Tag: Office-to-Resi Conversions
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Boston Introduces Innovative Tax Breaks to Fuel Office-to-Resi Conversions and Address Housing Shortage
The city aims to provide property tax breaks of up to 75 percent over 29 years for downtown office-to-resi conversions. Boston Mayor Michelle Wu has introduced a groundbreaking plan to address the housing shortage and embrace the rise of remote work by encouraging office-to-resi conversions This marks the first financial incentive proposed by Boston to…