Office Building Conversion To Homeless Housing

I don’t see this as a new national trend to take care of two problems at once but in San Pablo, a city in Northern California a small two-story office building is being converted to 54 small apartments, In this region office vacancies went up fro almost 10% to 18%. “There’s  just a ton of opportunity out there to use some of these less-than fully occupied buildings and reposition them as part of our broader housing solution”, said David Garcia, policy director or UC Berkeley’s Terner Center for Housing Innovation.”  The conversion cost is estimated at $19 million, which works out to $351,000 per studio or one-bedroom unit. Ouch! I also read about a  planned Oakland development of around fifty 300 square foot min-homes that will be built at a cost of $350,000 each. This is crazy. There are communities around the United States where for that price you get a 2,500 square foot four bedroom three bath home with a decent-sized yard.  #homelesshousing #newhousing#