President Donald Trump’s administration is looking at ways to convert a glut of commercial real estate resulting from the coronavirus pandemic and ensuing lockdowns, into affordable housing, Housing and Urban Development Secretary Ben Carson said Wednesday. — Bloomberg
HUD Secretary Ben Carson gave remarks on the unlikeliness of things going back to how they were before the pandemic, citing the greater number of people that will work from home in the future. As a result of that new reality, Carson said, according to Bloomberg, "That's going to free up a lot of commercial space, which can be converted to affordable housing to take some of the pressure off."
The HUD Secretary encouraged city officials and local councils to begin pursuing projects in this area, stating that the federal government would provide support to help make moves in this direction occur.
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