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ARTICLE · 23 JULY 2024

Bria Smith-Edwards Explores Potential Affordable Housing Solutions In Adaptive Reuse Projects

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In an article for the Journal of Property Management, Bass, Berry & Sims attorney Bria Smith-Edwards explored the potential of adaptive reuse projects to address the lack of affordable...

United StatesReal Estate and Construction
Bria Smith-Edwards
Bria Smith-Edwards

In an article for the Journal of Property Management, Bass, Berry & Sims attorney Bria Smith-Edwards explored the potential of adaptive reuse projects to address the lack of affordable housing in the United States.

"Professional associations, including IREM and NAIOP, have served as vocal advocates for the federal government to incentivize the adaptive reuse of vacant and underutilized office buildings and other structures," Bria said. "They're doing this to help address the severe shortage of affordable housing in many communities, and the government has shown signs of doing just that."

The White House announced a plan in October 2023 to create more affordable housing by converting commercial properties to residential use, with the U.S. Department of Housing and Urban Development (HUD) issuing a plan to incentivize and fund adaptive reuse projects.

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