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Let’s all hope the vacant buildings do not end up as Section 8 housing.
I’m going to guess that you have absolutely no clue how Section 8 housing even works. The two office conversions mentioned above for downtown Indianapolis are 100% Market Rate properties but there is absolutely a need for much more affordable housing in this city.
These conversions end up with rents higher than suburban mortgages and the density of such projects make it such that the buildings subsidize suburban infrastructure.
How many times is IBJ going to run this article?
This is an national AP article instead of a local article.
This is the only time IBJ has published this article.
Office conversions to housing. It’s gonna be great.
Everyone “working” from home. No need to go to the office or, stores for clothes, or grocery for food. Just order on line. Don’t really need a car or much public transportation. And no need for those folks associated working and supplying these things. Just stay home. Maybe get high. No need to socialize much with our friends and family. We just text and call the people we love and used to have fun with. It’s gonna be great for our financial, mental and spiritual well being.