Welcome to the Sorting Hat for HomeownersIf Hogwarts had a campus in State College (and honestly, it should—those turrets would look spectacular against a football Saturday sky), the Sorting
Dated: October 29 2023
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Centre County, PA, is on the cusp of transformation. The Biden-Harris Administration's recent announcement to convert underutilized commercial spaces into affordable housing has created a buzz that's hard to ignore. It's a move that mirrors the needs of our local communities, where the rise in office vacancies presents an opportunity for renewal and innovation.
HUD is releasing an updated notice on how the Community Development Block Grant fund, $10 billion of which have been allocated during this Administration, can be used to boost housing supply – including the acquisition, rehabilitation, and conversion of commercial properties to residential uses and mixed-use development. HUD is also increasing outreach efforts to support municipalities and developers seeking to use HUD tools to finance conversions. States and localities can also access up to five times their annual CDBG allocation in low-cost loan guarantees to fund projects such as the conversion of properties to housing or mixed-use development. In addition, HUD will make awards through a research-related Notice of Funding Opportunity, which can be used to develop case studies that can serve as roadmaps for other localities interested in pursuing conversions. HUD is also accepting applications for the $85 million Pathways to Removing Obstacles to Housing program, which includes the development of adaptive reuse strategies and the financing of conversions as eligible activities.
Our urban downtowns and rural main streets have felt the weight of soaring vacancies, not unlike the national trend that's hitting a 30-year high. These empty buildings aren't just eyesores; they're missed opportunities for growth. The Administration's plan is a clear signal to repurpose these structures into homes for our neighbors, cutting down on climate pollution—a move that resonates with our county's push towards sustainability.

These images illustrate the immense potential of converting underutilized commercial spaces in Central PA into affordable housing. By repurposing these spaces, not only can we address housing needs, but also revitalize communities, enhance green spaces, and foster social interactions among diverse residents. Such transformations are not just about buildings; they're about creating vibrant, inclusive neighborhoods. It's a progressive approach that aligns with your values and could be a compelling narrative for your community outreach and marketing efforts. Let's champion the idea of sustainable and inclusive urban development in Central PA! (Photo credit: DallE-3)
The initiatives laid out are more than a federal directive; they're a blueprint for a future where Centre County can thrive. With the promise of affordable, energy-efficient housing that's well-connected to transit and job opportunities, we're looking at a community-oriented model that aligns perfectly with our values. The focus on zero-emission conversions and transit-oriented development isn't just about hitting numbers; it's about building a Centre County that takes pride in being both green and affordable.
The heart of these plans lies in the financial incentives. With over $35 billion poised for investment in housing development near transit, we can anticipate a Centre County where affordability and accessibility go hand-in-hand. The Department of Transportation's new guidance could be a game-changer for our local transit agencies and developers, offering a path to transform underused properties into homes.
The HUD's move to allow the Community Development Block Grant fund for property conversions can be a catalyst for Centre County. Our local municipalities can tap into these resources to breathe new life into old buildings, creating a housing stock that reflects the needs of our community. HUD's outreach and funding opportunities, including the $85 million Pathways program, can set the stage for innovative housing solutions right here in our backyard.
The General Services Administration's commitment to sell surplus federal properties for residential redevelopment is an unexpected windfall. For enterprising developers in Centre County, this could mean access to prime real estate ripe for transformation into housing that's both affordable and centrally located.
The White House's release of a guidebook detailing over 20 federal programs to support conversions is a treasure trove for local stakeholders. It's a step towards demystifying the process and empowering local authorities, developers, and planners to make informed decisions that align with our county's goals.
The initiatives encourage a collaborative approach, inviting private sectors and nonprofits to build capacity around conversions. Organizations like the National Association of Counties are gearing up to support these efforts, which could significantly impact how Centre County approaches residential development.
Centre County has a unique opportunity to redefine its landscape. By leveraging these federal resources and initiatives, we can address the challenges of office building vacancies head-on, transforming them into affordable housing solutions. It's time for our local governments, developers, and community stakeholders to seize this moment, creating a Centre County that's more livable, sustainable, and prosperous for all.
As we, the residents of Centre County, look forward to these transformations, we must also stay engaged and informed. The Paths laid out by the Administration are not jusst directives -- they are invitations to innovate and collaborate for the common good. It's up to us to take these resources and weave them into the fabric of our local narrative, creating a community that reflects our values and aspirations. Let's work together to turn these plans into action and make Centre County a model for affordable, sustainable living.
Frances Thorsen is a leading real estate author and thought leader. She got her real estate license and became a REALTOR® in 1985. She was an early adopter of real estate technology on the Interne....
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