distressed commercial buildings and convert them into housing for low-income and homeless New Yorkers. The Housing Our Neighbors with Dignity Act, sponsored by State Sen. Michael Gianaris, includes the purchase and conversion of office buildings and hotels that are up for sale, as the Wall Street Journal first reported. The proposed legislation comes as commercial districts and tourist hubs have yet to recover fully from the impact of the coronavirus and as the housing crisis, particularly in New York City, continues.
Gov. Andrew Cuomo proposed a similar idea during his State of the State address in January. According to the governor, the pandemic has reduced travel and increased remote work, leading to underutilized commercial space. ....

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