The City of Boston is set to launch a pilot program incentivizing the conversion of commercial buildings into residential spaces.  The program is anticipated to start this fall, and would offer reduced property tax rates for owners to immediately convert their commercial buildings to residential.  The reduction could be up to 75% over 29 years.  The Boston Planning & Development Agency (BPDA), the Mayor's Office of Housing (MOH) and the City of Boston Finance Cabinet will be facilitating the application process, with the goal of creating more housing in downtown Boston and bringing more traffic to the retail shops in the area.

Read more about it here.

Posted by David Green on
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