Wednesday, January 24, 2024

REVITALIZING, REBUILDING & REPURPOSING

THE BENEFITS AND TECHNIQUES TO MAKE IT HAPPEN

Johnny Noon, NAR’s director of Engagement/Commercial, said NAR’s commercial committee is focused on encouraging local REALTOR® associations to work with local government to ensure that zoning allows adaptive reuse.

He said a lot of parking ordinances are prohibitive for older buildings, which were built before the automobile, so they don’t have a parking pedestal within or an attached parking deck.

“Our research teams are asking more about [adaptive reuse]. Our members are asking for classes on it,” he said. 

“When you think about it, mom and pop landlords provide a lot of affordable housing. 

At a time of a housing crisis, we need tax incentives and zoning that supports people who are doing adaptive reuse on a smaller scale.”

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